Welcome to our dedicated page for Wendys Co news (Ticker: WEN), a resource for investors and traders seeking the latest updates and insights on Wendys Co stock.
The Wendy's Company (Nasdaq: WEN) generates a steady flow of news through product launches, strategic initiatives, financial results and capital markets activity. With a global system of more than 7,000 Wendy's® restaurants, the brand regularly issues updates that reflect its position in the quick-service restaurant industry and its focus on menu innovation, value platforms and international expansion.
Recent news highlights include the introduction of the Biggie Deals® value menu, featuring $4, $6 and $8 combinations built around hamburgers made with fresh, never frozen beef in specified markets, chicken sandwiches, nuggets, fries and drinks. Wendy's has also expanded its chicken lineup with new Chicken Tenders, referred to as "Tendys," along with six new dipping sauces, and continues to develop Frosty® innovations, such as Frosty Fusions™ and limited-time flavors tied to seasonal themes or entertainment collaborations.
Investors and followers of WEN will also find regular coverage of the company’s financial performance. Quarterly results releases detail global systemwide sales, same-restaurant sales, restaurant openings, adjusted revenues, adjusted EBITDA, earnings per share, free cash flow, dividends and share repurchases. These updates often discuss trends in U.S. and international segments, restaurant-level margins, advertising spend and capital allocation.
Strategic and corporate news is another key theme. Wendy's has announced Project Fresh, a strategic plan aimed at brand revitalization, system optimization, operational excellence and capital allocation. The company also reports on leadership changes, board actions and international development agreements, such as new franchise commitments in Italy and Armenia that support its goal of reaching 2,000 international restaurants by 2028.
This news page brings together these types of announcements so readers can follow how menu developments, marketing programs, global growth, financing transactions and governance decisions shape The Wendy's Company over time.
Wendy's has launched a promotional offer of $1.99 Croissant Sandwiches as part of its sponsorship of NCAA college football. Available through October, customers can choose between Sausage, Egg & Swiss or Bacon, Egg & Swiss varieties. This promotion aims to attract football fans and enhance Wendy's breakfast visibility. Additionally, the Wendy's app includes a $0 Delivery Fee on weekends in September. The initiative emphasizes Wendy's commitment to fresh ingredients and competitive breakfast options.
Wendy's has relaunched its Boo! Books, available for $1, which include five coupons for free Jr. Frosty treats and an app-exclusive offer for a free fry with any purchase. Sales from these coupon books benefit the Dave Thomas Foundation for Adoption, aiming to support children in foster care. Wendy's aims to raise over $5 million through this initiative. Boo! Books can be purchased until October 31, 2021, with coupon redemptions valid until December 31, 2021. This program enhances Wendy's community support efforts.
Wendy's has launched the new Big Bacon Cheddar Cheeseburger, enhancing its Made to Crave lineup. This innovative sandwich features fresh, never frozen beef, Applewood smoked bacon, a custom bacon sauce, crispy onions, American cheese, and a cheddar cheese spread, all in a unique cheddar bun. Wendy's aims to deliver big flavors and affordability, reinforcing its position as the home of the number one bacon cheeseburger. The new offering is available for purchase via various platforms, including the Wendy's app, ensuring convenience for customers.
The Wendy's Company (Nasdaq: WEN) announced increased charitable donations as part of its Community Giving Program, focusing on foster care adoption, hunger relief, and community development. Key contributions include $100,000 to Mid-Ohio Food Collective, $50,000 to Columbus Urban League, and $50,000 to YWCA Columbus for youth programs. Additionally, nearly $50,000 will be allocated to various organizations globally through employee-driven grants, and $30,000 is set for Employee Resource Groups to foster community partnerships. This initiative marks a commitment to positively impact local communities.
The Wendy's Company and REEF have announced a commitment to open and operate 700 delivery kitchens across the U.S., Canada, and the U.K. over the next five years, building on a successful pilot in Canada. They expect to launch approximately 50 kitchens in 2021, with the rest completed by 2025. This initiative aims to enhance efficient delivery services, attracting more customers in urban areas. Wendy's aims to grow its brand through innovative formats, while REEF's model supports reduced traffic congestion and pollution by optimizing food delivery.
The Wendy's Company (WEN) reported strong Q2 2021 results with total revenues of $493.3 million, up 22.6% year-over-year, driven by significant sales growth. Systemwide sales increased 22.9%, with U.S. sales soaring 20.6%. The company raised its 2021 financial outlook, citing robust margins over 20% and net income growth of 163.9%. Wendy's also announced a 20% increase in quarterly dividends to $0.12 per share and a $70 million boost to share repurchase authorization. Plans for opening 8,500 to 9,000 global restaurants by 2025 have been significantly increased.
Wendy's introduces the Ghost Pepper Ranch Sauce, a new spicy dipping sauce available nationwide. This sauce combines the heat of ghost peppers with classic ranch flavor, perfect for pairing with various menu items, including the popular Spicy Chicken Nuggets. To promote the launch, Wendy's offers a limited-time BOGO deal on the 10-piece Spicy Chicken Nuggets for just $1 when purchasing other select items, valid until September 5. Customers can order online or through the Wendy's app at participating locations.
The Wendy's Company (Nasdaq: WEN) will release its second quarter 2021 results on August 11, 2021, prior to market opening. A conference call is scheduled for 8:30 a.m. ET the same day, with a webcast available on the Company's Investor Relations website, irwendys.com. Investors can join the conference call via telephone at (866) 211-4759 for domestic callers and (647) 689-6752 for international callers. Archived materials will also be accessible on the website.
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Wendy's is introducing a new plant-based option, the Spicy Black Bean Burger, launching on June 28 in selected markets including Columbus, Pittsburgh, and Jacksonville. This burger features a flavorful black bean patty with spicy toppings and will be available for $5.79 while supplies last. Wendy's aims to satisfy the growing demand for plant-based sandwiches with this culinary innovation, which is part of its Made to Crave menu. Customers ordering through the app can enjoy a promotion of a free medium fry and free delivery until July 1.