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 January 1, 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 other ...

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 ...

The Wendy's Company (WEN) reported fourth-quarter fiscal 2023 results, with earnings and revenues missing the Zacks Consensus Estimate. On a year-over-year basis, the top line rose while the bottom line declined. Solid same-restaurant sales and strength in digital momentum aided the company’s performance.Following the announcement, Wendy's shares declined 1.5% during the trading session on Feb 15.In 2023, Wendy’s system saw robust growth in sales, profit and cash flow. This was fueled by progress on strateg ...

Billionaire Nelson Peltz, who is Wendy’s chairman and its largest shareholder, charged the fast-food giant nearly $600,000 in “security-related expenses” last year, according securities filings.In a little-noticed disclosure last spring, Wendy’s noted in a 116-page proxy statement that the board of directors approved reimbursement to Peltz for the $596,467 that the hard-charging investor billed for his “independent professional security consulting firm,” according to Securities and Exchange Commission filin ...

Wendy's (WEN) reported $540.65 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 0.8%. EPS of $0.21 for the same period compares to $0.22 a year ago.The reported revenue represents a surprise of -1.09% over the Zacks Consensus Estimate of $546.61 million. With the consensus EPS estimate being $0.23, the EPS surprise was -8.70%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...