Wendy's Company (The) (WEN) News
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Latest WEN News From Around the Web
Below are the latest news stories about Wendy's Co that investors may wish to consider to help them evaluate WEN as an investment opportunity.
Several factors are working against the plant-based protein maker this year, analysts warn. Blame the pandemic.
(Bloomberg) -- Restaurant franchisee NPC International Inc. won court approval to sell more than 1,300 Pizza Hut and Wendy’s restaurants for about $800 million, six months after the coronavirus pandemic pushed the company into bankruptcy.Under two deals approved Wednesday by U.S. Bankruptcy Judge David Jones, Flynn Restaurant Group will take over 951 Pizza Hut locations and nearly 200 Wendy’s stores, according to court filings. Wendy’s Co. will take over another 200 of its namesake restaurants and then turn them over to a group of its franchisees.The agreements won the support of Pizza Hut and Wendy’s, which were involved in negotiating terms of the sales, attorneys for the two restaurant companies said in court. When NPC filed for bankruptcy last year, it operated more than 1,200 Pizza...
The largest franchise operator in the US, Greg Flynn, shares his playbook for success and reveals why his latest $550 million bet on Pizza Hut and Wendy's is key to growing his empire
Summary List Placement Back in 2011, Applebee's franchisee Greg Flynn set a goal to diversify his restaurant company's portfolio, a strategic move made after casual dining was hit hard by two recessions. The CEO and founder of Flynn Restaurant Group, who is also the largest Applebee's franchisee with 444 locations, has since amassed a multi-unit company of 1,223 restaurants that includes some of the industry's most popular fast food and fast-casual brands: Taco Bell (280), Arby's (367) and Panera Bread (132). By many accounts, including Flynn's own, he is the largest franchise operator in the US. And his empire is about to get bigger. Last week Flynn cut a deal to nearly double the size of his San Francisco-based company to nearly 2,400 restaurants by adding two fast-food categories tha...
Wendy's Co said on Thursday restaurant operator Flynn Restaurant Group as well as a few other of its franchisees would buy about 393 of its outlets operated by the bankrupt NPC Quality Burgers Inc.
Oppenheimer analyst Brian Bittner says the stock is underperforming despite factors that could bring gains.
Chipotle has entered the cauliflower rice craze.
Whether it was cookies, chips, or ice cream, consumers set new eating standards during a year defined by COVID-19.
Strong interest in McDonald's McRib could lead to a better than expected earnings report in January, argues this Wall Street analyst.
UBS analyst Dennis Geiger joins Yahoo Finance Live to discuss restaurant trends into 2021, including why he expects things to get worse for restaurants before they get better.
Will the Popeye's chicken sandwich stay the king of the chicken sandwich in 2021? Perhaps, but it won't be without some formidable new challengers.