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Wendys Co (WEN.OQ)

WEN.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

The Wendy'S Co probing likely fraudulent payment-card charges - Reuters
Wednesday, 27 Jan 2016 12:13pm EST 

The Wendy'S Co:Wendy's Co WEN.O said on Wednesday it was investigating reports of unusual activity with payment cards used at some of its 5,700 locations in the United States - RTRS."Reports indicate fraudulent charges may have occurred elsewhere after payment cards were legitimately used at some restaurants," Wendy's spokesman Bob Bertini told Reuters in an email statement. - RTRS."Until this investigation is completed, it is difficult to determine with certainty the nature or scope of any potential incident," Bertini said. "We have hired a cyber security firm to assist, but are not disclosing the name at this point." - RTRS.Security blog Krebs on Security first reported the development earlier in the day. - RTRS.  Full Article

The Wendy'S Co says Todd Penegor appointed President with plans to assume CEO role in 2016
Thursday, 17 Dec 2015 04:15pm EST 

The Wendy'S Co:Wendy's company begins planned CEO succession process.Says Todd Penegor appointed president with plans to assume CEO role in 2016.Says the company is currently conducting an external CFO search to succeed penegor.Brolick is expected to continue as chief executive officer until the transition of penegor's duties as chief financial officer.Says Brolick is expected to continue as chief executive officer until the transition of penegor's duties as chief financial officer.Says Brolick is also expected to continue to serve on the board of directors upon his retirement.  Full Article

The Wendy'S Co - Protesters for higher U.S. fast-food worker wages march in New York - RTRS
Tuesday, 10 Nov 2015 08:07am EST 

The Wendy'S Co:U.S. fast-food workers launched a nationwide protest in Brooklyn early Tuesday to argue for higher wages and union rights that they hope will catch the attention of candidates in the 2016 elections - RTRS.A couple hundred protesters marched down downtown Brooklyn's Fulton Street, blocking traffic, chanting "We are the workers, the mighty workers fighting for justice." - RTRS.Organizers of the Fight for $15 campaign say the protests will be followed by rallies in 500 cities by low-wage workers in such sectors as fast food and home and child care - RTRS.The protests and strikes are aimed at gaining candidates' support heading into the 2016 election for a minimum wage of $15 an hour and union rights, it said - RTRS.The strikes and protests will include workers from McDonald’s, Wendy’s, Burger King, KFC and other restaurants, the statement said - RTRS.The scheduled protests will take place as McDonald's is holding an investor meeting - RTRS.  Full Article

Wendy'S Co Authorizes 9 Percent Dividend Rate Increase
Wednesday, 28 Oct 2015 04:05pm EDT 

Wendy'S Co:Authorized a 9 percent increase in the quarterly cash dividend rate from 5.5 cents to 6 cents per share.The increase will be effective with the next quarterly cash dividend, which is payable Dec. 15, to shareholders of record as of Dec. 1.  Full Article

The Wendy'S Co faces food safety issues - The Times of India
Saturday, 19 Sep 2015 08:00pm EDT 

The Wendy'S Co:Wendy's has run into food-safety issues here after opening its first restaurant in Gurgaon - The Times of India.After a customer allegedly found a worm in a Wendy's burger a few months ago, the US-based chain recently had another customer, who allegedly discovered a pin in a burger patty served at its store in Gurgaon - The Times of India.Wendy's said the issue was brought to their notice and was resolved - The Times of India.After the worm issue, problems for Wendy's started when a 24-year-old man ordered two burgers at its store in Gurgaon's Sector 29.He said he had discovered the pin when he bit into one of the burgers - The Times of India.  Full Article

The Wendy's Co increasing FY 2015 adjusted EBITDA outlook; comments on adjusting FY 2015 same-restaurant sales outlook
Wednesday, 5 Aug 2015 07:30am EDT 

The Wendy's Co:Says that it is increasing FY 2015 Adjusted EBITDA outlook to $385 to $390 million.Says that it is adjusting FY 2015 same-restaurant sales outlook at Company-operated restaurants to 2.0 to 2.5 percent.  Full Article

The Wendy's Co declares regular quarterly cash dividend
Thursday, 30 Jul 2015 04:05pm EDT 

The Wendy's Co:Declares regular quarterly cash dividend of $0.055 per share.Payable on Sept. 15, to shareholders of record as of Sept. 1.  Full Article

Wendy's Co announces share repurchase program, closes sale of bakery operations
Wednesday, 3 Jun 2015 07:30am EDT 

Wendy's Co:Says company to commence $850 million share repurchase program today.Expects to use the remaining $550 million of its $1.4 billion share repurchase authorization before the end of 2016.Intends to repurchase shares with existing cash, cash flow from operations, proceeds of about $925 million from securitization refinancing.The company has closed on the previously announced sale of its bakery operations.  Full Article

East Balt Bakeries acquires Wendy's Co Bakery Business
Tuesday, 2 Jun 2015 04:01pm EDT 

Wendy's Co and East Balt Bakeries:Says completed a stock transaction under which East Balt has acquired Wendy's Zanesville, Ohio bakery business, The New Bakery Company, LLC.  Full Article

Wendy's Co prices $2.275 billion securitized financing facility
Tuesday, 19 May 2015 04:01pm EDT 

Wendy's Co:Has agreed to issue and sell $875 million of series 2015-1 3.371 pct fixed rate senior secured notes, class a-2-i.Has agreed to issue and sell $900 million of series 2015-1 4.080 pct fixed rate senior secured notes, class a-2-ii.Has agreed to issue and sell $500 million of series 2015-1 4.497 pct fixed rate senior secured notes, class a-2-iii.Says legal final maturity date of the notes is in june of 2045.Also intends to enter into a purchase agreement under which it will issue $150 million series 2015-1 class a-1 notes.Net proceeds from expected sale of notes will be used for repayment of existing senior secured indebtedness, transaction costs associated with refinancing, and general corporate purposes, including the return of cash to shareholders.Closing of sale of notes is expected to occur on June 1.  Full Article


Wendy's sales beat as more diners visit burger chain

Wendy's Co reported higher-than-expected quarterly sales as more diners visited the burger chain's outlets, despite a fall in grocery prices that has encouraged people to eat at home.