Group 1 - The Wendy's Company will release its second quarter 2025 results on August 8, 2025, before market opens [1] - A conference call will be held on the same day at 8:30 a.m. ET, with a webcast available on the Company's Investor Relations website [1] - The conference call can be accessed by telephone for domestic and international callers, with a replay available on the Investor Relations website [1] Group 2 - Wendy's operates over 7,000 restaurants worldwide and employs hundreds of thousands of people [2] - The company is known for its fresh, made-to-order square hamburgers and popular menu items like the Spicy Chicken Sandwich and Frosty dessert [2] - Wendy's supports the Dave Thomas Foundation for Adoption, aiming to increase adoptions from North America's foster care system [2]

Kirk Tanner to Depart Wendy's for CEO Role at The Hershey CompanyDUBLIN, Ohio, July 8, 2025 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) today announced that Kirk Tanner, President and Chief Executive Officer, is leaving to become the President and CEO at The Hershey Company (NYSE: HSY) and will depart The Wendy's Company effective July 18, 2025. Wendy's Board of Directors has launched a comprehensive search process to select a permanent CEO.The Board has appointed Ken Cook, Chief Financial Officer of ...

Core Insights - The collaboration between Cheez-It and Wendy's introduces a limited-edition product: Cheez-It x Wendy's Baconator crackers, combining the flavors of Wendy's Baconator with Cheez-It's signature crunch [1][2][3] Company Overview - Kellanova, the parent company of Cheez-It, reported net sales of $13 billion for 2023 and aims to become a leading snacks-led powerhouse [5] - Wendy's operates over 7,000 restaurants globally and is known for its fresh, made-to-order food, including the popular Baconator burger [7] Product Details - The new Baconator crackers will be available nationwide starting July 2025, with an exclusive bundle available on CheezIt.com that includes a Wendy's Frosty keychain [3] - The product features 100% real cheese and Applewood smoked bacon flavor, aiming to deliver a full burger experience in a snack format [2][3] Marketing and Promotions - The partnership aims to surprise Cheez-It fans with a unique flavor experience, leveraging the popularity of both brands [2] - A promotional offer includes a $2 discount on a Baconator sandwich through the Wendy's app for customers who purchase the new crackers [4][8]

Core Insights - The Wendy's Company reported a decline in total revenues and net income for the first quarter of 2025, primarily due to lower sales in U.S. Company-operated restaurants and decreased franchise royalty revenue [5][8][12] - The company achieved systemwide sales growth of 8.9% in its International segment, while U.S. systemwide sales declined by 2.6% [2][9] - Wendy's added 68 net new restaurants globally and aims for a full-year net unit growth of 2-3% [2][9] Operational Highlights - Systemwide sales growth for the first quarter of 2025 was -1.1% globally, with U.S. same-restaurant sales down by 2.8% and International same-restaurant sales up by 2.3% [7][9] - Total systemwide sales reached $3.4 billion, a decrease of 1.1% compared to the previous year [9] - The company increased its global digital sales mix to a record 20.3% [9] Financial Performance - Total revenues for the first quarter of 2025 were $523.5 million, down 2.1% from $534.8 million in the same period of 2024 [5][9] - Net income decreased to $39.2 million, a decline of 6.7% from $42.0 million year-over-year [5][12] - Adjusted EBITDA fell to $124.5 million, down 2.6% from $127.8 million in the prior year [5][13] Cost and Expenses - U.S. Company-operated restaurant margin decreased to 14.8%, down 0.5% from the previous year, primarily due to commodity inflation and labor rate inflation [5][10] - General and administrative expenses increased by 6.9% to $68.2 million, attributed to higher employee compensation and benefits [5][11] Shareholder Returns - The company returned $173.5 million to shareholders through dividends and share repurchases [9] - A quarterly cash dividend of $0.14 per share was declared, payable on June 16, 2025 [14] Future Outlook - The company updated its full-year 2025 outlook to reflect the current consumer environment, maintaining a focus on strategic priorities [2][9] - Capital expenditures are projected to be between $100 million and $110 million, with adjusted earnings per share expected to range from $0.92 to $0.98 [9][19]