Wendy's CEO plans menu innovations and AI drive-throughs to boost stock price by 2025
From Yahoo Finance: 2025-03-21 08:51:00
Wendy’s CEO Kirk Tanner is implementing new menu items like thick-cut bacon burgers, robot-powered drive-throughs, and breakfast innovations to boost the restaurant chain’s stock price. The company plans to introduce new chicken sandwiches, thick-cut bacon burgers, and breakfast beverages later in 2025, with 500 AI-powered drive-throughs by the end of the year. Despite Wendy’s recent stock drop, the chain saw a 1.4% increase in US same-store sales last year. Industry competition remains fierce, with McDonald’s and Chipotle outperforming Wendy’s in the market. Analysts caution that innovation will be crucial for Wendy’s success in the future. 1. The United Nations reports that the global population is expected to reach 9.7 billion by 2050, with most of the growth occurring in Africa and Asia.
2. Researchers have found that the Amazon rainforest is losing its ability to absorb carbon dioxide, posing a threat to efforts to combat climate change.
3. The World Health Organization declares the Ebola outbreak in the Democratic Republic of Congo a public health emergency of international concern.
4. The US economy grew at a slower rate than expected in the second quarter, with GDP increasing by 2.1% instead of the projected 2.5%.
5. The US Department of Justice announces a new antitrust investigation into major tech companies, including Google, Facebook, and Amazon, to examine their market dominance and impact on competition.
Read more at Yahoo Finance: Wendy’s CEO dishes on thick-cut bacon, egg prices, and AI-powered drive-throughs for 2025