Key PointsWendy's stock rose nearly 2% on Feb 28 after the company said it would not be implementing surge pricing, clarifying earlier remarks from the CEO.A social media backlash erupted over potential surge pricing, with Reddit users likening it to Uber's pricing model.Analysts have a "hold" rating on Wendy's stock, with Wall Street eyeing a double-digit upside in the stock. 5 stocks we like better than Wendy'sWendy’s Company NASDAQ: WEN stock traded nearly 2% higher on February 28 as the fast-food mid-ca ...

Late in February 2024, the fast-food restaurant chain Wendy’s (NASDAQ: WEN) drew the attention and ire of the internet when it announced it would, in the future, start using artificial intelligence (AI) to adjust prices for menu items in a fashion similar to Uber (NYSE: UBER). Originally, Wendy’s implied that prices would decrease or increase based on myriad factors, including weather, time, demand, location, and so on, and would shift multiple times each day.Judging by the discussions on numerous social me ...

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ToplineFast food chain Wendy’s clarified it isn’t planning to apply surge pricing to its food next year, after reports earlier this month led people to believe the price of their food would soon change based on demand.Wendy’s says that it has no plans to increase prices during the busiest times at its restaurants.Copyright 2021 The Associated Press. All rights reserved. Key FactsWendy’s said in a statement Tuesday that news of their dynamic pricing and new digital menu boards—which the company said would al ...

Wendy’s said it wants to “clarify” its plans to roll out digital menu boards that can change prices for burgers and fries throughout the day — and insisted that Uber-style “surge pricing” isn’t part of the plan.The burger giant’s CEO Kirk Tanner told analysts this month that new digital menu boards next year would enable the chain to enact “dynamic pricing” — the term Uber uses to describe its model that moves fares higher when demand spikes. But after reports of Tanner’s comments sparked an uproar this wee ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______________ TO _______________ Commission file number: 1-2207 THE WENDY'S COMPANY (Exact name of registrant as specified in its charter) Delaware 38-0471180 (State or othe ...

DUBLIN, Ohio, Feb. 26, 2024 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) announced the appointment of Matt Spessard as Chief Information Officer. He will report to President and Chief Executive Officer Kirk Tanner and serve on the Wendy's Senior Leadership Team. Spessard will succeed Kevin Vasconi who has served as Chief Information Officer since October 2020. Spessard has served as Senior Vice President, Global Chief Technology Officer for The Wendy's Company since August 2022. In this role, he was ac ...

Wendy’s is preparing to test an “Uber-style” surge-pricing model where prices will fluctuate throughout the day based on demand — meaning a Dave’s burger will cost more during the lunchtime rush.Wendy’s CEO Kirk Tanner — who rose to the chief role earlier this month — announced the new system on a call with investors, noting that the pricing menu will begin testing in 2025, Daily Mail earlier reported.With the dynamic pricing model, the chain’s iconic Dave’s Single could increase by as much as $1 at lunchti ...

Celebrate four years of Wendy's breakfast with a FREE Cinnabon® Pull-Apart on Leap Day, February 29* and enjoy a DashPass** by DoorDash Member Breakfast Deal on March 1*** with Cinnabon® Pull-Apart PurchaseDUBLIN, Ohio, Feb. 26, 2024 /PRNewswire/ -- Wake up with Wendy's® new Cinnabon® Pull-Apart, a delectable morning treat now available nationwide only at your local Wendy's. To celebrate four years of serving a better breakfast, Wendy's is sweetening the extra day that comes around every four years. On Leap ...

Wendy's Co (NASDAQ:WEN) stock hit a 17-month low this morning, after a downgrade from J.P. Morgan Securities to "neutral" from "overweight," with a price-target cut to $19 from $22. The firm noted a rise in promotional activities at restaurants, saying it could hamper the stock in the coming year.  Last week's fourth-quarter results miss and disappointing annual forecast still appears to be on analysts' minds, as no fewer than nine have slashed their price objectives since then, including two just yesterday ...