Wendys Co Stock Price, News & Analysis

The Wendy's Company (WEN) reported strong Q1 2021 results, with total revenues rising by 13.6% to $460.2 million, driven by increased sales at company-operated restaurants and franchise royalty revenue. Net income surged by 186.4% to $41.4 million, while adjusted earnings per share jumped 122.2% to $0.20. The company also increased its quarterly dividend by 11% to $0.10 per share and authorized a $50 million increase in share repurchase. Systemwide sales grew 12.5%, with U.S. same-restaurant sales up 13.5%. Wendy's remains focused on expanding its breakfast offerings and digital business.

Dublin, Ohio, May 6, 2021 /PRNewswire/ -- Wendy's is launching the Bourbon Bacon Cheeseburger, coinciding with National Hamburger Month. The new burger features a custom Bourbon Bacon sauce, Applewood smoked bacon, American cheese, crunchy onions, and a premium toasted bun. Available from May 6 through May 9, customers can enjoy a free cheeseburger via Postmates with a $15 minimum purchase using the promo code BOURBON. The suggested retail price for the new burger is $5.39. This introduction aligns with Wendy's commitment to quality and aims to satisfy burger lovers amid competition in the fast-food industry.

The Wendy's Company (WEN) has released its 2020 Corporate Responsibility Report, highlighting progress in Food, People, and Footprint. Key initiatives include responsibly sourcing its top 10 food categories by 2030, increasing diversity among leadership and franchisees, and committing to 100% sustainable customer-facing packaging by 2026. Wendy's also plans to track and reduce greenhouse gas emissions and has aligned its goals with the UN Sustainable Development Goals. The report emphasizes transparency through recognized reporting standards.

The Wendy's Company (Nasdaq: WEN) will announce its first quarter 2021 results prior to the market opening on May 12, 2021. Following the results release, the company will hold a conference call at 8:30 a.m. ET, which will also be available via webcast. Investors can access related presentation materials on the Investor Relations section of the company's website. For listening in via telephone, domestic callers can dial (866) 211-4759, while international callers should use (647) 689-6752. Archived materials will also be accessible on the same website.

Wendy's has relaunched its popular Bacon Double Stack as part of the $5 Biggie Bag, available nationwide. This meal deal includes the Bacon Double Stack, chicken nuggets, fries, and a drink, all for $5. Wendy's emphasizes its commitment to value and quality, positioning itself as a leader in fast-food affordability. The promotion aims to maintain customer loyalty while attracting new fans. Customers can order the Biggie Bag in-store, online, or via the Wendy's mobile app.

The Wendy's Company (Nasdaq: WEN) reported strong fourth-quarter results for 2020, with total revenues increasing by 11% to $474.3 million. Key highlights include a 5.5% increase in U.S. same-restaurant sales and a significant boost from the successful breakfast launch, which helped secure the company as the #2 QSR hamburger chain in the U.S. Despite a slight decline in net income to $38.7 million, adjusted earnings per share rose by 112.5%. The company also announced a 29% increase in its quarterly dividend and plans for continued growth in 2021 through digital efforts and expanding its international footprint.

The Wendy's Company (NASDAQ: WEN) has announced a 29% increase in its quarterly cash dividend, raising it from $0.07 to $0.09 per share. This increase will take effect with the upcoming dividend payment on March 15, 2021, for shareholders on record as of March 5, 2021. Currently, there are approximately 223.9 million common shares outstanding. The CEO, Todd Penegor, expressed confidence in the company's strong liquidity and ongoing business momentum, asserting the increase will not hinder investments in growth.

Wendy's has launched two innovative menu items: the Jalapeño Popper Chicken Sandwich and Salad, enhancing its chicken offerings. These items feature unique flavors inspired by classic jalapeño poppers, showcasing Wendy's commitment to menu innovation. The sandwich includes spicy chicken, jalapeño cream cheese, and bacon, while the salad features a mix of greens topped with crunchy jalapeños. Promotional offerings include a free sandwich through Grubhub from February 18-21, 2021. The sandwich is priced at $5.99 and the salad at $6.79.