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Wendy's CEO Touts Breakfast And Digital Momentum
Thursday, March 4, 2021 - 11:58am | 325Fast-food chain Wendys Co (NASDAQ: WEN) placed a bet big on a new breakfast menu option, but the timing of the launch coincided with the very early days of the COVID-19 pandemic. Nearly one year later, sales are "quite remarkable," Wendy's President and CEO Todd Penegor said on...
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Wendy's Falls After Revising 2019 Guidance
Tuesday, September 10, 2019 - 9:40am | 370Wendys Co (NASDAQ: WEN) announced Monday afternoon it plans on introducing breakfast options at all restaurants and this will negatively impact financial results for 2019. What Happened Wendy's said it wants to expand the availability of breakfast dining from more than 300 restaurants today to...
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Wendy's CEO Talks 'We Beefin?' Mixtape, 21st Century Marketing With Jim Cramer
Tuesday, March 27, 2018 - 3:19pm | 470Fast food chain Wendys Co (NASDAQ: WEN) released a hip-hop mixtape over the weekend — yes, a collection of five songs to promote its never frozen, always fresh meat. What Happened The mixtape titled "We Beefin?" naturally takes aim at rivals, including McDonald's...
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Wendy's Isn't Afraid Of McDonald's
Wednesday, May 10, 2017 - 1:21pm | 432Wendys Co (NASDAQ: WEN), the fast food chain valued at nearly $4 billion, is holding up quite well against the industry juggernaut McDonald's Corporation (NYSE: MCD) who is nearly 30 times bigger by market size. Wendy's stock gained more than 5 percent Wednesday and hit a new-all time high...
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Wendy's Says Presidential Election Is Hurting Sales
Thursday, August 11, 2016 - 12:31pm | 357There are many reasons why restaurant sales are facing pressure - including food safety concerns following the Chipotle fallout, a trend towards workers bringing their own food to work, and economic uncertainty forcing consumers to save a few extra dollars instead of dining out. The CEO of...
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JPMorgan Downgrades Wendy's, Says CapEx Should Have Been Lower
Thursday, February 11, 2016 - 10:15am | 336JPMorgan's John Ivankoe has downgraded the rating on Wendys Co (NASDAQ: WEN) from Overweight to Neutral, while lowering the price target from$12.00 to $10.50. Ivankoe believes that the company's previous capex guidance of $150 million over FY17/FY18 is too high, based on an end-FY16 store count of...