US EditionWendy'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.
Insights by Ground AI
Does this summary seem wrong?
12 Articles
12 Articles
All
Left
1
Center
7
Right
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…
·New York, United States
Read Full Article
FOX Carolina+2 Reposted by 2 other sources
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.
·South Carolina, United States
Read Full Article
Coverage Details
Total News Sources12
Leaning Left1Leaning Right0Center7Last UpdatedBias Distribution88% Center
Bias Distribution
- 88% of the sources are Center
88% Center
13%
C 88%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
