The Wendy's Company
 (WEN)

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  • Wed, Feb. 3, 1:38 PM
    • It's a new world in the restaurant sector after all-star Chipotle took a tumble from its lofty perch following the E. coli outbreak.
    • "We believe consumers, and especially investors, are hyper-sensitive to reports of foodborne illness," warns BTIG Analyst Peter Saleh.
    • He adds that his firm believes the concern can result in investors "shooting first and asking questions later." Backing up his conclusion, Buffalo Wild Wings is off 7% today after a notovirus incident was reported at a Kansas City-area store.
    • Yesterday's stunner from Chipotle that January comps fell off 36% is adding to the anxiety. While Chipotle's issue was due in part to local sourcing, analysts expect overall food safety costs to increase in the sector due to the new scrutiny.
    • Restaurant stocks: CAKE, CBRL, DRI, EAT, RRGB, RT, BWLD, BDL, NATH LUB, BLMN, TXRH, DENN, BBRG, DFRG, BOBE, RUTH, IRG, DIN, NDLS, BOJA, FRSH, RAVE, KONA, BGR, BJRI, FRS, CBRL, GTIM, TAST, ARKR, ZOES, PLAY, FOGO, ARCO, BH, IRG, FRGI, HABT, SHAK, CHUY, LOCO, TACO, MCD, QSR, SONC, WEN, QSR, BOJA, PBPB, PZZA, DPZ.
    | Wed, Feb. 3, 1:38 PM | 9 Comments
  • Wed, Jan. 27, 12:41 PM
    • Wendy's (WEN -1.4%) is responding to reports of unusual activity on payment cards used at its restaurants, according to Krebs On Security.
    • The company hired a cybersecurity firm to conduct a comprehensive investigation.
    • Krebs reports banks on the East Coast and Midwest have warned on the possible data breach at Wendy's.
    | Wed, Jan. 27, 12:41 PM | 4 Comments
  • Sat, Jan. 23, 2:46 PM
    • The economic cost of the blizzard hitting the East Coast could run as high as $850M, according to a forecast from Planalytics.
    • The tally includes lost productivity and a lower level of consumer spending over the duration of the storm - even after factoring in the impact of consumers stockpiling from chains such as Home Depot (NYSE:HD), Lowe's (NYSE:LOW), Wal-Mart (NYSE:WMT), and Kroger (NYSE:KR).
    • The storm is broad enough to impact domestic traffic numbers for restaurant chains (MCD, QSR, WEN, CMG, DENN, DNKN, SBUX) and movie theater operators (RGC, CKEC, CNK, AMC).
    • The number of cancelled flights tied to the storm is tracking rapidly toward 10K. U.S. airlines (LUV, AAL, JBLU, UAL, DAL) have become more efficient with managing major storms, but will still take a hit to Q1 revenue.
    • Looking ahead: Though harsh U.S. winters have lopped off as much as 1% to 2% from retail sales in the past, the 2015-2016 season still sits comfortably in the historical range used by economists when making their projections.
    • Previously: Blizzard rally for HD, LOW, BGG, TTC, ACAT, COLM, and BDE (Jan. 22)
    • Previously: Storm alert for Shake Shack and Dunkin' Donuts (Jan. 22)
    • Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK, BITE
    | Sat, Jan. 23, 2:46 PM | 71 Comments
  • Dec. 28, 2015, 1:40 PM
    | Dec. 28, 2015, 1:40 PM | 7 Comments
  • Dec. 17, 2015, 6:39 PM
    • As part of the company's succession planning, Wendy's (NASDAQ:WEN) CFO Todd Penegor has been named president, effective Jan. 4. As president, Penegor will have responsibility for both the fast-food chain's operations and finance functions. Operations will "continue to be led" by COO Bob Wright.
    • Wendy's announced in October Penegor would succeed Emil Brolick as CEO in May 2016. A search has begun to find a new CFO.
    • The company also states Scott Toop, 61, will retire as general counsel and secretary when his employment agreement expires in mid-January.
    | Dec. 17, 2015, 6:39 PM | 6 Comments
  • Dec. 15, 2015, 10:41 AM
    • Wendy's (WEN +2.2%) announces it added Matthew Peltz to its board of directors.
    • The company replaces one Trian executive with another on the board as Trian CIO Edward Garden has resigned.
    • Dennis Kass is another addition to the board. Kass is a former banking executive and Reagan administration official.
    • Wendy's now has a board size of eleven.
    • SEC Form 8-K
    | Dec. 15, 2015, 10:41 AM | 4 Comments
  • Dec. 11, 2015, 12:06 PM
    • $6 is the new hamburger price ceiling in the quick-service restaurant sector after Carl's Jr/.Hardees increased the cost of a Steakhouse Thickburger, according to BurgerBusiness.com.
    • Wendy's (NASDAQ:WEN) and Sonic (NASDAQ:SONC) both have a $5.99 sandwich, while Burger King's A.1. Hearty Mozzarella Cheeseburger is already well-above the $6 mark. McDonald's (NYSE:MCD) and Jack in the Box (NASDAQ:JACK) have premium items listed at $4.99.
    • Fast casual players such as  Shake Shack (NYSE:SHAK), Habit Restaurants (NASDAQ:HABT), and Smashburger have also been stretching out their top-priced items. Burger chains in general have used pricing on premium items to help offset weak traffic trends.
    | Dec. 11, 2015, 12:06 PM | 16 Comments
  • Dec. 7, 2015, 11:34 AM
    • A number of restaurant stocks are higher, despite a broad market decline and with fast-casual superstar Chipotle reeling.
    • The most recent read on restaurant same-store sales came in positive last week, despite another dip in traffic. Some analysts see margins firming up as pricing feeds the bottom line.
    • Notable movers today include Jack in the Box (JACK +2.4%), Potbelly (PBPB +2.5%), Darden Restaurants (DRI +2.1%), Sonic (SONC +2.1%), Buffalo Wild Wings (BWLD +1.3%), and Wendy's (WEN +2%).
    | Dec. 7, 2015, 11:34 AM
  • Dec. 3, 2015, 2:27 PM
    | Dec. 3, 2015, 2:27 PM | 13 Comments
  • Nov. 30, 2015, 2:56 PM
    • Restaurant chains in New York City will be required to post salt warning symbols on menus and menu boards on foods items that top 2,300 milligrams. The initiative begins tomorrow.
    • The salt warning is expected to apply to almost 10% of all menu items at chain stores.
    • Companies expect to incur some mild expenses to make the changes, but don't think sales will be impacted.
    • Restaurant stocks: PNRA, MCD, QSR, DNKN, SHAK, WEN, DIN, EAT, HABT, BWLD.
    | Nov. 30, 2015, 2:56 PM | 31 Comments
  • Nov. 19, 2015, 8:35 AM
    • Goldman Sachs adds Wendy's (NASDAQ:WEN) to its Conviction Buy list after crunching the numbers on the company's improving same-store sales. The ratings upgrade is a two-notch move.
    • The investment firm notes the strong trend for Wendy's same-store sales off of favorable pricing action.
    • Wendy's trades 16% below its 52-week high, but at a higher earnings multiple than many peers.
    • WEN +2.83% premarket to $10.18.
    | Nov. 19, 2015, 8:35 AM | 6 Comments
  • Nov. 13, 2015, 2:53 PM
    • Wendy’s (WEN -2.4%) is added to the Focus List at Citigroup, which believes same-store sales likely have been accelerated by "at least several hundred basis points” after the company introduced the 4-for-$4 promotion in October.
    • Citi analyst Gregory Badishkanian says industry buzz suggests the promotion is driving strong results for WEN, leading to a rise in transactions with little to no impact on restaurants' average check total.
    • The analyst predicts WEN will post Q4 same-store sales growth of at least 4%, above analyst consensus of 2.7% and the 3.3% growth implied by the high-end of company guidance.
    • Badishkanian predicts McDonald's (MCD -1.4%) same-store sales growth should accelerate further in Q4 but not at the expense of WEN.
    • Citi rates WEN a Buy with an $11 price target.
    | Nov. 13, 2015, 2:53 PM | 12 Comments
  • Nov. 10, 2015, 7:13 AM
    • Restaurant workers in more than 270 cities plan to strike today in one of the most organized labor events in the fast-food sector.
    • The walkout aimed at raising the federal minimum wage to $15 is timed exactly one year from the national election. Most GOP candidates oppose an increase in the $7.25/hr minimum wage, while the Democrat candidates support popping the minimum wage up to a $12/hr to $15/hr range.
    • An increase in the minimum wage could have a ripple effect outside of just fast-food chains.
    • Related stocks: DENN, MCD, QSR, PLKI, SONC, JACK, WING, GTIM, LOCO, WEN, CMG, TAST, RT, BOBE, DIN, HABT, SHAK, BH, CAKE.
    | Nov. 10, 2015, 7:13 AM | 99 Comments
  • Nov. 9, 2015, 1:15 PM
    | Nov. 9, 2015, 1:15 PM | 23 Comments
  • Nov. 6, 2015, 12:06 PM
    • Shake Shack (SHAK -0.1%) and Habit Restaurants (HABT -2.4%) couldn't hold their initial post-earnings gains, but are both solidly higher on the week. Sonic (SONC +2.3%) and Wendy's (WEN -1.3%) trade higher than where they did before Q3 numbers were released.
    • The story is different at chicken sellers Popeyes Louisian Kitchen (PLKI +1.6%), Buffalo Wild Wings (BWLD +0.8%), Wingstop (WING -5.3%) - and to a lesser degree Bojangles (BOJA -1.6%) - which have showed losses of varying degrees post-earnings.
    • Some analysts think the chicken-for-burger trade is based off of pricing potential. Consumers have been more willing to pay higher prices in the premium burger sub-sector than with chicken offerings.
    | Nov. 6, 2015, 12:06 PM | 3 Comments
  • Nov. 4, 2015, 7:54 AM
    • Wendy's (NASDAQ:WEN) announces same-store sales increased 3.1% at North American restaurants in Q3.
    • The company realized margin gains off the sales leverage, store optimization, and lower commodity expenses seen during the quarter. Gross margin rate +330 bps Y/Y to 18.8%. Adjusted EBITDA margin rate +350 bps to 21.5%. Operating profit margin +310 bps to 12.0%.
    • Management on strategy: "Going forward, we intend to buy and sell restaurants to act as a catalyst for growth by further strengthening our franchisee base, driving new restaurant development and accelerating Image Activation adoption."
    • Guidance: Wendy's sees 2015 EPS at the high end of its $0.31 to $0.33 range off a 2.0% to 2.5% comp. The long-term outlook is reaffirmed.
    • Previously: Wendy's beats by $0.01, beats on revenue (Nov. 04 2015)
    | Nov. 4, 2015, 7:54 AM | 1 Comment
Company Description
Wendy's Co franchises and operates company-owned Wendy's quick-service restaurants specializing in hamburger sandwiches throughout North America.
Sector: Services
Industry: Restaurants
Country: United States