CEO Weekly
No Result
View All Result
  • Business
  • News
    Coinbase announces plan to cut off 20% of workforce

    Coinbase announces plan to cut off 20% of workforce

    Global economy will weaken

    Global Economy will Suffer in the Next Decade says Economist

    Raskin said former president Trump needs to face his crimes

    Raskin: Trump Should be Held Accountable

    Covid tests for free

    Covid Test Kits to be Handed out for Free

    US Economy

    GDP Growth In The US Economy Expanding By 3.2%, But Will There Be Recession Early In 2023?

  • Politics
    Allen Weisselberg to get 5 month jail time

    Allen Weisselberg to get 5 month jail time

    Biden's documents spurns uproar from GOP

    Biden’s documents spurns uproar from GOP

    House Speaker voting is under way

    House Speaker Election has Commenced

    President Joe Biden visits the US-Mexico border for the first time

    President Joe Biden visits the US-Mexico border for the first time

    Prevalence of Antisemitism Sends Fears Among Jewish Community

    Prevalence of Antisemitism Sends Fears Among Jewish Community

  • Leadership
    Leaders Should Avoid Overwork Their Employees: Signs to Keep in Mind

    Leaders Should Avoid Overwork Their Employees: Signs to Keep in Mind

    Emotional Intelligence is the Secret to Leadership in Times of Crisis

    Emotional Intelligence is the Secret to Leadership in Times of Crisis

    Bolsonaro, da Silva to Head for a Second Round of Elections

    Bolsonaro, da Silva to Head for a Second Round of Elections

    Team Made Real Estate Proves that Teamwork Does Make the Dream Work

    Team Made Real Estate Proves that Teamwork Does Make the Dream Work

    Poland and South Korea Signs Deal to Replenish Polish Military Arsenal

    Poland and South Korea Signs Deal to Replenish Polish Military Arsenal

  • Entertainment
    Matt Reeves to carry The Batman over under new DC heads

    Matt Reeves to carry The Batman over under new DC heads

    Taylor Swift is Now the Most Awarded Artist at the AMAs

    Taylor Swift is Now the Most Awarded Artist at the AMAs

    Adult Swim confirms separation from Justin Roiland

    Adult Swim confirms separation from Justin Roiland

    WWE witnesses a change in leadership with Stephanie resigning

    WWE witnesses a change in leadership with Stephanie resigning

    Avatar will air this week and experts expect it to perform well

    Avatar 2 Movie Slated for a Strong Opening

  • Lifestyle
    Glavisio Skin

    Glavisio Skin & Beauty: The Future of Skincare

    Children could get more dangerous illnesses according to new study

    Children could get more dangerous illnesses according to new study

    Pfizer confirmed not to carry stroke risks

    Pfizer confirmed not to carry stroke risks

    Drinking: steps you can take to finally quit

    Drinking: steps you can take to finally quit

    Baby food manufacturers urged to lower lead levels

    Baby food manufacturers urged to lower lead levels

  • Contact Us
No Result
View All Result
CEO Weekly
No Result
View All Result
  • Business
  • News
  • Politics
  • Leadership
  • Entertainment
  • Lifestyle
  • Contact Us
  • Business
  • News
  • Politics
  • Leadership
  • Entertainment
  • Lifestyle
  • Contact Us
Menu
  • Business
  • News
  • Politics
  • Leadership
  • Entertainment
  • Lifestyle
  • Contact Us
CEO Weekly
Search
Close
Home Business

Wendy’s stocks increased by 15% following announcement of future deals with Trian Partners

Joseph Brown by Joseph Brown
May 30, 2022
in Business
Wendy’s stocks increased by 15% following announcement of future deals with Trian Partners
Share on Facebook

Image Source: Restaurant Clicks

Wendy’s is on a roll. The burger chain saw a 15% increase in its stocks after Trian, its largest stakeholder, announced that they would discuss future deals with the company.

Trian Partners has filed a hedge fund, stating that they aim to “enhance shareholder value.” The multibillion-dollar investment management firm holds about 19% of Wendy’s company shares.

The firm was able to gather advisors and managers together who discussed strategies with Wendy’s higher-ups regarding options, plans, and strategies.

Management at Wendy’s announced that they are open to any proposal since the company’s goal is “to maximize value for all stockholders.” They went on further, saying that their board will carefully consider any bids from Trian.

Nelson Peltz is acting CEO and the founder of Trian Partners. He assumed stocks from Wendy’s back in 2005. “At that time, Wendy’s was one of America’s most beloved brands, but the business had lost its way after the passing of its founder Dave Thomas,” recalling how they decided to assume some stocks from the chain.

Currently, Trian owns three seats on the board, one held by its CEO.

Wendy’s has over 7,000 locations across the United States. During the first quarter this year, they had increased sales by 2.4%. The company has also declared a net income of $37.4 million, or roughly 16 cents per share).

The recorded quarterly revenue is down by 10% less when compared to last year’s figure of $41.4 million.

Trian continues to help the fast-food chain develop its brand. According to Titan, Wendy’s should continue to improve its operations and solidify its brand among consumers.

Over the years, the company has tried to experiment with its menu to provide variety to its customers, including offering its own breakfast menu in March 2020. However, the plan of the company to outperform fast-food giants like McDonald’s and Burger King was put at a standstill after the COVID-19 pandemic

When the US government imposed lockdown restrictions on Wendy’s, their sales plummeted, the same as any other business in the country.

Despite the problems, Wendy’s continued to serve their customers. Now that restrictions have eased, the possibilities are now opening for the company – the recent announcement by their shareholder, Trian Partners, is an example.

Amid worsening inflation rates, BMO Capital Markets downgraded Wendy’s market stocks, lowering the price target from $28 to $22. Following the announcement by BMO, Wendy’s saw a 2.5% drop in its stocks.

Management at Wendy’s is hopeful that Trian will help them recover from these losses. They have not announced how the fund would work, but it should make conditions better for the company.


Read also: The Best Wild Burger


Tags: Featured

Opinions expressed by CEO Weekly contributors are their own.
Previous Post

Hungry Hippos on Building a Community and Facilitating Success for Go-Getters in the NFT Realm

Next Post

Rogelio Bonola, The Come-Up And Rise To Success No One Saw Coming

Joseph Brown

Joseph Brown

Hello, I am Joseph. I have been working as a copywriter in an online magazine firm for 10 years.

Next Post
Rogelio Bonola, The Come-Up And Rise To Success No One Saw Coming

Rogelio Bonola, The Come-Up And Rise To Success No One Saw Coming

Please login to join discussion

Recent News

Global Media to Further Empower Women: insights from Lyubov Tsokolo, the SUPER MAMA International magazine founder

Global Media to Further Empower Women: insights from Lyubov Tsokolo, the SUPER MAMA International magazine founder

January 30, 2023
Ree Creative

Brand Rejuvenation and Elevation are Just a Phone Call Away Thanks to Ree Creative

January 30, 2023
Glavisio Skin

Glavisio Skin & Beauty: The Future of Skincare

January 30, 2023
ChatGPT proves to be valuable asset in real estate

ChatGPT proves to be valuable asset in real estate

January 30, 2023
Children could get more dangerous illnesses according to new study

Children could get more dangerous illnesses according to new study

January 30, 2023
Leaders Should Avoid Overwork Their Employees: Signs to Keep in Mind

Leaders Should Avoid Overwork Their Employees: Signs to Keep in Mind

January 30, 2023
Matt Reeves to carry The Batman over under new DC heads

Matt Reeves to carry The Batman over under new DC heads

January 30, 2023
Coinbase announces plan to cut off 20% of workforce

Coinbase announces plan to cut off 20% of workforce

January 30, 2023
Pfizer confirmed not to carry stroke risks

Pfizer confirmed not to carry stroke risks

January 30, 2023
Drinking: steps you can take to finally quit

Drinking: steps you can take to finally quit

January 30, 2023
Bolsonaro, da Silva to Head for a Second Round of Elections

Bolsonaro, da Silva to Head for a Second Round of Elections

January 30, 2023

Image Source: Restaurant Clicks

Wendy's is on a roll. The burger chain saw a 15% increase in its stocks after Trian, its largest stakeholder, announced that they would discuss future deals with the company.

Trian Partners has filed a hedge fund, stating that they aim to "enhance shareholder value." The multibillion-dollar investment management firm holds about 19% of Wendy's company shares.

The firm was able to gather advisors and managers together who discussed strategies with Wendy's higher-ups regarding options, plans, and strategies.

Management at Wendy's announced that they are open to any proposal since the company's goal is "to maximize value for all stockholders." They went on further, saying that their board will carefully consider any bids from Trian.

Nelson Peltz is acting CEO and the founder of Trian Partners. He assumed stocks from Wendy's back in 2005. "At that time, Wendy's was one of America's most beloved brands, but the business had lost its way after the passing of its founder Dave Thomas," recalling how they decided to assume some stocks from the chain.

Currently, Trian owns three seats on the board, one held by its CEO.

Wendy's has over 7,000 locations across the United States. During the first quarter this year, they had increased sales by 2.4%. The company has also declared a net income of $37.4 million, or roughly 16 cents per share).

The recorded quarterly revenue is down by 10% less when compared to last year's figure of $41.4 million.

Trian continues to help the fast-food chain develop its brand. According to Titan, Wendy's should continue to improve its operations and solidify its brand among consumers.

Over the years, the company has tried to experiment with its menu to provide variety to its customers, including offering its own breakfast menu in March 2020. However, the plan of the company to outperform fast-food giants like McDonald's and Burger King was put at a standstill after the COVID-19 pandemic

When the US government imposed lockdown restrictions on Wendy's, their sales plummeted, the same as any other business in the country.

Despite the problems, Wendy's continued to serve their customers. Now that restrictions have eased, the possibilities are now opening for the company – the recent announcement by their shareholder, Trian Partners, is an example.

Amid worsening inflation rates, BMO Capital Markets downgraded Wendy's market stocks, lowering the price target from $28 to $22. Following the announcement by BMO, Wendy's saw a 2.5% drop in its stocks.

Management at Wendy's is hopeful that Trian will help them recover from these losses. They have not announced how the fund would work, but it should make conditions better for the company.


Read also: The Best Wild Burger


No Result
View All Result
  • Business
  • News
  • Politics
  • Leadership
  • Entertainment
  • Lifestyle
  • Contact Us

© 2022 CEO Weekly. All Rights Reserved

CEO Weekly

  • Contact Us
Menu
  • Contact Us

Legal

  • Terms and Conditions
  • Privacy Policy
Menu
  • Terms and Conditions
  • Privacy Policy

Sitemap

  • Business
  • News
  • Politics
  • Leadership
  • Entertainment
  • Lifestyle
Menu
  • Business
  • News
  • Politics
  • Leadership
  • Entertainment
  • Lifestyle

Connect with Us

Get our latest stories in the feed of your favorite networks

Connect with Us

Get our latest stories in the feed of your favorite networks

Stay In The Know

Subscribe for the latest PR advice.

SUBSCRIBE TODAY
CEO Weekly​ is part of a NewsAnchored Network Publication.
© 2023 CEO Weekly​. All Rights Reserved
  • Artist Weekly
  • Atlanta Wire
  • California Gazette
  • California Observer
  • CEO Weekly
  • Celebrity News
  • Chicago Journal
  • Coin Week
  • Economic Insider
  • Entertainment Monthly News
  • Entertainment Post
  • Famous Times
  • Influencer Daily
  • LA Wire
  • Market Daily
  • Meta Digest
  • Miami Wire
  • Music Observer
  • Net Worth
  • NY Weekly
  • NY Wire
  • Portland News
  • San Francisco Post
  • Texas Today
  • US Business News
  • US Insider
  • US Reporter
  • Voyage NY

CEO Weekly

  • Contact Us
  • Contact Us

Legal

  • Terms and Conditions
  • Privacy Policy
  • Terms and Conditions
  • Privacy Policy

Sitemap

  • Business
  • News
  • Politics
  • Leadership
  • Entertainment
  • Lifestyle
  • Business
  • News
  • Politics
  • Leadership
  • Entertainment
  • Lifestyle

Connect with Us

Get our latest stories in the feed of your favorite networks

Connect with Us

Get our latest stories in the feed of your favorite networks

Stay In The Know

Subscribe for the latest PR advice.

SUBSCRIBE TODAY
CEO Weekly​ is part of a NewsAnchored Network Publication.
© 2023 CEO Weekly​. All Rights Reserved
  • Artist Weekly
  • Atlanta Wire
  • California Gazette
  • California Observer
  • CEO Weekly
  • Celebrity News
  • Chicago Journal
  • Coin Week
  • Economic Insider
  • Entertainment Monthly News
  • Entertainment Post
  • Famous Times
  • Influencer Daily
  • LA Wire
  • Market Daily
  • Meta Digest
  • Miami Wire
  • Music Observer
  • Net Worth
  • NY Weekly
  • NY Wire
  • Portland News
  • San Francisco Post
  • Texas Today
  • US Business News
  • US Insider
  • US Reporter
  • Voyage NY

CEO Weekly

  • Contact Us
  • Contact Us

Legal

  • Terms and Conditions
  • Privacy Policy
  • Terms and Conditions
  • Privacy Policy

Sitemap

  • Business
  • News
  • Politics
  • Leadership
  • Entertainment
  • Lifestyle
  • Business
  • News
  • Politics
  • Leadership
  • Entertainment
  • Lifestyle

Connect with Us

Get our latest stories in the feed of your favorite networks

Stay In The Know

Subscribe for the latest PR advice.

SUBSCRIBE TODAY
CEO Weekly is part of a NewsAnchored Network Publication.
© 2023 CEO Weekly.
All Rights Reserved
  • Artist Weekly
  • Atlanta Wire
  • California Gazette
  • California Observer
  • CEO Weekly
  • Celebrity News
  • Chicago Journal
  • Coin Week
  • Economic Insider
  • Entertainment Monthly News
  • Entertainment Post
  • Famous Times
  • Influencer Daily
  • LA Wire
  • Market Daily
  • Meta Digest
  • Miami Wire
  • Music Observer
  • Net Worth
  • NY Weekly
  • NY Wire
  • Portland News
  • San Francisco Post
  • Texas Today
  • US Business News
  • US Insider
  • US Reporter
  • Voyage NY