The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company. It operates through three segments: Wendy's U.S., Wendy's International, and Global Real Estate & Development. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of January 3, 2021, it operated approximately 361 Company-operated restaurants; 5,520 franchised restaurants in the United States; and 947 franchised restaurants internationally. The company also owns and leases real estate properties. It owns 509 and leases 1,245 properties, which are leased or subleased primarily to franchisees. The company was formerly known as Wendy's/Arby's Group, Inc. and changed its name to The Wendy's Company in July 2011. The Wendy's Company was founded in 1969 and is headquartered in Dublin, Ohio.
IPO Year:
Exchange: NASDAQ
Website: wendys.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/13/2024 | $16.00 | Sell | Goldman |
| 4/12/2024 | $20.00 | Equal-Weight | Stephens |
| 2/22/2024 | $24.00 → $20.00 | Outperform → Mkt Perform | Bernstein |
| 2/21/2024 | $22.00 → $19.00 | Overweight → Neutral | JP Morgan |
| 1/16/2024 | $21.00 | Buy → Hold | Gordon Haskett |
| 1/3/2024 | $23.00 → $21.00 | Overweight → Equal Weight | Barclays |
| 12/21/2023 | $21.00 | Outperform → Neutral | Wedbush |
| 10/19/2023 | $20.00 | Hold | Deutsche Bank |
| 6/14/2023 | $25.00 | Overweight | Piper Sandler |
| 5/19/2023 | $29.00 | Hold → Buy | Argus |
Goldman initiated coverage of Wendy's with a rating of Sell and set a new price target of $16.00
Stephens resumed coverage of Wendy's with a rating of Equal-Weight and set a new price target of $20.00
Bernstein downgraded Wendy's from Outperform to Mkt Perform and set a new price target of $20.00 from $24.00 previously
JP Morgan downgraded Wendy's from Overweight to Neutral and set a new price target of $19.00 from $22.00 previously
Gordon Haskett downgraded Wendy's from Buy to Hold and set a new price target of $21.00
Barclays downgraded Wendy's from Overweight to Equal Weight and set a new price target of $21.00 from $23.00 previously
Wedbush downgraded Wendy's from Outperform to Neutral and set a new price target of $21.00
Deutsche Bank initiated coverage of Wendy's with a rating of Hold and set a new price target of $20.00
Piper Sandler resumed coverage of Wendy's with a rating of Overweight and set a new price target of $25.00
Argus upgraded Wendy's from Hold to Buy and set a new price target of $29.00
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DUBLIN, Ohio, Jan. 15, 2025 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) will release its fourth quarter and full year 2024 results and share its 2025 financial outlook before the market opens on Thursday, February 13. The Company will host a conference call that same day at 8:30 a.m. ET, with a simultaneous webcast from the Company's Investor Relations website at www.irwendys.com. The related presentation materials will also be available on the Company's Investor Relations website. The live conference call will be available by telephone at (844) 200-6205 for domestic call
DUBLIN, Ohio, Oct. 31, 2024 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) today reported unaudited results for the third quarter ended September 29, 2024. "Wendy's restaurants continued to deliver sales growth during the third quarter, maintaining overall traffic and dollar share in the QSR burger category," said Kirk Tanner, President and Chief Executive Officer. "We continued to strengthen the relationship with our customers through our digital and loyalty platforms while driving growth for the breakfast and late-night dayparts. We expect to build on this progress into th
DUBLIN, Ohio, Oct. 9, 2024 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) will release its third quarter 2024 results before the market opens on Thursday, October 31. The Company will host a conference call that same day at 8:30 a.m. ET, with a simultaneous webcast from the Company's Investor Relations website at www.irwendys.com. The related presentation materials will also be available on the Company's Investor Relations website. The live conference call will be available by telephone at (844) 200-6205 for domestic callers and (929) 526-1599 for international callers, both using event ID 838590. An archived webcast and presentation materials will be available on the Company's Investor Re
Dublin, Ohio, Aug. 1, 2024 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) today reported unaudited results for the second quarter ended June 30, 2024. "Our restaurants across the globe continued to deliver same-restaurant sales growth, holding steady with the QSR burger category in the second quarter," President and Chief Executive Officer Kirk Tanner said. "Our industry leading quality, exciting innovation, and compelling value will remain in focus as we continue to execute our customer first approach and drive the restaurant economic model throughout the rest of the year a
DUBLIN, Ohio, July 10, 2024 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) will release its second quarter 2024 results before the market opens on Thursday, August 1. The Company will host a conference call that same day at 8:30 a.m. ET, with a simultaneous webcast from the Company's Investor Relations website at www.irwendys.com. The related presentation materials will also be available on the Company's Investor Relations website. The live conference call will be available by telephone at (844) 200-6205 for domestic callers and (929) 526-1599 for international callers, both using event ID 202635. An archived webcast and presentation materials will be available on the Company's Investor Re
DUBLIN, Ohio, May 2, 2024 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) today reported unaudited results for the first quarter ended March 31, 2024. "The momentum we built across our business in the first quarter puts us on track to achieve our 2024 outlook and on the path toward unlocking the full potential of the powerful Wendy's® brand," President and Chief Executive Officer Kirk Tanner said. "We delivered global same-restaurant sales growth, which accelerated by 120 basis points on a two-year basis versus the previous quarter. This was driven in part by high-single digi
DUBLIN, Ohio , April 4, 2024 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) will release its first quarter 2024 results before the market opens on Thursday, May 2. The Company will host a conference call that same day at 8:30 a.m. ET, with a simultaneous webcast from the Company's Investor Relations website at www.irwendys.com. The related presentation materials will also be available on the Company's Investor Relations website. The live conference call will be available by telephone at (844) 200-6205 for domestic callers and (929) 526-1599 for international callers, both using event ID 399477. An archived webcast and presentation materials will be available on the Company's Investor Relat
DUBLIN, Ohio, Feb. 15, 2024 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) today reported unaudited results for the fourth quarter and full year ended December 31, 2023. WEN) is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company's support of the Dave Thomas Foundation for Adoption® and its signature Wendy's Wonderful Kids® program, which seeks to find every child in the North American foster care system a loving, forever home. Today, Wendy's and its franchisees employ hundreds of thousands of people across more than 6,700 restaurants worldwid
Kirk Tanner to Succeed Todd Penegor as President & CEO Company Reaffirms Previously Provided FY 2023 Outlook and Plans to Release Q4 2023 Results and 2024 and Long-Term Outlook February 15 DUBLIN, Ohio, Jan. 18, 2024 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) today announced that its Board of Directors has appointed Kirk Tanner as Wendy's President and CEO, effective February 5, 2024. Mr. Tanner will succeed Todd Penegor, who will depart from the Company and Board in February after serving in senior leadership positions at Wendy's for more than a decade. Mr. Tanner has also been elected to serve on the Wendy's Board of Directors.
DUBLIN, Ohio, Jan. 11, 2024 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) will release its fourth quarter and full year 2023 results and share its 2024 financial outlook before the market opens on Thursday, February 15. The Company will host a conference call and simultaneous webcast that same day at 8:30 a.m. ET, where it will provide an update on its long-term strategic vision and financial outlook and introduce several new catalysts across its growth pillars. WEN) is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company's support of the Dave
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DUBLIN, Ohio, Jan. 15, 2025 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) will release its fourth quarter and full year 2024 results and share its 2025 financial outlook before the market opens on Thursday, February 13. The Company will host a conference call that same day at 8:30 a.m. ET, with a simultaneous webcast from the Company's Investor Relations website at www.irwendys.com. The related presentation materials will also be available on the Company's Investor Relations website. The live conference call will be available by telephone at (844) 200-6205 for domestic call
Fans can unwrap Wendy's deals exclusively on the Wendy's app December 11-22 DUBLIN, Ohio, Dec. 11, 2024 /PRNewswire/ -- WHAT:'Tis the season to celebrate twelve days of Wendy's® BOGO deals – it's officially "Bow-GO" season! Beginning today, December 11, fans can "unwrap" Wendy's in-app gifts to discover twelve days of delicious deals for more than $50 in savings. Save on the most beloved Wendy's menu items of 2024 every single day, exclusively in the Wendy's app* through Sunday, December 22. Want to know what's under the Wendy's tree? In-app deals will include buy-one-get-one
Wendy's $3 Frosty Key Tags return December 9, gifting fans a free Jr. Frosty with purchase through 2025 while supporting foster care adoption DUBLIN, Ohio, Dec. 4, 2024 /PRNewswire/ -- WHAT: The countdown is on, and the wait is nearly over! Wendy's® beloved Frosty® Key Tags are officially returning to restaurants and in-app on December 9. The $3 Frosty Key Tag offers fans free Jr. Frosty Treats with purchase all year long – an extra sweet deal at a great value. Proceeds from each Frosty Key Tag sold will directly benefit the Dave Thomas Foundation for Adoption® and its commitm
Cook to Succeed Gunther Plosch Effective December 2 DUBLIN, Ohio, Nov. 18, 2024 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) today announced the appointment of Ken Cook as Chief Financial Officer, effective December 2, 2024. He will report to President and Chief Executive Officer Kirk Tanner and serve on the Wendy's Senior Leadership Team. Cook will succeed Gunther Plosch who has served as Chief Financial Officer since 2016 and will depart the Company at the end of the year after a transition with Cook. Cook most recently served as Head of Financial Planning and Analysis a
Fans can turn up flavor and savings with exclusive deal in the Wendy's app ahead of Thanksgiving gatherings DUBLIN, Ohio, Nov. 18, 2024 /PRNewswire/ -- WHAT: The Queen of Spice just dropped a HOT deal. Now through December 29, Wendy's® fans can bring the heat to their tastebuds and not the family gathering with a $3.99 Spicy Chicken Sandwich deal, available every day with the offer exclusively in the Wendy's app.* Wendy's is home to the OG Spicy Chicken Sandwich – launched in 1995 – featuring juicy chicken breast marinated and breaded in a unique, fiery blend of peppers and sp
Fans can pair seasonal Frosty flavor with new fall menu items beginning November 12 DUBLIN, Ohio, Nov. 12, 2024 /PRNewswire/ -- For 55 years, Wendy's iconic Frosty® has captured the hearts and tastebuds of Wendy's® fans with its creamy texture and satisfying sweetness. To celebrate this milestone, participating Wendy's restaurants nationwide are serving the newest seasonal Frosty flavor, Salted Caramel Frosty, beginning Tuesday, November 12.* Featuring notes of rich, salty caramel, this limited-time flavor is cool and cozy in every bite. Fans can pair the Salted Caramel Frosty
DUBLIN, Ohio, Oct. 31, 2024 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) today reported unaudited results for the third quarter ended September 29, 2024. "Wendy's restaurants continued to deliver sales growth during the third quarter, maintaining overall traffic and dollar share in the QSR burger category," said Kirk Tanner, President and Chief Executive Officer. "We continued to strengthen the relationship with our customers through our digital and loyalty platforms while driving growth for the breakfast and late-night dayparts. We expect to build on this progress into th
Hall of fame coach will match every Boo! Books purchase at local area Wendy's, up to $30,000, to benefit the Dave Thomas Foundation for Adoption DUBLIN, Ohio, Oct. 23, 2024 /PRNewswire/ -- WHAT: Legacy Restaurant Group (LRG), a local franchisee of The Wendy's Company, is teaming up with University of Kansas Men's Basketball Coach Bill Self – taking his winning plays off the court and into local Wendy's ® locations for a spooky good cause. As a Wendy's fan and champion of foster care adoption, Coach Self is matching every $1 Boo! Books® purchase* up to $30,000, to benefit the D
The whole family can celebrate Halloween with new limited-edition meal bundles beginning October 21 DUBLIN, Ohio, Oct. 21, 2024 /PRNewswire/ -- WHAT:Halloween treats aren't just for kids! HalloWEENDY's is delivering spooky food and fun for the whole family this season. Beginning October 21, Wendy's® fans can order a limited-edition Boo! Bag meal,* featuring a Dave's Single®, small Hot & Crispy Fry, small Frosty®, glow-in-the-dark Bone Chiller Frosty figure and a Boo! Books® coupon book. Boo! Books feature coupons for FIVE free Jr. Frosty treats, and a sixth bonus coupon to re
Rebel Foods opened all 160 Wendy's restaurants in a record span of 36 months DUBLIN, Ohio, Oct. 14, 2024 /PRNewswire/ -- The Wendy's Company announced today that Rebel Foods, the world's largest internet restaurant brand and the master franchise holder for Wendy's® in India, opened its 160th Wendy's restaurant at BTM Layout in Bengaluru. Dana Calvert, Wendy's Chief International Development Officer, led the opening celebration, reinforcing the brand's commitment to accelerating growth in India. With this new restaurant, Bengaluru will have more than 20 Wendy's locations, with
Cook to Succeed Gunther Plosch Effective December 2 DUBLIN, Ohio, Nov. 18, 2024 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) today announced the appointment of Ken Cook as Chief Financial Officer, effective December 2, 2024. He will report to President and Chief Executive Officer Kirk Tanner and serve on the Wendy's Senior Leadership Team. Cook will succeed Gunther Plosch who has served as Chief Financial Officer since 2016 and will depart the Company at the end of the year after a transition with Cook. Cook most recently served as Head of Financial Planning and Analysis a
John Min Appointed Chief Legal Officer and Secretary Mary Greenlee Named Senior Vice President, U.S. Operations DUBLIN, Ohio, Sept. 16, 2024 /PRNewswire/ -- The Wendy's Company (NASDAQ:WEN) ("Wendy's" or the "Company") announced today the appointment of John Min as the Company's Chief Legal Officer and Secretary and Mary Greenlee as Senior Vice President, U.S. Operations, effective today. These appointments represent the continued evolution of the Company's leadership structure to drive accountability and accelerate growth. Min will report to President and Chief Executive Officer, Kirk Tanner, and Greenlee will report to President, U.S., Abigail Pringle. Min succeeds E.J. Wunsch, who was app
Nelson Peltz Appointed Chairman Emeritus DUBLIN, Ohio, Sept. 6, 2024 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) today announced that its Board of Directors has appointed Arthur B. Winkleblack as non-executive Chairman of the Board. He succeeds Nelson Peltz, who has been named Chairman Emeritus in recognition of his long-time leadership, counsel, guidance and contributions to the Board and the Company. Winkleblack has served as Lead Independent Director since October 2023 and has been a member of the Board since 2016. He also serves as Chairman of the Nominating and Corp
Dutch Bros Inc. (NYSE:BROS, "Dutch Bros"))), a west coast-based drive-thru beverage company focused on making a massive difference one cup at a time, has announced the appointment of Todd Penegor to its Board of Directors, where he will serve as an independent director. Penegor brings extensive executive leadership experience from his tenure as President and CEO of The Wendy's Company (NASDAQ:WEN), along with previous roles at Kellanova (formerly Kellogg Company) (NYSE:K) and Ford Motor Company (NYSE:F). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240624176723/en/Todd Penegor (Photo: Business Wire) "Todd is a values-based lea
The newest Frosty is the berry best and brightest treat of the season DUBLIN, Ohio, June 12, 2024 /PRNewswire/ -- This summer, Wendy's® fans can cool off with a new and oh-so-refreshing Frosty® treat. Now available nationwide for a limited time, Triple Berry Frosty* is the biggest and juiciest flavor to join Wendy's iconic Frosty lineup yet. Triple Berry Frosty combines three of the freshest fruit flavors of the season – strawberry, blackberry and raspberry – into one sweet summer treat. A Frosty that's just as bright in color as it is in berry flavor, Triple Berry Frosty is the sweet treat of the summer.
Elevation of Current Senior Leadership Team Members Supports Growth of Core Business Segments DUBLIN, Ohio, May 23, 2024 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) announced the appointment of Abigail Pringle to the newly-created role of President, U.S. and E.J. Wunsch to President, International effective June 17. Ms. Pringle has served as President, International and Chief Development Officer since 2019, and in numerous leadership roles across Development, Operations and Strategic Initiatives since joining the Company in 2002. Mr. Wunsch has served as Chief Legal Officer since joining the Company in 2016. He has been a strategic partner on various international initiatives across Au
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. WEN) is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company's support of the Dave Thomas Foundation for Adoption® and its signature Wendy's Wonderful Kids® program, which seeks to find
Chair Mary J. Guilfoile, Who Has Served With Distinction, to Step Down Following the 2024 Annual Meeting William S. Simon and Jill Sutton, Who Collectively Possess Experience in Capital Allocation, Corporate Governance and Transformations, Have Been Added to the Board Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a global shipping and mailing company that provides technology, logistics and financial services, today announced that Mary J. Guilfoile will step down as Chair and retire from the Board of Directors (the "Board") following the 2024 Annual Meeting of Stockholders (the "Annual Meeting"). The Board will elect a new Chair following Ms. Guilfoile's retirement. Add
Joseph Levato Will Not Stand for Re-Election at Wendy's 2024 Annual Meeting of Shareholders Changes Reflect Wendy's Previously Disclosed Commitment to Ongoing Director Refreshment and Promotion of Board Diversity DUBLIN, Ohio, Dec. 14, 2023 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) today announced that on December 13, 2023, its Board of Directors increased the size of the Board from 12 to 13 members and elected Wendy C. Arlin to serve as an independent director of the Company, effective immediately. In addition, Joseph A. ("Joe") Levato has notified the Board that he intends to retire from the Board and not stand for re-election at Wendy's 2024 Annual Meeting of Shareholders. Followi
NEW YORK and PALM BEACH, Fla., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Trian Fund Management, L.P. (together with its affiliates, "Trian", "our" or "we"), which beneficially owns $3 billion of common stock in The Walt Disney Company (NYSE:DIS) ("Disney" or the "Company"), today submitted a notice of its intention to nominate two independent director candidates for election to the Disney Board of Directors (the "Board") at the Company's 2024 Annual Meeting of Shareholders (the "2024 Annual Meeting"). Disney is one of the most iconic companies in the world with unrivaled scale, unparalleled customer loyalty, irreplaceable intellectual property ("IP"), and an enviable commercial flywheel. However,