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THE WENDY'S COMPANY

(WEN)
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Wendy : Has Arrived In The United Kingdom

06/21/2021 | 12:29pm EDT
Wendy's is in the UK! See the Highlights of the Reading Restaurant Opening

Tell the Clown, the King and the Colonel to look out-there's a new redhead in town!

After much anticipation, Wendy's® returned to the United Kingdom on June 2 in Reading, approximately 50 miles west of London. The restaurant opened at noon local time for lunch, and excited fans started forming a queue outside in the early morning hours (around 4:00 am!). To show our appreciation for the warm welcome, Wendy's classic Frosty® treat was served to those who were waiting patiently to get their hands on our freshly prepared menu items. Fun opening day fact: the most popular menu item sold was the Baconator®!

You might be asking yourself, why did Wendy's decide to return to the UK now? Well, simply put, we feel this is the right time because we know UK consumers are looking for high-quality, great tasting food that they've been missing. We know the British public wants great burgers, but there is a gap in the category for fresh-made, high quality food at affordable prices. We are excited to serve our most popular menu items from the U.S., while also serving exclusive UK menu items, including meat-free options like the Veggie Stack (which is also square!), Veggie Bites and the Avocado Veggie Salad. All menu items are made-to-order and everything on the menu is customizable.

So then, why Reading? We selected Reading because it's a great community with a strong employee base that is also near a major transportation hub, offering the right amount of foot traffic across all dayparts. That's right - this restaurant is open for breakfast, lunch and dinner. If you are a Wendy's fan in the UK but not close to Reading, don't worry! We'll continue to make our mark on British soil by opening four additional restaurants in the second half of the year, in areas such as Stratford in East London and Oxford.

The Reading restaurant has been designed with the Wendy's customer top of mind. You can't miss the three-foot tall, bronze statue of Wendy's signature Frosty that sits above the entrance of the building. The interior offers a fun, welcoming atmosphere with custom design finishes that embrace Wendy's brand heritage.

Disclaimer

The Wendy's Company published this content on 21 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2021 16:28:06 UTC.


© Publicnow 2021
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Sales 2021 1 893 M - -
Net income 2021 185 M - -
Net Debt 2021 2 139 M - -
P/E ratio 2021 27,1x
Yield 2021 1,91%
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EV / Sales 2021 3,77x
EV / Sales 2022 3,74x
Nbr of Employees 9 334
Free-Float 40,2%
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Technical analysis trends THE WENDY'S COMPANY
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 28
Last Close Price 22,39 $
Average target price 26,94 $
Spread / Average Target 20,3%
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Managers and Directors
Todd A. Penegor President, Chief Executive Officer & Director
Gunther Plosch Chief Financial Officer
Nelson Peltz Non-Executive Chairman
J. Kevin Vasconi Chief Information Officer
Leigh A. Burnside Chief Accounting & Administrative Officer
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