Wendys Co Stock Price, News & Analysis

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 The guidance for 2020 and long-term outlook was withdrawn due to uncertainties from the COVID-19 pandemic.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.

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.