Wendy's plans to open 1,000 new restaurants globally by 2028
- Wendy's plans to open 1,000 new restaurants globally by 2028, aiming for around 2,000 international locations by that year.
- Wendy's CEO Kirk Tanner discussed a brand turnaround strategy during the first in-person investor update since 2019, featuring new technology and menu innovations.
- Wendy's international presence struggles with underdeveloped markets, representing around 13% of system sales.
- Plans include $150 million in capital expenditure for improving digital capabilities and competition with larger peers.
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12 Articles
Analyst Sees Wendy's Playing Catch-Up, Needs Stronger Focus on Tech, Talent & Global Expansion - Wendy's (NASDAQ:WEN)
J.P. Morgan analyst Rahul Krotthapalli reiterated a Neutral rating on the shares of Wendy’s Co (NASDAQ:WEN) with a price target of $17.00. Wendy’s first in-person investor update since 2019 featured CEO Kirk Tanner reflecting on his first year and outlining a strategy for the brand’s turnaround. With 7,240 units and under $15 billion in global sales, Wendy’s lags behind competitors like McDonald’s Corp, KFC, and others, said the analyst. The com…

Wendy’s Frosty to undergo major changes
The fast-food chain announced Thursday that in the coming months, it will be rolling out new ways to customize the sweet treat.
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