Wendy's Benefits from Discount Appeal

2 months ago

Paul Sweeney

"Wendy's ticker DN. Um, their share has been higher up as much as 7%. So, looks like fast food is doing better. People are looking for deals. Um, their sales beat estimates, declining less than expected. Um, yeah, they're looking for discounted meals. The company is still looking for a CEO, which is interesting. Um, Kirk Tanner had left, so they have an interim CEO, Ken Cook. He's kind of pulling double duty, CFO and C and COO at the same time."

The discussion on Wendy's notes a modest share increase of about 7% buoyed by sales beating estimates and consumer preference for discounted meals, despite leadership transitions with an interim CEO handling multiple roles.