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General Discussion

getagrip_already

(16,924 posts)

1. Uhmm, really?

Reply to RandySF (Original post)

Mon May 6, 2024, 05:03 PM

May 2024

Wendy's (NASDAQ:WEN) Full Year 2023 Results
Revenue: US$2.18b (up 4.1% from FY 2022). Net income: US$204.4m (up 15% from FY 2022). Profit margin: 9.4% (up from 8.5% in FY 2022).

As President and CEO at WENDY'S CO, Todd A. Penegor made $8,005,313 in total compensation. Of this total $1,134,384 was received as a salary, $1,588,725 was received as a bonus, $2,099,999 was received in stock options, $3,149,967 was awarded as stock and $32,238 came from other types of compensation. This information is according to proxy statements filed for the 2022 fiscal year.

They changed ceos in 2023, I couldn't find his comp, but it was likely similar.

This doesn't look like a company in trouble. More like they are just rotating out unprofitable stores.

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31 replies

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Highlight:

Wendy's Shutting Doors Across America, Is the Chain in Trouble? [View all] RandySF May 2024 OP

Uhmm, really? getagrip_already May 2024 #1

Probably not even unprofitable stores... W_HAMILTON May 2024 #10

Article clearly states they will open 250-300 new stores. BS article. nt okaawhatever May 2024 #11

Article should be removed. Pure propaganda. nt okaawhatever May 2024 #17

I agree RandiFan1290 May 2024 #31

Franchisees, food and labor costs, employees, prices bucolic_frolic May 2024 #2

Bizarre headline when they're opening more stores than they're closing. unblock May 2024 #3

Where's the beef ? DoBW May 2024 #7

A lot of Wendy's locations are aging and in need of renovation Trekologer May 2024 #9

I stopped at request of coworkers to pick them up a (basic) chicken sandwich: almost $8 hlthe2b May 2024 #4

It's not folding. It's adding 250-300 stores in 2024 and closing 100. Sales, profits, and margins are all up. nt okaawhatever May 2024 #12

If they keep charging almost $8 for a crappy over-cooked chicken sandwich, it won't be long... hlthe2b May 2024 #13

Wendy's in my area charges $5.49 and KFC charges $5.29. nt okaawhatever May 2024 #15

So? Good for you. There are regional differences. hlthe2b May 2024 #16

Yes there are, but generally ALL prices are higher or lower in certain areas. Please just post proof of your claim and I okaawhatever May 2024 #18

How DARE YOU! You accuse me of making it up and demand Proof! You have no business hlthe2b May 2024 #25

How dare you make false statements on DU and refuse to back them up. DU prioritizes honesty, as do I. nt okaawhatever May 2024 #27

I used to love their chili. The I got sick, Local tv station reported that they were putting all their unsold cooked debm55 May 2024 #24

In trouble a net gain of 150-200 stores? doc03 May 2024 #5

They lost me when they discontinued the Greek pita sandwich Ritabert May 2024 #6

Sounds like they're dumping company stores and selling more franchises. marble falls May 2024 #8

to pick a location is always a roll of the dice dembotoz May 2024 #14

I went to a Wendy's Sat morning tonekat May 2024 #19

Food delivery apps SocialDemocrat61 May 2024 #20

I would have thought they were at the most 3rd dsc May 2024 #21

Doesn't say based on what. unblock May 2024 #26

Maybe if they could get an order right mercuryblues May 2024 #22

Never go through the drive-up window. Redleg May 2024 #23

Nonono, not my lunch salads! tavernier May 2024 #28

It used to be a go to for me after work Horse with no Name May 2024 #29

Here's a link to the unsentionaliized original article Kaleva May 2024 #30