Wendy

The Wendy's Company:

• The Wendy's Company is an American parent company for the major fast food chain Wendy's. Originally founded as the Deisel-Wemmer Company, it is sourced in Dublin, Ohio. The company's principal subsidiary, Wendy's International, is the franchisor of Wendy's restaurants.
• Formerly: Deisel-Wemmer Co. (1884–1929), Deisel-Wemmer-Gilbert Corporation (1929–1946), DWG Cigar Corporation (1946–1966), DWG Corporation (1966–1993), "Triarc Companies, Inc. (1993–2008)", Wendy's/Arby's Group, Inc. (2008–2011).
• Company type: Public {A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are private enterprises in the private sector, and "public" emphasizes their reporting and trading on the public markets}.
• Traded as {A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock or security on a particular stock exchange. Ticker symbols are arrangements of symbols or characters (generally Latin letters or digits) which provide a shorthand for investors to refer to, purchase, and research securities. Some exchanges include ticker extensions, which encode additional information such as share class, bankruptcy status, or voting rights into the ticker. The first ticker symbol was used in 1867, following the invention of the ticker tape machine by Edward Calahan. It was used to identify shares of the Union Pacific Railroad Company}: "Nasdaq {The Nasdaq Stock Market (/ˈnæzdæk/ 🔈ⓘ; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. Although it trades stock of healthcare, financial, entertainment, retail, and food businesses, it focuses more on technology stocks. The exchange is made up of both American and foreign firms, with China and Israel being the largest foreign sources}: WEN [ https://www.nasdaq.com/market-activity/stocks/wen ]", S&P 400 component {This is a list of companies having stocks that are included in the S&P MidCap 400 (S&P 400) stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index contains 401 stocks because it includes two share classes of stock from 1 of its component companies}.
• ISIN {An International Securities Identification Number (ISIN) is a code that uniquely identifies a security globally for the purposes of facilitating clearing, reporting and settlement of trades. Its structure is defined in ISO 6166. The ISIN code is a 12-character alphanumeric code that serves for uniform identification of a security through normalization of the assigned National Number, where one exists, at trading and settlement}: US95058W1009.
• Industry: Foodservice {The foodservice (US English) or catering (British English) industry includes the businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, grocery stores, school and hospital cafeterias, catering operations, and many other formats. Suppliers to foodservice operators are foodservice distributors, who provide small wares (kitchen utensils) and foods. Some companies manufacture products in both consumer and food service versions. The consumer version usually comes in individual-sized packages with elaborate label design for retail sale. The foodservice version is packaged in a much larger industrial size and often lacks the colorful label designs of the consumer version}.
• Founded: 1884; 140 years ago.
• Headquarters: Dublin {Dublin is a city in the U.S. state of Ohio. A suburb of Columbus, it falls within the jurisdictions of Franklin, Delaware, and Union counties. The population was 49,328 at the 2020 census. Dublin has the highest concentration of Asians of any Ohio city. The Dublin Irish Festival advertises itself as the largest three-day Irish festival in the world}, Ohio {Ohio (/oʊˈhaɪ.oʊ/ 🔈ⓘ oh-HY-oh) is a state in the Midwestern region of the United States. It borders Lake Erie to the north, Pennsylvania to the east, West Virginia to the southeast, Kentucky to the southwest, Indiana to the west, and Michigan to the northwest. Of the 50 U.S. states, it is the 34th-largest by area. With a population of nearly 11.8 million, Ohio is the seventh-most populous and tenth-most densely populated state. Its capital and most populous city is Columbus, with other large population centers including Cleveland, Cincinnati, Dayton, Akron, and Toledo. Ohio is nicknamed the "Buckeye State" after its Ohio buckeye trees, and Ohioans are also known as "Buckeyes". Its flag is the only non-rectangular flag of all U.S. states}, U.S.
• Number of locations: 5,938 (United States), 1,006 (International), 6,949 (Total).
• Area served: Worldwide.
• Key people: Nelson Peltz (Chairman) {Nelson Peltz (born June 24, 1942) is an American billionaire businessman and investor. He is a founding partner, together with Peter W. May and Edward P. Garden, of Trian Partners, an alternative investment management fund based in New York. He is non-executive chairman of Wendy's Company, Sysco, and The Madison Square Garden Company. He is a former director of H.J. Heinz Company, Mondelēz International, and Ingersoll Rand and a former CEO of Triangle Industries}, Kirk Tanner (President and CEO).
• Products: Fast food {Fast food is a type of mass-produced food designed for commercial resale, with a strong priority placed on speed of service. Fast food is a commercial term, limited to food sold in a restaurant or store with frozen, preheated or precooked ingredients and served in packaging for take-out or takeaway. Fast food was created as a commercial strategy to accommodate large numbers of busy commuters, travelers and wage workers. In 2018, the fast-food industry was worth an estimated $570 billion globally. The fastest form of "fast food" consists of pre-cooked meals which reduce waiting periods to mere seconds. Other fast-food outlets, primarily hamburger outlets such as McDonald's and Burger King, use mass-produced, pre-prepared ingredients (bagged buns and condiments, frozen beef patties, vegetables which are pre-washed, pre-sliced, or both; etc.) and cook the meat and french fries fresh, before assembling "to order". Fast-food restaurants are traditionally distinguished by the drive-through. Outlets may be stands or kiosks, which may provide no shelter or seating, or fast-food restaurants (also known as quick-service restaurants). Franchise operations that are part of restaurant chains have standardized foodstuffs shipped to each restaurant from central locations. Many fast foods tend to be high in saturated fat, sugar, salt and calories. Fast-food consumption has been linked to increased risk of cardiovascular disease, colorectal cancer, obesity, high cholesterol, insulin resistance conditions and depression. These correlations remain strong even when controlling for confounding lifestyle variables, suggesting a strong association between fast-food consumption and increased risk of disease and early mortality}.
• Revenue: Increase US$2.095 billion (2022).
• Operating income {In accounting and finance, earnings before interest and taxes (EBIT) is a measure of a firm's profit that includes all incomes and expenses (operating and non-operating) except interest expenses and income tax expenses. Operating income and operating profit are sometimes used as a synonym for EBIT when a firm does not have non-operating income and non-operating expenses}: Decrease US$353.3 million (2022).
• Net income {In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period. It is computed as the residual of all revenues and gains less all expenses and losses for the period, and has also been defined as the net increase in shareholders' equity that results from a company's operations. It is different from gross income, which only deducts the cost of goods sold from revenue. For households and individuals, net income refers to the (gross) income minus taxes and other deductions (e.g. mandatory pension contributions)}: Decrease US$177.4 million (2022).
• Total assets {In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetary value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. Total assets can also be called the balance sheet total. Assets can be grouped into two major classes: tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets. Current assets include cash, inventory, accounts receivable, while fixed assets include land, buildings and equipment. Intangible assets are non-physical resources and rights that have a value to the firm because they give the firm an advantage in the marketplace. Intangible assets include goodwill, intellectual property (such as copyrights, trademarks, patents, computer programs), and financial assets, including financial investments, bonds, and companies' shares}: Increase US$5.5 billion (2022).
• Total equity {In finance, equity is an ownership interest in property that may be offset by debts or other liabilities. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets owned. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity. Equity can apply to a single asset, such as a car or house, or to an entire business. A business that needs to start up or expand its operations can sell its equity in order to raise cash that does not have to be repaid on a set schedule. When liabilities attached to an asset exceed its value, the difference is called a deficit and the asset is informally said to be "underwater" or "upside-down". In government finance or other non-profit settings, equity is known as "net position" or "net assets".}: Increase US$465.7 million (2022).
• Owners: Nelson Peltz (19.1%) {Nelson Peltz (born June 24, 1942) is an American billionaire businessman and investor. He is a founding partner, together with Peter W. May and Edward P. Garden, of Trian Partners, an alternative investment management fund based in New York. He is non-executive chairman of Wendy's Company, Sysco, and The Madison Square Garden Company. He is a former director of H.J. Heinz Company, Mondelēz International, and Ingersoll Rand and a former CEO of Triangle Industries}, Peter W. May (19.0%) {Peter William May (born 1943/44) is an American businessman and investor}, Edward P. Garden (12.1%), Trian Partners (12.0%) {Trian Fund Management, L.P., which uses the trade name Trian Partners, is an American hedge fund management firm headquartered in New York City. As an activist investor, the firm has pushed for significant change at some of America's largest corporations}, BlackRock (8.3%) {BlackRock, Inc. is an American multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with US$10 trillion in assets under management as of December 31, 2023. Headquartered at 50 Hudson Yards in Midtown Manhattan, New York City, BlackRock has 78 offices in 38 countries, and clients in 100 countries. BlackRock is the manager of the iShares group of exchange-traded funds, and along with The Vanguard Group and State Street, it is considered to be one of the Big Three index fund managers. Its Aladdin software keeps track of investment portfolios for many major financial institutions and its BlackRock Solutions division provides financial risk management services. As of 2023, BlackRock was ranked 229th on the Fortune 500 list of the largest United States corporations by revenue.}, The Vanguard Group (7.8%) {The Vanguard Group, Inc. (commonly known as simply Vanguard) is an American registered investment advisor founded on May 1, 1975 and based in Malvern, Pennsylvania, with about $9.3 trillion in global assets under management as of May 2024. It is the largest provider of mutual funds and the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock's iShares. In addition to mutual funds and ETFs, Vanguard offers brokerage services, educational account services, financial planning, asset management, and trust services. Several mutual funds managed by Vanguard are ranked at the top of the list of US mutual funds by assets under management. Along with BlackRock and State Street, Vanguard is considered to be one of the Big Three index fund managers that play a dominant role in corporate America}.
• Number of employees: ~14,500 (As of Jan. 2, 2022).
• Website: Wendy's website offers details about its menu, featuring fresh, never-frozen beef burgers, chicken sandwiches, salads, and signature items like Frosty desserts and chili. It highlights limited-time promotions such as the Saucy Nuggs and deals through the Wendy's app, where users can order for pickup or delivery. The site also emphasizes the brand's core values, nutrition information, and job opportunities, alongside options for online gift cards and rewards through its app. Visit: [ https://www.wendys.com/ ] for more information.
• Wendy's International: Wendy's International, Inc. is the franchisor of Wendy's restaurants and the former parent company of Wendy's. It also owned Tim Hortons, Baja Fresh, and had a 70 percent stake in Cafe Express. The corporate headquarters is located in Dublin, Ohio, a suburb of Columbus. Wendy's International is owned by the Wendy's Company. The Tim Hortons chain was spun off by Wendy's into a separate company in September 2006. The Baja Fresh chain was sold in October 2006. On September 15, 2008, the purchase of Wendy's International, Inc. by Triarc Companies, Inc. was approved by shareholders. On September 30, the merger was completed, with Triarc being renamed to Wendy's/Arby's Group, Inc, a change of leadership for both Arby's and Wendy's and the stock symbol changed to WEN. Former divisions (TDL Group, which operated Tim Hortons coffee stores in Canada and the United States from 1995 to 2009. TDL Group was spun off in 2006, but the ties to Wendy's as parent company were officially cut in June 2009), (Pasta Pomodoro – Wendy's 25 percent interest in Pasta Pomodoro was sold in December 2009).
• History: DWG years {The present-day Wendy's Company had several predecessors, the oldest of which (Deisel-Wemmer Co., a cigar manufacturer and importer based in Ohio) was founded in 1884. On January 23, 1929, Deisel-Wemmer incorporated as Deisel-Wemmer-Gilbert Corporation (DWG), after it was acquired by an investment group. DWG was a small firm, and to maintain market share, it purchased other small cigar companies like Odin cigars in 1930 and the Bernard Schwartz Cigar Corporation in 1939. The company changed its name to DWG Cigar Corporation on May 15, 1946. Another series of acquisitions began in 1948 with the Nathan Elson Company, followed by A. Sensenbrenner & Sons in 1955, and in 1956, Chicago Motor Club Cigar and Reading, Pennsylvania-based Yocum Brothers. With the decline of the cigar market due to medical advisories, many smokers switched to cigarettes, which were believed to be safer at the time. DWG streamlined cigar operations and began looking for other businesses that would suit DWG's wholesale and distribution strength. DWG sold or closed their remaining cigar operations in 1966. After a failed attempt at purchasing the Allegheny Pepsi bottling company in 1965, DWG Cigar changed its name to DWG Corporation. DWG used its cash from the cigar operation sale to purchase a 12% share in the National Propane Corporation. The New York Stock Exchange delisted DWG in 1967 Security Management Company, headed by Victor Posner, a major investor in DWG saw potential with the company as it was bold to sell its main operation. Posner saw it as a good takeover vehicle and became the controlling shareholder of DWG. Posner was the chairman of the board and president of every company that the Security Management Company owned. This included DWG and NVF, a vulcanized fiber manufacturer that controlled the other half of Posner's companies. NVF controlled Sharon Steel Corporation, one of the country's largest specialty steel manufacturers, which led to legal trouble. Posner sat on Sharon Steel's pension trustee board and directed the pension board to invest in Posner-owned properties. In 1971, the SEC sued, after which Posner agreed not to sit on any pension board of any of his companies. After more acquisitions from 1982 to 1985, DWG faced heavy debt. Posner approached one of his backers, Carl Lindner, Jr. for assistance, but by 1986, Lindner's American Financial Corporation had acquired warrants for more than 30% of DWG's shares. Linder did not exercise the warrants, but forced Posner to reduce his pay from DWG. Posner also started selling DWG assets, including Foxcroft, Enro and the citrus subsidiaries. DWG bought beverage company Royal Crown Cola and its fast food subsidiary Arby's through a hostile takeover in 1984. An investor that Posner contacted to help get Sharon Steel out of bankruptcy told Posner that his lawyer, Andrew Heine, was considering buying Fischbach Corp. Just short of Fischbach being sold, Heine's Granada Investments Company made a bid for DWG at $22 per share. Posner converted all DWG options into voting shares but was unable to vote them due to an Ohio judge's order. Granada sued Posner for not taking the bid seriously and Posner countersued, stating the bid had no merit. Posner lost the case in 1991 and was forced to pay $5.5 million to Granada. The judge also noted other investigations into illegal stock trading in the Fischbach acquisition and Posner's compensation, and added three court-appointed directors to DWG's board as audit, compensation, and intercorporate transactions committees. Posner stopped the appointed directors from presenting their report to the full board, forcing Judge Lambros to convert 50% of Security Management Company ownership in DWG to preferred shares and to sell the remaining common stock. Posner resigned as chair of DWG in 1992 and sold his shares to Trian Partners, a New York-based investment partnership led by Nelson Peltz and Peter May.[16] Shareholders agreed to drop their longstanding lawsuits, claiming that DWG had been "raided" and "stripped"}, Triarc {As part of its acquisition by Trian, DWG's name was changed to Triarc Companies, Inc in 1993. Peltz served as CEO of the company from 1993 through 2007, during which time the company sold several of its subsidiaries in order to focus on their food and beverage operations. In August 1995, Triarc purchased Mistic Brands, Inc. from Joseph Victori Wines, Inc. for $97 million. Triarc sold off its textile companies in 1997. In 1997, Triarc acquired Snapple Beverages from Quaker Oats for $300 million, three years after Quaker Oats had purchased Snapple from leveraged buyout firm Thomas H. Lee Partners in 1994 for $1.7 billion. Cable Car Beverage Corporation, maker of Stewart's Root Beer, was purchased by Triarc in November 1997 for $31 million in stock. Triarc sold National Propane Corporation in 1999. Snapple, Mistic, and Stewart's (formerly Cable Car Beverage) was sold by Triarc to candy company Cadbury Schweppes in 2000 for $1.45 billion In October of that same year, Cadbury Schweppes purchased Royal Crown from Triarc}, Wendy's/Arby's {On April 24, 2008, Triarc announced the acquisition of Wendy's International, the fast food company. The transaction was part of the company's strategy to transition from a holding company for numerous businesses into a true food and beverage company. The purchase was finalized on September 15, 2008, when shareholders of both Triarc and Wendy's agreed to the terms. As part of the terms, the name was changed to Wendy's/Arby's Group, Inc}, The Wendy's Company {In January 2011, the group announced it was divesting itself of the Arby's chain, which had seen lackluster sales growth since the acquisition of Wendy's in 2008. It was officially announced on January 20, 2011, that the group would seek a buyer for its Arby’s Group with 3,700 restaurants. On June 13, 2011, Wendy's/Arby's Group Inc. announced that it would sell the majority of its Arby's chain to Roark Capital Group, maintaining an 18.5% stake in the company. In August 2011, the Wendy's Company announced it would move its corporate headquarters from Sandy Springs, Georgia, to their Dublin Restaurant Support Center (Wendy's International's headquarters) in Dublin, Ohio. This resulted in 50 jobs being moved to Ohio. On December 1, 2011, the company announced it would close the Atlanta Restaurant Support Center in Sandy Springs and consolidate all headquarters operations to the Dublin Restaurant Support Center in Ohio. This resulted in an additional 170 jobs being moved from Sandy Springs to Dublin. On August 16, 2018, the Wendy's Company announced that it sold a 12.3% stake in Arby's parent Inspire Brands, which was formed after Arby's Restaurant Group bought Buffalo Wild Wings in February.*