Workflow
Wendy’s(WEN)
icon
Search documents
Wendy's Frosty Frights Kids' Meal Celebrates Spooky and Sweet Halloween Icons
GlobeNewswire News Room· 2024-09-26 10:00
Group 1 - Wendy's is launching its HalloWEENDY's season with a new collection of Frosty Frights kids' meal toys, featuring 11 limited-edition toys inspired by the Frosty treat [1] - The toys include characters such as Franken Frosty, Frosty Bite, Coolie Ghoulie, Brrr Beast, Cold Spell, and Junior, appealing to both children and collectors [1] - Each Wendy's Kids' Meal includes a choice of 4-piece chicken nuggets, hamburger, or cheeseburger, along with Jr. Hot & Crispy Fries or Apple Bites and a kids' drink [1] Group 2 - Wendy's is also introducing special edition Boo! Books for $1, which include coupons for five free Jr. Frosty treats and a bonus coupon for a $1.99 Kids' Meal with any purchase [2] - Proceeds from the Boo! Books will benefit the Dave Thomas Foundation for Adoption, supporting its mission to find homes for children in foster care [2] - Customers can visit Wendy's.com to learn more about the HalloWEENDY's festivities this Halloween [2]
WEN Stock Down 15% in a Year: Still Worth it? Buy, Sell or Hold?
ZACKS· 2024-09-25 16:50
Core Viewpoint - Wendy's stock has underperformed over the past year, dropping 14.6%, compared to the Zacks Retail - Restaurants industry's growth of 12.8% and the S&P 500's rise of 33.8%, primarily due to higher labor costs, reduced customer count, and increased capital expenditures [1] Group 1: Stock Performance - Wendy's shares have shown resilience recently, rising 3.7% in the past month, outperforming the industry growth of 3.4% [1] - The stock's technical indicators suggest strong performance, trading above its 50-day moving averages, indicating robust upward momentum [5] - Wendy's is trading at a forward 12-month price-to-earnings ratio of 17.07x, lower than the industry's 24.97x and the broader Retail-Wholesale sector's 23.87x, highlighting a favorable valuation for investors [6] Group 2: Sales and Growth Initiatives - The company has reported solid same-restaurant sales growth, particularly in the breakfast segment, and anticipates global same-restaurant sales growth of 1-3% for the full year [7][8] - Digital sales have seen significant growth, with a more than 40% increase year over year, driven by enhancements in mobile ordering and delivery channels [9] - Wendy's opened 99 new restaurants in the first half of 2024, marking over a 20% increase compared to the same period in 2023, indicating a commitment to expanding its global footprint [11] Group 3: Strategic Partnerships and Innovations - The company announced a partnership with Palantir Technologies to enhance digital transformation and AI adoption within its supply chain operations, expected to generate cost savings and operational efficiencies [9] - Wendy's focus on menu innovation, technology upgrades, and strategic pricing positions it to capitalize on positive industry trends [2]
Wendy's Is Treating Fans to a Sweet Frosty Fix When and Where They Need It Most
Prnewswire· 2024-09-25 15:07
For fans facing fast food ice cream machine downtime, Wendy's serves up $1 Frosty treats* through SeptemberDUBLIN, Ohio, Sept. 25, 2024 /PRNewswire/ --WHAT: For nearly 55 years, Wendy's® iconic Frosty® has been the go-to sweet treat fix when fans' cravings strike, while the ice cream machines at the other guys are offline – often for two to three hours at a time.** Partnering with the infamous McBroken.com developer,** Wendy's tracked where a Frosty Fix was needed the most and found Chicago, Houston, Las Ve ...
The Wendy's Company Announces Executive Leadership Appointments
Prnewswire· 2024-09-16 11:30
Core Viewpoint - The Wendy's Company has appointed John Min as Chief Legal Officer and Secretary and Mary Greenlee as Senior Vice President, U.S. Operations, to enhance leadership and drive growth initiatives [1][2]. Leadership Appointments - John Min brings two decades of corporate legal experience, previously serving as Senior Vice President, Chief Legal Officer, and Secretary of Kellanova, and will oversee Wendy's global legal department [2][3]. - Mary Greenlee has over 25 years of experience in the restaurant and beverage industries, most recently as Vice President of U.S. Field Operations at Subway, and will manage Wendy's company and franchise operations [3][4]. Strategic Focus - Min's role will involve guiding Wendy's legal strategy and operations, managing global risk and compliance functions, and supporting the company's development plans [2][3]. - Greenlee will focus on enhancing franchise relationships, driving market expansion, and supporting the brand's strategic growth initiatives [3][4]. Company Vision - Wendy's aims to uphold high standards of legal and ethical practices while enhancing operations and delivering exceptional customer experiences [4]. - The company is committed to becoming the world's most thriving and beloved restaurant brand, with a focus on quality and innovation in the QSR industry [7].
Nelson Peltz steps down as chair of Wendy's board, starting a new era for burger chain
CNBC· 2024-09-09 12:58
Nelson Peltz speaking at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019.Nelson Peltz is stepping down as chair of Wendy's, ending a 17-year reign at the fast-food chain.Wendy's said Friday that the change is effective immediately.Peltz's exit comes as low-income consumers eat out less, causing Wendy's sales to slump. Shares of the burger chain have fallen more than 12% this year, dragging its market value down to $3.45 billion. Earlier this year, PepsiCo veteran Kirk Tanner stepped in as ...
A Frosty Fright: Wendy's New Kids' Meal Celebrates Spooky and Sweet Halloween Icons
Prnewswire· 2024-09-03 13:00
Fans who purchase a $1 Boo! Books benefiting foster care adoption will also score a $1.99 Kids' Meal with purchase couponDUBLIN, Ohio, Sept. 3, 2024 /PRNewswire/ --WHAT: Wendy's® is officially kicking off the HalloWEENDY's season with a new Frosty® Frights kids' meal collection. Through the spooky season, fans can collect all Frosty Frights kids' meal toys inspired by the iconic Frosty treat, if they dare... With spooky-fun characters like Franken Frosty, Frosty Bite, Coolie Ghoulie, Brrr Beast, Cold Spell ...
Wendy's: Hitting A Cyclical Soft Patch
Seeking Alpha· 2024-08-28 07:06
jetcityimage/iStock Editorial via Getty ImagesI thought Wendy's (NASDAQ:WEN) looked cheap enough when I opened on it with a 'Buy' rating late last year. Sure, there is a lot that is so-so here, including unit economics and growth prospects, but these shares were offering up a 5% dividend yield back then, and that really didn't require too much supplemental growth from the business in order to work for investors. The stock has definitely disappointed in that time. This isn't an easy period for quick-serv ...
Saucy Season: Wendy's New Saucy Nuggs Party Pack Drops Just in Time for Football Fans
Prnewswire· 2024-08-27 16:34
Perfect for tailgating and watch parties, new party-sized Saucy Nuggs are available August 27 DUBLIN, Ohio, Aug. 27, 2024 /PRNewswire/ -- Football Season Gets Saucy with Wendy’s New Saucy Nuggs Party Pack Beginning August 27WHAT: Wendy's® is fueling football fans and saucing up game day with the NEW Saucy Nuggs Party Pack available nationwide beginning today. The Saucy Nuggs Party Pack features about 45-50* all white-meat chicken nuggets freshly tossed and sauced in one of seven unique flavors. Every watch- ...
Wendy's (WEN) Falls 13% YTD: Can the Stock Bounce Back?
ZACKS· 2024-08-22 15:16
Shares of The Wendy's Company (WEN) have declined 12.8% year to date (YTD), compared with the industry’s decrease of 2.1%. The decline can be attributed to commodities costs and reduced customer count.The situation with commodities hasn't shifted much. The company is still seeing inflationary pressures on beef and fries. While WEN intends to strategically adjust, select menu prices and product offerings to mitigate the challenges, potential delays in implementation and competitive pressures may hinder its a ...
Wendy's: Only Buy If You Have The Patience To Wait! (Rating Upgrade)
Seeking Alpha· 2024-08-05 05:56
JHVEPhoto/iStock Editorial via Getty Images Context During my initial analysis of Wendy's (NASDAQ:WEN) I examined a wide range of relevant operational and financial aspects. Since then, I have noticed some interesting developments in both the industry and its '70/30 Expansion Strategy' that I would like to share with you. But first, I would like to introduce some important context regarding the current QSR landscape within the American market. One of the key points of the industry is crystal clear: gues ...