The Wendy's Company (WEN)
Wendy's turnaround faces deeper closures as Jefferies cuts forecasts
The Wendy's Company (NASDAQ:WEN), the US fast-food chain, faces a longer and more expensive turnaround as Jefferies cuts earnings forecasts and lowers its price target to $6.50 from $7.50. The broker maintains a 'hold' rating, arguing that soft quick-service restaurant (QSR) industry trends, potential franchise closures and higher investment requirements warrant a more conservative outlook under new chief executive Wright.
10 more Wendy's stores could close this weekend, even though the fast food chain tried to save them. See the list
The legal feud between Wendy's and one of its largest franchisees got particularly frosty this week after the fast food giant tried to intervene in a round of store closures that are planned for this weekend.
Wendy's is facing more store closures: See an updated list of shuttered locations from franchise bankruptcy
Fast food giant Wendy's faced a fresh wave of permanent store closures on Friday for the second weekend in a row as one of its biggest franchisees scrambled to restructure operations in the aftermath of a Chapter 11 bankruptcy filing.
Wendy's is closing more stores: See a list of doomed locations from a major franchisee in ongoing bankruptcy
A sprawling Wendy's franchisee that sought Chapter 11 bankruptcy protection earlier this month could close as many as 30 restaurants over the next few weeks as part of a cash collateral agreement, new court filings reveal.
A major Wendy's franchisee with 314 stores just filed for bankruptcy. What it means for the burger chain's footprint
Despite being the third-largest fast-food hamburger chain in the world and the second-largest in the U.S. after McDonald's, Wendy's has struggled lately with declining sales and a shrinking store footprint.
One of Wendy's biggest franchisees files for bankruptcy as it falls behind burger rivals
One of Wendy's largest franchisees has filed for Chapter 11 bankruptcy protections as it struggles to win over customers – falling behind in the burger battle against McDonald's and Burger King.
Can WEN's Turnaround Change Traffic Weakness Into EBITDA Progress?
WEN's turnaround targets traffic, value and restaurant economics as weak sales, cost inflation and investment pressure weigh on EBITDA recovery.
Wendy's Rally Fades After Trian Steps Back: Was It Ever Real?
For a few days in mid-August, Wendy's NASDAQ: WEN traded like a company about to be taken private. Reports surfaced on Aug. 12 that Trian Fund Management, Nelson Peltz's activist firm and a roughly 16% shareholder in Wendy's, was assembling a consortium to explore a buyout.
Wendy's Shares Tumble on Report Trian No Longer Preparing Take-Private Bid
A report that Wendy's may be taken private caused shares to soar two weeks ago. A new report is causing them to tumble.
Nelson Peltz's Trian has no plans to make bid for Wendy's right now, sources say
The move comes after the investment firm, a longtime Wendy's shareholder, was earlier this month reported by Reuters and others to be working on preparing a bid with the help of a consortium of investors,
Wendy's CEO Says Food Quality Hasn't Been Chain's Top Priority—Vows Changes
Wendy's has been losing ground for more than a decade to rivals that invested heavily in its food offerings. Burger King clawed its way back to the No.
Wendy's CEO Aims for Chain to Get Back in the Burger Fight
Bob Wright said that the chain has traded quality for cost savings and that a former McDonald's executive is joining as marketing chief.
