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Wendy's is delivering food by drone for the first time — with one big catch
New York Post· 2024-03-21 20:32
For when you need your fast food on the fly.Wendy’s customers around the country may soon be able to receive their orders via drone, thanks to a bold new collaboration between DoorDash and Alphabet’s Wing, the food delivery company announced.A pilot program rolled out Thursday in Christiansburg, Va., has drones dropping off burgers, fries and a Frosty in “30 minutes or less,” DoorDash said in a press release.DoorDash is partnering with Wing’s drones in pilot program to deliver Wendy’s items in Virginia. 3 ...
Here's Why Investors Should Retain Wendy's (WEN) Stock Now
Zacks Investment Research· 2024-03-20 17:26
The Wendy's Company (WEN) is likely to benefit from solid comps growth, strategic pricing actions and Breakfast daypart offerings. This and the focus on digital initiatives bode well. However, high labor costs are a concern.Let us discuss the factors that highlight why investors should retain the stock for the time being.Growth CatalystsWendy’s continues to impress investors with robust global same-restaurant sales growth. During the fiscal fourth quarter, Same-restaurant sales at international restaurants ...
Taste the Sweet Nostalgia: Wendy's Debuts Orange Dreamsicle Frosty
Prnewswire· 2024-03-19 13:00
Just in time for the first day of spring, Wendy's newest seasonal Frosty innovation joins menus March 19DUBLIN, Ohio, March 19, 2024 /PRNewswire/ -- Travel back in time with sweet, nostalgic flavors of Wendy's® new Orange Dreamsicle Frosty®, available nationwide beginning Tuesday, March 19. A beloved childhood classic meets the iconic cool, creaminess of Frosty with Wendy's new, spring-inspired seasonal flavor. The newest Frosty innovation packs a spoonful of sweet orange notes combined with the classic smo ...
Wendy's Delivers Record Support for Foster Care Adoption
Prnewswire· 2024-03-12 13:00
Restaurant teams and Frosty fans raised $22.6 million benefiting The Dave Thomas Foundation for AdoptionDUBLIN, Ohio, March 12, 2024 /PRNewswire/ -- Continuing a more than 30-year history of supporting foster care adoption, Wendy's® helped raise a record-breaking $22.6 million benefiting the Dave Thomas Foundation for Adoption® over the last year including fundraising programs like "Make A Biggie Difference" sponsored by Coca-Cola® and Keurig Dr Pepper®, coin canister collection, Boo! Books®, and Frosty® Ke ...
3 Stocks Still Riding the Surge Pricing Wave (Despite Wendy's Reversal)
InvestorPlace· 2024-03-08 04:22
In late February, Wendy’s management team surprised both customers and investors with a clarification. The fast-food chain announced wrote to CNN that “Wendy’s will not implement surge pricing, which is the practice of raising prices when demand is highest. […] It was never our plan to raise prices when customers are visiting us the most.” Surge pricing is the practice of increasing prices when demand is high and decreasing them when prices are low. Basically, it’s a form of “dynamic” pricing. Customers of ...
Best Tasting Burgers, Best Deals: Wendy's Fuels March Madness Fans with $1 Dave's Single and $2 Dave's Double All Tournament Long
Prnewswire· 2024-03-04 14:00
Fans can score March Madness deals now through the NCAA tournament with offers in the Wendy's AppDUBLIN, Ohio, March 4, 2024 /PRNewswire/ -- It's almost time for tipoff! While fans are busy researching teams for brackets, getting their gear ready, and prepping their watching schedule, Wendy's® is fueling the fandom with March Madness® deals all month long!To celebrate the biggest basketball tournament of the year, Wendy's fans can score a $1 Dave's Single® or a $2 Dave's Double® with Wendy's app offers*. ...
Wendy's Dynamic Pricing Announcement Puts New CEO Kirk Tanner In Spotlight
Forbes· 2024-03-02 21:50
Wendy's criticized for suggesting that dynamic pricing would be part of its strategy in 2025 (Photo ... [+] by Bruce Bennett/Getty Images)Getty Images Wendy’s new president and CEO, Kirk Tanner, started his first month by firing up the public during the quarterly earnings call about a plan to use dynamic pricing to help increase the company’s margin opportunities. Many pundits have criticized the move since food is a non-discretionary category of spending and changing prices based on demand may unfairly dis ...
Wendy's Walks Cack Surge Pricing Talk After Social Media Grilling
MarketBeat· 2024-02-29 14:32
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 ...
Will Wendy's stock soar after u-turn on ‘surge pricing' after backlash?
Finbold· 2024-02-29 12:54
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 ...
Wendy's denies surge pricing plan after criticism
Proactive Investors· 2024-02-29 11:51
About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...