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Bob Wright says Wendy's chased cost savings over quality, and lost its No. 2 spot to Burger King. Now he's rolling out a five-point fix.

Wendy’s (NASDAQ:WEN) shares dropped more than 14% in pre-market trading on Thursday after Reuters reported that Nelson Peltz’s Trian Fund Management has stepped back from pursuing a potential takeover of the fast-food restaurant chain. Citing people familiar with the matter, Reuters reported that Trian does not currently intend to make a bid to take Wendy’s private, reversing expectations that had helped drive the shares substantially higher earlier this month.

Investing.com -- Wendy's (NASDAQ: WEN) shares have dropped more than 14% in premarket trading Thursday after Reuters reported that Nelson Peltz's Trian Fund Management has stepped back from a potential buyout of the burger chain.

Investing.com -- Wendy's (NASDAQ: WEN) shares have dropped more than 14% in premarket trading Thursday after Reuters reported that Nelson Peltz's Trian Fund Management has stepped back from a potential buyout of the burger chain.

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High short interest in Wendy’s is fueling retail speculation about a potential short squeeze.

Trian was reportedly exploring a potential takeover of Wendy’s earlier this month with a group of investors including BlueFive Capital and Wendy’s franchisee Flynn Group.

With a takeover potentially off the table, investors will return their focus to the new CEO’s turnaround plan.

Investing.com -- Shares of The Wendy’s Co (NASDAQ:WEN) plunged 14.8% in after-hours trading Wednesday following reports that Nelson Peltz’s Trian Fund Management currently has no plans to make a take-private bid for the fast-food chain. According to reporting from Reuters, citing sources familiar with the matter, the hedge fund has stepped back from pursuing a buyout at this time. The sudden retreat unwinds momentum generated earlier this month when reports indicated Trian was preparing a consor

The RBI chain updated its breading, marinade, sauces and packaging in a comprehensive overhaul to make its nuggets juicier and crispier.

The fast-food chain has named the former McDonald’s marketing executive to a key role as it works on its comeback.

Bob Wright says Wendy's traded ingredient quality for cost savings and has hired a former McDonald's executive as its new marketing chief

Bob Wright said that the chain has traded quality for cost savings and that a former McDonald’s executive is joining as marketing chief.

Tariq Hassan will succeed Lindsay Radkoski, U.S. CMO since 2023, as the chain continues to execute a turnaround plan.

WEN's U.S. traffic falls 12.5% as its five-point reset targets menu value, branding, execution, digital engagement and restaurant economics.

Check out the companies making headlines yesterday:

Shares of fast-food chain Wendy’s (NASDAQ:WEN) jumped 5% in the afternoon session after Yahoo Finance reported that Nelson Peltz’s Trian Fund Management is assembling a group to take the company private. The burger chain also confirmed it is reviving its chief operating officer role as part of a wider management reset. The stock's rally reflects investor speculation about a potential buyout rather than a fundamental change in the company's day-to-day business, with the market treating the news a

Bernstein senior analyst of US restaurants Danilo Gargiulo illustrates how consumers are engaging with Wendy's (WEN) limited discount offers in the current economic environment.

Wendy's (NasdaqGS: WEN) announced the resignation of U.S. President Pete Suerken, who is leaving to join a major supply chain cooperative that serves the Wendy's system. The company is eliminating the U.S. President position and creating a new Chief Operations Officer role to oversee operational leadership. This leadership reshuffle is intended to reshape how Wendy's manages franchisee relations, supply chain coordination, and day to day operations. For readers watching how leadership...

Nelson Peltz is circling Wendy's with a take-private consortium even as the burger chain logs its sixth straight quarter of falling sales and shutters hundreds of restaurants. Whether deal fever or a genuine turnaround is driving this stock surge is the question every investor needs to answer before acting.

The burger chain is seeking an operations chief for its turnaround under CEO Robert Wright, after hundreds of closures and six quarters of tumbling traffic.

Peltz spent two decades helping shape Wendy's into the burger conglomerate it is today. Now he's considering buying the rest of the struggling chain.

Wendy stock is heavily shorted at the moment and underloved by analysts

Rumors that Trian Fund Management may take Wendy's private sent WEN shares up 15% in five days, raising questions about whether rivals Dine Brands and Jack in the Box could face similar buyout interest.

On August 7, Wendy’s (NASDAQ:WEN) held its second-quarter earnings call under new President and CEO Robert Wright, a Wendy’s veteran of 28 years who most recently ran Potbelly, joined by new CFO Steven Cirulis. Global systemwide sales fell 6.5%, and the company pulled its full-year outlook entirely. Wright did not soften the message: traffic is […]

Pete Suerken, who was named to the position last year, will return to his old job leading the fast-food chain’s supply chain co-op.

Zipline has completed 2 million deliveries in total since launch, giving the 2029 goal a steep ramp

Wrapping up Q2 earnings, we look at the numbers and key takeaways for the traditional fast food stocks, including Wendy's (NASDAQ:WEN) and its peers.

The burger’s overhaul, overseen by a corporate chef who had already worked magic at Popeyes, is helping propel a comeback.

Shares of Wendy’s Co. jumped Wednesday after the Financial Times reported that activist investor Nelson Peltz is laying groundwork for a bid to take the fast-food chain private. According to the report, Peltz’s Trian Fund Management is assembling a consortium...