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Wendy's sells Baja Fresh: back to the beef, and breakfast
The concept of focusing on the "meat" of a business may be both a cliche and an overly carnivorous metaphor, but that doesn't make it any less true. And Wendy's is taking the cliche very literally in today's news, announcing it will sell Baja Fresh ...
Nelson Peltz finally gets Wendy's (WEN)
Wendy's (NYSE: WEN) finally sold the company to Nelson Peltz. The price which Peltz company Triarc paid was about $26.78 per share only a 6% premium according to the AP. One of the reasons the firm went for so little may be that there were no other ...
Is Wendy's/Arby's Group's stock as healthy as its menu?
Wendy's/Arby's Group (NYSE: WEN), a fast-food company that competes with McDonald's Corporation (NYSE: MCD), Burger King (NYSE: BKC), and Yum! Brands (NYSE: YUM), reported earnings for the fourth quarter on Monday. Call me unimpressed.
The chain ...
Newspaper wrap-up: Wendy's and Nelson Peltz to today unveil deal
MAJOR PAPERS:
Wendy's International Inc (NYSE: WEN), struggling since the 2002 death of founder Dave Thomas, and pressed by investor Nelson Peltz to improve results, will today announce a deal with Peltz, the Wall Street Journal reported.
The ...
Wendy's on the block?
Wendy's Int'l Inc. (NYSE: WEN) announced today that it would be trying to explore the options of selling the company instead of considering other possible restructuring options. We first started to hear rumblings of a possible sale of the company ...
Newspaper wrap-up 5-11-07: Wendy's urged to sell by shareholder
MAJOR PAPERS:
The Wall Street Journal (subscription required) reported that Highfields Capital Management LP, which owns an 8.5% stake in Wendy's International Inc (NYSE: WEN), has sent a "strongly worded letter" to Wendy's chairman James ...
Wendy's breakfast plans
A big part of Wendy's International Inc. (NYSE:WEN) presentation to its stockholders recently was its plans to reintroduce a breakfast menu. According to an interview with Wendy's chief marketing officer in Columbus Business First, about one in three ...
Gallery: Wendy 'The Snapple Lady' Kaufman
Earnings previews: ADM and Wendy's
Agri-giant Archer Daniels Midland Co. (NYSE: ADM) and number three burger chain Wendy's International Inc. (NYSE: WEN) are scheduled to report earnings tomorrow morning. Here's a quick peek at them ahead of results.
ADM failed to beat earnings ...
Pressure builds for Wendy's sale
Pressure on Wendy's Intl (NYSE:WEN) to sell grew yesterday as its largest institutional shareholder, Highfields Capital Management LP, called for the company to look for a buyer. The Wall Street Journal (subscription required) reported that the firm ...
No wonder Wendy's is for sale
Wendy's International Inc. (NYSE: WEN) has just announced that its same-store sales rose .7% in the second quarter of the year. The chain has 6,600 stores. By contrast, McDonald's Corp. (NYSE: MCD) same-store sales rose almost 9% in May, the last ...
Wendy's slows down the growth
In its latest annual report, fast-food chain Wendy's International (NYSE:WEN) reported that it will be opening fewer new locations this year. The company will open 80 to110 restaurants, most of them franchised, compared to 122 new ones last year. ...
Wendy's breakfast initiative tanking again
Wendys Arbys Group's (NYSE:WEN) Wendy's Restaurant's second foray into the breakfast business appears to have failed, sending the company back to the drawing board, and leaving McDonald's (NYSE:MCD) as the clearly dominant player in the drive-through ...
Wendy's puts itself up for sale
Note to executive: When reporting a bad quarter, there is one strategy that can always save the stock: Announce that you are exploring strategic alternatives. After telling investors that earnings per share shrunk from 45 cents to 3 cents and ...
Condiment dispute leads to gunfire at Wendy's
A brave Wendy's International (NYSE: WEN) manager took a non-fatal bullet earlier this week while trying to protect the fast-food chain's condiments.
According to news out of a Wendy's location in Miami, a drive-thru customer requested 10 packets of ...
So long peak oil, here comes peak uranium
Black Friday expected to be strong, no promises for Christmas
Will JPMorgan chief Jamie Dimon be our next Treasury Secretary?
