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 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.
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Wendy's is launching a promotional campaign in Tampa to celebrate University of South Florida football. Starting September 12, fans can get a free Honey Butter Chicken Biscuit with any breakfast purchase on game days. Additionally, Wendy's is supporting local educators through its Meals for Educators program, providing over 5,500 teachers with free breakfast combos and coffee key tags. This initiative aligns with Wendy's commitment to community support, as stated by Kevin Zarcone, Director of Area Operations. The campaign aims to fuel both fans and educators during the school year.
Wendy's has reintroduced the Pretzel Bacon Pub Cheeseburger as a part of its Made to Crave line, featuring high-quality ingredients such as a quarter pound of fresh beef, Muenster cheese, and Applewood smoked bacon. Available from September 4 to 7, customers can receive a free cheeseburger with any purchase above $15 when ordering via Postmates using the code PRETZEL. The cheeseburger is priced at $5.69, with a chicken option available for $6.19. Wendy's aims to enhance customer experience by incorporating trendy gastropub flavors.
Wendy's has launched the Spicy Crispy Chicken Sandwich as part of its iconic 4 for $4 Meal Deal, featuring a spicy all-white meat patty, lettuce, and mayonnaise. The company is offering 44,444 free meal deals for customers with a $10 purchase using the code SPICY444 through Postmates until August 31, 2020. This addition aims to enhance Wendy's competitive edge in the fast-food market, particularly among chicken sandwich offerings. Customers can enjoy this new product at Wendy's locations nationwide, as well as through Postmates delivery.
The Wendy's Company (Nasdaq: WEN) reported its Q2 2020 results, noting a 7.6% decrease in total revenues year-over-year, largely due to lower same-restaurant sales amid the COVID-19 pandemic. U.S. same-restaurant sales fell 4.4%, while international sales dropped 18.4%. Despite challenges, sales growth for breakfast and digital initiatives showed promise, driving a high-single-digit growth in July. Wendy's declared a quarterly dividend of $0.05 per share and plans to resume share repurchases while enhancing financial flexibility with a $250 million revolving financing capacity.
Wendy's has launched its new loyalty program, Wendy's Rewards, nationwide in the U.S. Customers can earn points with each purchase, with 10 points awarded for every $1 spent. To celebrate the launch, customers will receive double points on their first order for a limited time. The program is integrated with the Wendy's mobile app, where users can track their points and redeem rewards for menu items. The initiative aims to enhance customer loyalty and engagement with the brand.