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The Wendy's Co Increases Quarterly Dividend Rate By 29%
Wendys Co Submitted A Consortium Bid To Acquire NPC's Wendy's Restaurants
Wendy's Posts Quarterly Adjusted Earnings Per Share $0.19
The Wendy's Company (Wendy) is engaged in the business of operating, developing and franchising a system of quick-service restaurants. The Company operates three segments: Wendy’s U.S., Wendy’s International and Global Real Estate & Development. Wendy’s U.S. includes the operation and franchising of Wendy’s restaurants in the United States. Wendy’s International includes the franchising of Wendy’s restaurants in countries and territories other than the United States. Global Real Estate & Development includes real estate activity for owned sites and sites leased from third parties, which are leased and/or subleased to franchisees, and also includes its share of the income of its Canadian restaurant real estate joint venture. It operates approximately 5,852 Wendy’s restaurants in the United States. Of these restaurants, over 357 were operated by the Company and 5,495 were operated by approximately 241 franchisees.
1 Dave Thomas Blvd
Non-Executive Chairman of the Board
Todd A. Penegor
President, Chief Executive Officer, Director
Peter W May
Independent Non-Executive Vice Chairman of the Board
Chief Financial Officer
Kurt A. Kane
President, U.S., Chief Commercial Officer
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Fast-food chain Wendy's Co said on Thursday restaurant operator Flynn Restaurant Group would buy half of its nearly 400 outlets operated by bankrupt NPC Quality Burgers Inc, with the rest being bought by several of its existing franchisees.
Wendy's Co said on Thursday restaurant operator Flynn Restaurant Group as well as a few other of its franchisees would buy about 393 of its outlets operated by the bankrupt NPC Quality Burgers Inc.
Wendy's Co disclosed on Thursday it has submitted a bid to buy nearly 400 restaurants under its own name and operated by bankrupt franchisee NPC Quality Burgers Inc.
Wendy's Co <WEN.O> saw its sales recover in June and July as several U.S. states eased lockdown restrictions, after the fast-food chain's quarterly profit narrowly beat Wall Street expectations, driven by its new breakfast items.
Wendy's Co on Wednesday fell short of Wall Street estimates for quarterly revenue, but signaled a recovery in sales in the last two months as lockdown restrictions eased.
Wendy's Co <WEN.O> said on Wednesday it would focus on marketing its chicken products as it grapples with beef supply shortages in the United States that forced the burger chain to take its signature hamburgers off the menu at some of its restaurants.
Wendy's Co <WEN.O> said on Tuesday its restaurants may face a shortage of many menu items, including hamburgers, as beef processors in the United States struggle to keep their plants open amid the COVID-19 pandemic.
Fast-food chain Wendy's Co <WEN.O> said on Thursday it would defer rent and ease royalty and marketing fee payments for franchisees, amid growing pressure in the restaurant industry due to coronavirus-related outlet closures.
* THE WENDY'S COMPANY PROVIDES UPDATE ON COVID-19 AND ACTIONS TAKEN
The Wendy's Co <WEN.O> on Wednesday projected system-wide sales to grow 10% to 15%, or up to $12.5 billion, through 2020 as the burger chain prepares next week to officially launch breakfast.
The Wendy's Co on Wednesday projected system-wide sales to grow 10% to 15% through 2020 as the burger chain prepares next week to officially launch into breakfast.
Wendy's Co <WEN.O> reported strong North American sales on Wednesday, powered by spicy chicken nuggets and other special menu items, while the fast-food burger chain looks ahead to its launch of breakfast next year.
Wendy's Co reported on Wednesday that North America same-store sales rose 4.4% in the third quarter, powered by new launches such as the $5 Biggie Bag deal and spicy chicken nuggets, sending its shares up 3.9% before the bell.
Wendy's Co <WEN.O> said on Monday it expects a fall in its 2019 adjusted earnings, as it expands its breakfast offerings across its U.S. restaurants in 2020.
Wendy's Co said on Monday it does not expect growth in its 2019 core earnings due to one-time expenses from its plan to expand its breakfast offerings across its U.S. restaurants in 2020.
Wendy's Co <WEN.O> stuck to its full-year profit forecast on Wednesday after edging past analysts' estimates for second quarter in the face of a handful of major marketing investments by some of its biggest rivals, sending its shares 7% higher.
Burger chain Wendy's Co reported quarterly revenue on Wednesday that fell short of analysts' estimates, hit by tough competition in a crowded U.S. fast-food market.
Wendy's Co on Wednesday reported quarterly revenue and profit above estimates, as the burger chain was helped by higher royalty fees from franchisees and its new premium burgers that come with avocado and bacon.
Burger chain Wendy's Co reported better-than-expected quarterly revenue on Wednesday, as it collected more royalties from its franchises and its line of premium burgers that come with avocado, bacon and barbecue chicken attracted more diners.
Wendy's Co <WEN.O> on Tuesday reported quarterly sales at established outlets in North America below analyst estimates and lowered its same-store sales forecast for the year, as the burger chain struggles to lure customers in a fiercely competitive U.S. fast-food industry.
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