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Tag: wendy

Wendy’s franchisee allegedly spent $1 million of PPP funding to finance home

Chip Somodevilla | Getty Images A former employee of Starboard Group, a large Wendy’s operator, alleges that the franchisee’s chief executive diverted $1 million in Paycheck Protection Program loans to finance his home in Montana. Sandi Adler, who was Starboard’s vice president of legal affairs and human resources, filed the complaint on June 30 under …

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Wendy’s withdraws outlook and draws down revolver as same-store sales plunge 20%

The Breakfast Baconator and Seasoned Potatoes are part of the breakfast menu at Wendy’s restaurants on March 2, 2020 in New York City. David Dee Delgado | Getty Images Wendy’s on Thursday announced measures to support its franchisees and its own liquidity as the coronavirus pandemic drives down its same-store sales by 20%.  The Dublin, Ohio-based …

Wendy’s withdraws outlook and draws down revolver as same-store sales plunge 20%Read More

Wendy’s breakfast launches nationwide. Here’s how it’s trying to steal McDonald’s customers

A customer exits a Wendy’s Co. fast food restaurant in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images DUBLIN, OHIO — In a crowded field of competition, Wendy’s strategy to win over breakfast customers includes spending big on advertising and poking fun at rivals. Within the fast-food industry, breakfast is the only meal …

Wendy’s breakfast launches nationwide. Here’s how it’s trying to steal McDonald’s customersRead More

How Wendy’s used its past mistakes to craft a better breakfast menu

DUBLIN, OHIO — As Wendy’s readies itself to launch breakfast nationwide March 2, the chain is preparing to go head-to-head against rivals like McDonald’s with a menu touting its quality. Three prior attempts to serve breakfast nationally over the last three decades failed to move past regional tests. This time around, Wendy’s worked with franchisees …

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Wendy’s to launch breakfast nationwide in March

Wendy’s breakfast menu items Source: Wendy’s Wendy’s announced Tuesday that it will start serving breakfast nationwide on March 2. “Our crew will be hand-cracking fresh eggs on all our breakfast sandwiches and leaning into the quality ingredients that have long set Wendy’s apart from the competition,” Wendy’s U.S. President Kurt Kane said in a statement. …

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Wendy’s prepares for its upcoming breakfast launch by learning from past mistakes

Wendy’s focus in 2020 is launching breakfast nationwide after decades of trying and failing. Investors are skeptical. The day after Wendy’s announced its breakfast plans in September 2019, its stock plummeted 10%. The fast-food chain has made three attempts over its history to serve breakfast nationwide, starting in the 1980s. But Wendy’s is confident that …

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Wendy’s stock jumps on plans for nationwide breakfast, European expansion

A drive-thru window of a Wendy’s restaurant in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Wendy’s on Friday shared more detail about its plan to launch breakfast nationwide, add new products and expand in Europe at its investor day. It also teased its unreleased third-quarter financial results. Wendy’s CEO Todd Penegor reported North …

Wendy’s stock jumps on plans for nationwide breakfast, European expansionRead More