Wendys Co Stock Price, News & Analysis

Palantir Technologies Inc. (NYSE: PLTR) and Wendy's Quality Supply Chain Co-op (QSCC) have announced a partnership to accelerate digital transformation, AI adoption, and operational decision-making across the Co-op. QSCC, serving over 6,400 Wendy's restaurants in the US and Canada, will initially implement Palantir's Artificial Intelligence Platform (AIP) to enhance decision-making processes.

In a second phase, QSCC will utilize Palantir AIP for supply chain management and waste prevention, including Dynamic Inventory Management and Demand Deviation and Allocation. This partnership aims to create a fully integrated Supply Chain Network with AI-driven, automated workflows, potentially leading to cost savings and efficiencies for all Wendy's operators.

Wendy's is offering $1 small Frosty treats for six weeks, from August 5 to September 15, 2024, at participating restaurants nationwide. This promotion allows customers to enjoy either the Classic Chocolate Frosty or the seasonal Triple Berry Frosty (while supplies last) at a discounted price. The deal aims to sweeten the end of summer for Frosty fans.

Interestingly, 70% of Frosty enthusiasts prefer using a spoon, while Gen Z often dips Wendy's Hot & Crispy Fries into their Frosty. Wendy's encourages customers to try different ways of enjoying their Frosty, whether by spoon, straw, or with fries. The company also promotes its rewards program, offering 10 points for every $1 spent, which can be redeemed for free items.

The Wendy's Company (NASDAQ: WEN) reported its Q2 2024 results, showing modest growth in key metrics. Global systemwide sales increased by 2.6% to $3.729 billion, while same-restaurant sales grew by 0.8%. Total revenues rose 1.6% to $570.7 million. However, operating profit decreased by 9% to $99.5 million, and net income fell 8.4% to $54.6 million.

The company continued its global expansion, opening 64 new restaurants (25 in the U.S. and 39 internationally) during Q2. Wendy's also maintained its quarterly dividend of 25 cents per share and continued its share repurchase program, buying back 1.6 million shares for $27.3 million in Q2.

Despite challenges, Wendy's remains focused on quality, innovation, and value to drive growth and improve restaurant economics throughout 2024 and beyond.

Wendy's is launching a new breakfast deal to brighten up Monday mornings, offering their Honey Butter Chicken Biscuit, now dubbed 'Honey Buddy', for just $1 with any purchase. This offer is available exclusively through the Wendy's app during breakfast hours, every week until September 30, 2024. The Honey Buddy features a buttermilk biscuit topped with breaded all-white meat chicken and maple honey butter, providing a balance of savory and sweet flavors. This promotion aims to combat the 'Monday Unhappy Hour' by offering a fan-favorite breakfast item at an unbeatable value, catering to customers seeking both quality and affordability in their morning meals.

The Wendy's Company (Nasdaq: WEN) has announced it will release its second quarter 2024 financial results before the market opens on Thursday, August 1. A conference call will be held at 8:30 a.m. ET on the same day, which will be webcast live on the company's Investor Relations website. Presentation materials related to the results will also be made available on the website. Domestic callers can join the conference by dialing (844) 200-6205, while international callers can dial (929) 526-1599 using event ID 202635. An archived version of the webcast and presentation materials will be accessible on the Investor Relations website following the event.

Wendy's announces its entry into the Republic of Ireland and Romania through new franchise agreements, aiming to develop hundreds of restaurants across Europe over the next decade, starting in 2025. Wendy's re-entered the UK in 2021, with plans to expand to 400 restaurants there. The company is also actively recruiting franchisees across Europe to support its growth ambitions.

In 2023, Wendy's achieved its 13th consecutive year of global same-restaurant sales growth, benefiting from strong partnerships with franchisees and suppliers. The European market is a high-priority area for Wendy's, reflecting its broader strategy to accelerate global growth and international presence.

Ampion has partnered with The Wendy’s Company to enable over 130 Wendy’s locations to source renewable energy through community solar and Renewable Energy Certificates (RECs). The partnership will deliver more than 27 million kWh of renewable energy to the grids in New York, Illinois, and Massachusetts. Wendy’s will utilize Ampion+ to access Green-e® Energy certified RECs, helping them meet stringent environmental standards. This initiative supports Wendy’s goal to reduce its Scope 1, 2, and 3 emissions by 47% by 2030. The enrolled restaurants will secure between 30% and 100% of their energy from solar without installing onsite panels. The collaboration aims to cut greenhouse gas emissions and energy costs.

By engaging in community solar projects, Wendy’s locations contribute renewable electricity to local grids, reducing reliance on fossil fuels. This partnership aligns with the company’s broader sustainability goals and exemplifies a scalable, affordable solution for corporate environmental responsibility.

To celebrate the fifth anniversary of its $5 Biggie Bag, Wendy's offers customers a free small Frosty with every Biggie Bag purchase through the Wendy's app. This promotion runs from June 20 to June 30 nationwide at participating locations. The Biggie Bag, introduced in 2019, includes a choice of a Jr. Bacon Cheeseburger or Crispy Chicken Sandwich, 4-piece Chicken Nuggets, Jr. Hot & Crispy Fries, and a small drink. Additionally, Wendy's introduces a -time Triple Berry Frosty available for free with UberEats orders over $15 through June 24.

Wendy's has introduced a new -time summer treat, the Triple Berry Frosty. Launched on June 12, 2024, this new Frosty flavor combines strawberry, blackberry, and raspberry to offer a refreshing, sweet, and tart experience. Available nationwide, the Triple Berry Frosty aims to cater to growing Frosty fandom and seasonal cravings. Wendy's fans can earn reward points by ordering through the Wendy's app or MyWendy's account, enhancing customer engagement and loyalty. This new offering continues Wendy's tradition of evolving their iconic Frosty lineup, which dates back to 1969.