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The Wendy's Company (WEN)

- NASDAQ
  • Tue, Feb. 3, 11:15 AM
    • The integration of mobile ordering is a major theme in the restaurant industry this year.
    • Starbucks (NASDAQ:SBUX) and Domino's Pizza (NYSE:DPZ) have raised the bar the highest, while peers have gone into chase mode.
    • Today, Wendy's (NASDAQ:WEN) reported a significant 3% sales lift in a 35-unit test run of an app order/dedicated drive-through program (h/t Barbarian Capital, Wendy's Investor Day webcast ).
    • Two companies struggling with their drive-through windows due to kitchen complexity, Panera Bread (NASDAQ:PNRA) and McDonald's (NYSE:MCD), have their eyes on in-store ways to boost sales. In the case of McDonald's, the plan is to use self-order kiosks.
    • Chipotle (NYSE:CMG) reports Q4 results after the bell today where there will be a focus on if the company's new mobile app had any impact on pick-up orders.
    | Comment!
  • Tue, Feb. 3, 7:49 AM
    • Wendy's (NASDAQ:WEN) plans to sell another 500 restaurants to its franchisees.
    • The announcement is part of a company goal to own just 5% of its stores by the middle of 2016 in order to reduce costs and smooth out cash flow.
    • Wendy's turned a +1.9% comp in Q4 vs. -1.7% for McDonald's (closely overlapping).
    • Previously: Wendy's -1.5% after issuing preliminary results
    • WEN -1.5% premarket.
    | 6 Comments
  • Tue, Feb. 3, 6:53 AM
    • Wendy's (NASDAQ:WEN) reports preliminary results for Q4.
    • Revenue -15% to $502M vs. $509M consensus.
    • EBITDA +20.3% to $107.1M.
    • EPS in-line at $0.10.
    • The company reports same-restaurant sales increased 1.9% during the quarter.
    • North American restaurant margin +50 bps to 16.8%.
    • 2015 guidance: EBITDA of $390M-$400M expected. EPS of $0.33-$0.35 vs. $0.39 consensus.
    • WEN -1.5% premarket.
    | Comment!
  • Fri, Jan. 23, 11:25 AM
    | 13 Comments
  • Thu, Jan. 22, 8:26 AM
    • The largest fast food company in the Philippines is hungry for an U.S. acquisition, according to a regulatory filing.
    • Jollibee, which has strong sales and organic growth rates in SE Asia, would like to target a QSR player with a market value of at least $1B to make its U.S. entry.
    • Hedgeye advises that Krispy Kreme (NYSE:KKD), Wendy's (NASDAQ:WEN), Popeyes Louisiana Kitchen (NASDAQ:PLKI), Sonic (NASDAQ:SONC), and Jack in the Box (NASDAQ:JACK) are in play.
    | Comment!
  • Wed, Jan. 14, 9:17 AM
    • A slide in retail sales during December was impacted by weakness with the electronics stores (BBY, CONN, HGG) and building materials/garden equipment (HD, LOW) categories.
    • The biggest drag on the index was the gasoline stations component (CASY, PTRY]]) which recorded a 6.5% M/M and 14.2% Y/Y decline in December.
    • Good news for the restaurant sector (MCD, QSR, YUM, SONC, WEN) as sales were up 0.8% M/M and 8.2% Y/Y during the month.
    | 3 Comments
  • Fri, Jan. 9, 1:38 PM
    | 5 Comments
  • Fri, Jan. 9, 8:35 AM
    | 110 Comments
  • Thu, Jan. 8, 1:38 PM
    • The National Retail Federation is urging Congress to pass H.R. 30 to restore the traditional 40-hour work week standard for healthcare benefits.
    • Healthcare benefits as defined under the Affordable Care Act are applied at the 30-hour level.
    • CBO estimates on the impact of H.R. 30 (.pdf)
    • Related stocks: MCD, QSR, WEN, JACK, DNKN, SONC.
    | 25 Comments
  • Thu, Jan. 8, 11:26 AM
    • Citi takes a bullish view on select names in the restaurant sector.
    • Wendy's (WEN +1%) is initiated at Buy with a $11 price target. Analyst Gregory Badishkanian sees some of the company's initiatives helping to draw in millennials.
    • Coverage on Chipotle (CMG +3.5%) is assumed again at a Buy with a $809 PT. Shares of CMG are at an all-time high after taking out $700 earlier this week.
    • The investment firm is also backing Restaurant Brands (QSR +2.7%) and Brinker International (EAT +1.1%) for gains with resumed Buy ratings.
    | Comment!
  • Mon, Jan. 5, 11:17 AM
    • Irish beef producers have been given the green light to export to the U.S. if certain criteria are met.
    • EU nations have not been prohibited from exporting to the U.S. since 1998 under the tight restrictions from the USDA.
    • A broader expansion of U.S. beef imports could bring some relief to prices.
    • Related stocks: TSN, LUK, OTCQX:JBSAY, WEN, MCD, CMG, TXRH, BLMN, RUTH.
    | 3 Comments
  • Fri, Jan. 2, 3:43 PM
    • Wendy's (WEN +0.2%) is involved in a lawsuit against one of its largest franchisees over a refusal to adopt the company's required remodel initiative and new POS system.
    • The legal action was filed against DavCo which operates 152 Wendy's outlets.
    | 6 Comments
  • Dec. 31, 2014, 11:33 AM
    • Consumer spending: More consumers say they are willing to trade-up to a traditional dining spot from fast-casual than trade-down to a fast-food option, according to Technomic. The revelation takes some of the steam away from the argument that lower gas prices will boost traffic at major fast-food chains.
    • IPOs: Profitable 2014 launches by Zoes Kitchen (ZOES -0.2%) and Habit Burger (HABT -0.5%) could inspire other private chains to go public. Shake Stack (Pending:SHAK) got an early jump by filing this week for an IPO.
    • Labor costs: Analysts see a risk to profitability in the sector from the wave of minimum wage laws set to go into effect over the next year. Some analysts think President Obama will push for federal legislation with the issue hard for election-minded Republicans to oppose strongly.
    • Fast-casual pizza: A breakout of a fast-casual pizza concept is widely expected in 2015 (candidates).
    • Chipotle: Another +30% run for the Mexican chain off of sizzling comps leaves it with limited upside, according to some analysts. Chipotle (CMG +0.8%) execs don't agree, noting during the Q3 earnings call (transcript) that enormous upside exists to maximize peak transactions per hour (350-400). Beef, cheese, and avocado pricing will be key for CMG next year as well.
    • Restaurant stocks: CAKE, CBRLDNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SBUX, SONC, WEN, BWLD, BDL, NATH, LUB, QSR, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN.
    | 11 Comments
  • Dec. 24, 2014, 9:57 AM
    • The restaurant industry will run up against soft comps in January and February due to last year's winter storms which were much worse than normal.
    • Restaurant same-store sales will rise just over 2% for the full year, according to an estimate from the co-founder of the NRN-MillerPulse tracking survey.
    • Technomic sees a 3% growth in restaurant comps in 2015, while Fitch Ratings has an outlook for 2% to 3%.
    • On the cost side, commodity prices for chicken, cheese, wheat, and pork are all expected to moderate. However, beef prices are seen increasing 4% to 8%.
    • Minimum wage increases in many state kick in on January 1 which could impact the bottom line for many chains.
    • Fresh IPOs, concept acquisitions, and leveraged buyouts care expected to be major themes in 2015, according to analysts.
    • CEOs on the hot seat include Don Thompson at McDonald's (NYSE:MCD) and Nigel Travis at Dunkin' Brands (NASDAQ:DNKN).
    • Restaurant stocks: CAKE, CBRL, CMG, DPZ, DRI, EAT, JACK, PNRA, RRGB, RT, SBUX, SONC, WEN, BWLD, THI, BDL, NATH, LUB, BKW, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN, HABT, NDLS, PLKI, LOCO, YUM, KKD, BOBE, TAST, GTIM, FRSH, COSI, FRS, PBPB, FRGI, QSR.
    | 18 Comments
  • Dec. 18, 2014, 11:10 AM
    • Wendy's (WEN +0.1%) makes some C-suite changes aimed at supporting the company's digital and international focus.
    • Ex-Domino's Pizza exec Brandon Solano will take over the chief marketing officer position from Craig Bahner.
    • The company also promoted VP Todd Penegor to give him oversight of the international division.
    | Comment!
  • Dec. 2, 2014, 8:56 PM
    • Though federal legislation on a minimum wage increase is stalled in Congress, there's still movement on the hourly payment front.
    • Organized protests at Wal-Mart stores on Black Friday were more widespread than in recent years.
    • The city council of Chicago approved a gradual increase of the minimum wage in the city to $13 per hour by 2019.
    • The pay hike in the Windy City follows similar measures in Seattle, San Francisco, and Oakland.
    • Earlier this week, a state senator is California introduced legislation to boost the minimum wage in the state to $13 per hour by 2017.
    • Related stocks: MCD, WMT, BKW, WEN, YUM, TGT.
    | 51 Comments
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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