Wendys Co Stock Price, News & Analysis

The Wendy's Company (Nasdaq: WEN) will announce its fourth quarter and full year 2020 results on March 3, 2021, before market opening. A conference call will take place at 8:30 a.m. ET on the same day, accompanied by a webcast. Interested parties can access the related materials on the Company's Investor Relations website, www.irwendys.com. The call will be available via phone for domestic at (866) 211-4759 and international at (647) 689-6752. Archived materials will also be accessible online.

Wendy's is offering a FREE Honey Butter Chicken Biscuit to fans in the Tampa Bay area from February 5 to February 7, 2021. No purchase is necessary for this promotion, aimed at celebrating the final football showdown weekend. This offer is available at over 100 participating Wendy's locations from 6:30 AM to 10:30 AM. The Chief Marketing Officer, Carl Loredo, emphasizes the quality and taste of their breakfast menu. Customers can find participating locations through Wendy's website.

Dublin, Ohio, December 7, 2020 /PRNewswire/ -- Wendy's teams up with Uber Eats for a unique event called 'Never Stop Gaming' from December 8-12, featuring gaming streams from top Twitch influencers. Fans can order special meal combos named after streamers such as TFUE and Myth via Uber Eats, receiving an Uber Eats Prize Pass for chances to win gaming-related prizes. The initiative aims to connect Wendy's with a younger audience through gaming culture, offering exclusive meals and exciting giveaways during this five-day event.

The Wendy's Company announced a new community-based giving program, allocating at least $500,000 to support 23 charitable organizations focused on social justice, youth, and education in the Black community. This initiative follows a prior partnership with the Thurgood Marshall College Fund. Employees can apply for grants, with $100,000 available in 2020. The program aims to enhance long-term partnerships with local organizations, reflecting the brand's commitment to community support. Wendy's plans to integrate this program with its existing Community Ambassador Grant Program in 2021.

Wendy's celebrates National Adoption Month with two promotions to support the Dave Thomas Foundation for Adoption (DTFA). Running until November 29, customers can get a free beverage with purchase via the Wendy's app, which results in a $5 donation to DTFA by Coca-Cola and Dr Pepper, up to $500,000. Additionally, from November 23 to January 31, customers can buy a Frosty Key Tag for $2, redeemable for a free Jr. Frosty treat throughout 2021, with 85% of proceeds benefiting DTFA.

The Wendy's Company (Nasdaq: WEN) reported its third-quarter 2020 results, showcasing a strong performance with global same-restaurant sales growth of 6.1%, the highest in over 15 years. Revenues increased by 3.3% to $452.2 million, primarily from higher sales at company-operated restaurants. However, net income fell by 13.7% to $39.8 million due to a higher tax provision. The company announced a 40% increase in its quarterly dividend to $0.07 per share, reflecting improved liquidity. The guidance for 2020 and long-term outlook was withdrawn due to uncertainties from the COVID-19 pandemic.

Wendy's has launched a new Classic Chicken Sandwich, described as crispier and juicier, priced at $4.99. This sandwich features a premium all-white meat chicken breast, mayo, tomato, lettuce, and pickles on a toasted bun. Additionally, all premium chicken fillets across Wendy's chicken sandwich lineup will be upgraded to the new fillet, impacting popular items like the Bacon Jalapeno Chicken Sandwich and Asiago Ranch Chicken Club. The sandwich is available via drive-thru, mobile order, and delivery options, including DoorDash and Uber Eats.

The Wendy's Company (Nasdaq: WEN) appointed Kevin Vasconi as Chief Information Officer effective immediately. Vasconi brings over 30 years of technology experience, including his recent role at Domino's Pizza, where he significantly advanced digital sales. He will oversee Wendy's global technology initiatives, focusing on consumer-facing digital solutions and information security. CEO Todd Penegor emphasized the importance of digital technology for the company's growth, expressing confidence in Vasconi's leadership to drive future advancements.

The Wendy's Company (Nasdaq: WEN) will announce its third quarter 2020 results on November 4, 2020, before market opening. A conference call is scheduled for the same day at 8:30 a.m. ET, accessible via telephone and a webcast. Investors can access presentation materials on the Investor Relations website. Domestic callers can dial (866) 211-4759, while international callers can reach (647) 689-6752. Archived materials will also be available on the website.