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The Wendy's Company operates, develops, and franchises Wendy's quick-service restaurants serving hamburgers, chicken sandwiches, nuggets, fries, Frosty desserts, beverages, breakfast items, and kids' meals. News for WEN commonly covers systemwide sales, company-operated restaurant sales, franchise royalties and fees, advertising fund activity, restaurant development, and performance across Wendy's U.S., Wendy's International, and Global Real Estate & Development.
Company updates also feature menu launches and limited-time items such as Frosty variations, Spicy Chicken Sandwich upgrades, seasonal beverages, and promotional partnerships tied to the Wendy's app and national brand campaigns. Corporate news includes earnings releases, outlook commentary, franchise agreements, operational initiatives, and governance or leadership updates.
The Wendy's Company (Nasdaq: WEN) reported its third quarter results for 2021, highlighting a 4% increase in total revenues to $470.3 million and a 13% year-to-date jump in revenues. Global same-restaurant sales grew 3.3%, with U.S. sales up 2.1%. The company announced a quarterly dividend of $0.12 per share and increased its share repurchase authorization by $80 million. Despite challenges, including rising operational costs and a decline in company-operated restaurant margins, net income rose 3.6% to $41.2 million.
The Wendy's Company (Nasdaq: WEN) has expanded its Board of Directors from 11 to 12 members, with the appointment of Richard (Rick) H. Gomez, effective November 4, 2021. Gomez, formerly the Executive Vice President and Chief Food and Beverage Officer for Target, brings over 20 years of experience in managing consumer food brands. Chairman Nelson Peltz highlighted Gomez's expertise in marketing and corporate social responsibility, emphasizing its importance for Wendy's future initiatives. Gomez expressed enthusiasm about contributing to Wendy's growth and partnerships.
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Wendy's honors Veterans Day by offering a FREE breakfast combo to veterans and active military members with valid military ID or Veterans Advantage card. This promotion takes place on November 11, 2021, from 6:30 AM to 10:30 AM at participating locations. The company recognizes its founder, Dave Thomas, a veteran, as part of its commitment to support the military community. Service members can also access ongoing perks through the Veterans Advantage program.
Wendy's has partnered with Berry Global and LyondellBasell to enhance the sustainability of its packaging materials, aiming for 100% recyclable customer-facing packaging by 2026. This collaboration marks a first in the quick-service restaurant industry with the introduction of clear plastic drink cups containing 20% recycled plastic. The initiative is expected to divert 10 million pounds of waste from landfills in its first two years, significantly increasing recyclability and promoting a circular economy in North America.
The Wendy's Company (Nasdaq: WEN) will announce its third quarter 2021 results on November 10, before market opening. A conference call is scheduled for 8:30 a.m. ET on the same day, with a live webcast available on the Company's Investor Relations website. Domestic callers can join at (866) 211-4759, while international participants can dial (647) 689-6752. Archived materials and the webcast will be accessible post-event on the same site.
Wendy's and Google Cloud have formed a partnership aimed at enhancing the restaurant experience through data-driven insights. Wendy's plans to utilize Google Cloud's AI, machine learning, and data analytics to modernize operations and improve customer interactions across various platforms. The initiative includes reimagining the dining experience and developing new food ordering methods. Key tools involved in this collaboration include Looker for analytics and Anthos for application management.
DUBLIN, Ohio, Sept. 21, 2021 /PRNewswire/ -- Wendy's and Uber Eats announce Newb School, a gaming initiative where fans can enroll by ordering $20 or more of Wendy's food through Uber Eats from Sept. 21 to Sept. 30. Participants will receive access to gaming tutorials from renowned gamers like Courage and Myth. This partnership aims to strengthen Wendy's connection with the gaming community following last year's successful collaboration. The initiative highlights Wendy's commitment to engaging with fans while enjoying their favorite meals.
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.