How to simplify your life — and get rid of your stuff
We're filling our lives with so much junk that the U.S. now has more self-storage facilities than McDonald's, Wendy's, Burger Kings, Starbucks and Walmarts combined. That's around 50,000 storage complexes.Why it matters: We're overstuffed. And all that stuff often brings a lot more stress than joy. Get market news worthy of your time with Axios Markets. Subscribe for free.The big picture: Never in history have so many things been affordable for so many. Never in history has it been easier to swinews.yahoo.com
Fast-food giants cut value meals and cheaper items during the pandemic - and some, like Wendy's and McDonald's, are now pushing luxury burgers and pricier family combos instead
McDonald's scaled back its cheaper $1 $2 $3 menu, and has promoted more expensive combo deals instead, like its $10 BTS meal.news.yahoo.com
Applebee's franchisee bids to buy Pizza Hut's largest U.S. franchisee
NPC, which also operates Wendy's locations, said Friday that it has agreed to accept the bid and will seek approval from the bankruptcy court. The deal would give Flynn, the largest restaurant franchisee in the United States, control of NPC's 1,300 Pizza Hut and Wendy's restaurants and its shared services assets. Pizza Hut and Taco Bell are both owned by Yum Brands. Because of the number of locations up for sale, the outcome of the auction could have a drastic impact on Pizza Hut and Wendy's U.S. businesses. Pizza Hut is in the middle of a turnaround and has previously said that it is looking for a new owner with a "healthy balance sheet" and a "strong capital structure."cnbc.com
Wendy's breakfast nabs new customers as pandemic pushes consumers to break habits
The Breakfast Baconator and Seasoned Potatoes are part of the breakfast menu at Wendy's restaurants on March 2, 2020 in New York City. Wendy's has become the rare restaurant company to lure customers to its restaurants for breakfast even during the coronavirus pandemic. For fast-food restaurants, on the other hand, the abrupt transition has dragged down breakfast sales, even as their broader business recovers quickly. Reduced competition from Taco Bell and higher spending on marketing to boost awareness could be helping Wendy's breakfast sales. Despite Wendy's breakfast success, shares of the company were down more than 4% in afternoon trading after it fell short of analysts' revenue estimates.cnbc.com
McDonald's next move may depend on one fast-food rival's stock
Wendy's stock chart could forecast a lot for shares of McDonald's, MKM Partners chief market technician JC O'Hara told CNBC's "Trading Nation" on Wednesday. "If you look at Wendy's, the stock declined over 70% from its February highs to its March lows," he said. That recovery brought Wendy's out of a trading range from $12.50 to $15.50, which has now become an area of support for the stock, O'Hara said. Wendy's shares rallied nearly 8% to close at $16.04 on Wednesday, and it was up to $16.10 on Thursday's premarket. McDonald's shares climbed over 1% to close at $177.49 on Wednesday.cnbc.com
Wendy's withdraws outlook and draws down revolver as same-store sales plunge 20%
The Breakfast Baconator and Seasoned Potatoes are part of the breakfast menu at Wendy's restaurants on March 2, 2020 in New York City. Wendy's on Thursday announced measures to support its franchisees and its own liquidity as the coronavirus pandemic drives down its same-store sales by 20%. Wendy's anticipated that breakfast sales would eventually grow to at least 10% of its total daily sales. To support its franchisees, Wendy's is extending payments for royalties and marketing funds by 45 days for the next three months. Including the draw down of $120 million, Wendy's has about $340 million in cash.cnbc.com
Wendy's breakfast launches nationwide. Here's how it's trying to steal McDonald's customers
DUBLIN, OHIO -- In a crowded field of competition, Wendy's strategy to win over breakfast customers includes spending big on advertising and poking fun at rivals. Within the fast-food industry, breakfast is the only meal that is seeing more customers return to restaurants compared to a year ago. Breakfast accounted for 16% of fast-food chains' traffic in the 12 months ended Nov. 2019, according to data from the NPD Group. Other fast-food chains that serve breakfast are expected to step up their own marketing to compete with Wendy's. McDonald's, which has been trying to reverse weak breakfast traffic trends, started offering a national 2 for $4 promotion Feb. 24 on several of its breakfast sandwiches.cnbc.com
How Wendy's learned from its past mistakes to craft a better breakfast menu
Wendy's Breakfast Baconator being prepared Source: CNBCDUBLIN, OHIO -- As Wendy's readies itself to launch breakfast nationwide March 2, the chain is preparing to go head-to-head against rivals like McDonald's with a menu touting its quality. Three prior attempts to serve breakfast nationally over the last three decades failed to move past regional tests. This time around, Wendy's worked with franchisees to construct a simpler menu full of items with broad appeal and a few fun twists. Kurt Kane, Wendy's U.S. President and Chief Commercial Officer, in the Wendy's Innovation Center. Unlike past breakfast iterations, franchisees didn't have to pay for any new equipment.cnbc.com
Wendy's to launch breakfast nationwide in March
Wendy's announced Tuesday that it will start serving breakfast nationwide on March 2. "Our crew will be hand-cracking fresh eggs on all our breakfast sandwiches and leaning into the quality ingredients that have long set Wendy's apart from the competition," Wendy's U.S. President Kurt Kane said in a statement. McDonald's introduced two limited-time chicken breakfast sandwiches a week ago as it prepares to defend its market share of the breakfast category from the likes of Wendy's and Chick-fil-A. While Wendy's has failed in its past efforts to take its breakfast nationwide, the chain is investing about $20 million to support its U.S. stores in preparation for the launch. "We're in a much different position as a brand," Wendy's CEO Todd Penegor said in a December interview.cnbc.com
Wendy's does not need to beat McDonald's for its breakfast to succeed, analyst says
Wendy's foray back into breakfast can be a success without swiping considerable market share from McDonald's, Barclays' analyst Jeffrey Bernstein told CNBC on Friday. "I don't think they necessarily need to beat McDonald's," Bernstein said on "Power Lunch." "Wendy's is fighting a whole lot of players besides McDonald's, so we think the two of them can survive together," he added. Wendy's is launching its breakfast menu in the coming months, investing about $20 million to do so. Wendy's currently offers breakfast in around 300 of its restaurants.cnbc.com
Wendy's prepares for its upcoming breakfast launch by learning from past mistakes
Wendy's focus in 2020 is launching breakfast nationwide after decades of trying and failing. The day after Wendy's announced its breakfast plans in September 2019, its stock plummeted 10%. The fast-food chain has made three attempts over its history to serve breakfast nationwide, starting in the 1980s. Wendy's franchisees will also not have to foot the bill for equipment expenses, which previously could cost as much as $10,000. Wendy's plans to spread the news of its expansion into breakfast with a nationwide ad campaign.cnbc.com
Wendy's unveils its full breakfast menu
(CNN) - Wendy's has unveiled its full breakfast menu ahead of its launch early next year. Three are on croissants, including two options with eggs (sausage, egg and Swiss cheese or a bacon, egg and Swiss cheese) and and a maple bacon chicken croissant. For starters, Wendy's worked closely with franchises this time around and created a menu that doesn't require new equipment. If all goes well, Wendy's forecast breakfast sales to encompass 10% of its daily sales. Analysts have been skeptical of Wendy's breakfast ambitions because of the costs.
Wendy's CEO to Jim Cramer: 'We have a menu that can compete' in breakfast
"We have a menu that can compete, a low-investment and a high-return model for our franchise community," Penegor said in a "Mad Money" interview. The breakfast menu includes the Breakfast Baconator, Frosty-ccino and Honey Butter Chicken Biscuit. The Breakfast Baconator is a cousin to Wendy's well-known Baconator burger on the lunch menu substituting eggs for the burger meat. To support the breakfast service, Wendy's will go on a hiring spree, adding 20,000 people to its staff. Wendy's had about $1.59 billion in sales and 59 cents earnings per share in 2018, according to FactSet.cnbc.com
Here's what Wendy's is offering for breakfast
The company said Monday that its taking breakfast nationwide next year with a new menu inspired by its afternoon menu and, obviously, includes a Frosty made for breakfast. Wendy's released a portion of its new breakfast menu. The new offerings announced this week include some of the same items Wendy's currently offers in the 300 stores that sell breakfast. Expanding breakfast to nearly 6,000 stores nationwide will initially cost Wendy's about $20 million. Several of Wendy's competitors have revamped their breakfast menus within the past year to some success.
Wendy's to introduce breakfast across US next year
Breakfast is an important meal for fast food chains. Currently, Wendy's offers breakfast, including a bacon sandwich and a honey butter chicken biscuit, at about 300 locations. Menu innovations have helped boost Wendy's sales. Wendy's is not the only fast food chain focusing on breakfast. Dunkin' has tried out breakfast bowls and sandwiches, and is testing a breakfast sandwich featuring a plant-based sausage in its New York City stores.
Brands beef about who has best chicken sandwich
MIAMI, Fla. - Welcome to 2019, when everything is made up and brands fight on Twitter about which has the best chicken sandwich. Over the past 36 hours, a feedback loop of sassy brand tweets from fast food chains has caused major upheaval among the chicken sandwich factions. When recounting the Great Chicken Sandwich War to our grandchildren, our Boston Tea Party, our assassination of Archduke Franz Ferdinand, will be Popeyes' announcement of a new chicken sandwich. The more productive theater of the Chicken Sandwich War has played out among Twitter's paladins, with random users dragging Bojangles' and invoking the unassailable opinions of the ultimate chicken sandwich deciders: their grandmothers. After all, a chicken sandwich can represent so much: regional preferences, class divisions, cultural traditions.
Man breaks in to rob a Florida Wendy's, makes himself dinner first
CNN image(CNN) - He's the "modern day Hamburglar," police say, and he was caught on camera making himself a burger before robbing a Florida Wendy's. Patrick Benson, 34, was arrested Saturday and charged with burglary, grand theft and attempted burglary, according to a news release from the Martin County Sheriff's Office. Security footage at the Jensen Beach restaurant appears to catch Benson in the act and also reveals a strange part of his process. "The suspect has been successful at forcing his way into two restaurants cooking himself some dinner -- then stealing what he can't consume," the sheriff's office said Friday. Images from security footage brought in many tips on the identity of the man dubbed the Hamburglar, the office said.
Wendy's has finally announced when spicy chicken nuggets are coming back
It's been a long time coming, but Wendy's has officially announced when the beloved spicy chicken nuggets will return to our hearts and stomachs. Sure, the normal chicken nuggets at Wendy's are delicious, but nothing can compare to the spicy nuggets, especially if you're a fan of spicy food. The people in charge say if you guys can get our tweet (this one right here) to 2 Million likes, they will bring SPICY CHICKEN NUGGETS BACK. https://t.co/qrtvWXjj9V Wendy's (@Wendys) May 4, 2019Well, my fellow spicy chicken nugget aficionados, you won't have to wait much longer because Wendy's announced that we can expect the nuggets to return Aug. 19. From changing laws in our country to advocating for spicy chicken nuggets, anything is possible.