Wendy’s is one of the most popular fast food chains in the US. The company is the third largest hamburger seller in America after BK & MCD. Today we’re answering some of the most asked questions about Wendy’s.
What is the net worth of Wendy’s?
As of August 2022, Wendy’s net worth is $4.47 billion.
How many restaurants does Wendy’s have?
Wendy’s has total 6,949 restaurants worldwide in 32 countries as of 2022. The company & its franchisees opened 210 new restaurants in 2021 & closed down 89 restaurants. Out of total restaurants, 5,938 are in US and the rest 1,011 are located in other countries.
How Wendy’s Makes Money?
Wendy’s makes money from two sources, one from sales at the company owned restaurants (5% of all restaurants) and two from fees & royalties paid by the franchisees.
Wendy’s franchisees are required to pay 4% of their total sales as to the company in addition of $50,000 technical asistance fees paid at the beginning.
Where Wendy’s produces its beef & chickens?
As of 2022, there are total 5 production facilities, supplying beef to Wendy’s, out of which three are independent producers. As of 2022, there are fifteen production facilities, supplying chickens to Wendy’s, out of which seven are independent producers.
How many employees work for Wendy’s?
As of 2022, the company has nearly 14,500 employees, of which two-thirds are part time & one-third are full-time.
Who Owns Wendy’s?
Wendy’s is owned by billionaire investors Nelson Peltz & Peter W. May, together they own more than 38% of the company. The duo aquired the company through Triarc Companies on September 15, 2008.
Blackrock & The Vanguard Group are other investors in the company with significant shareholding.
How much money does Wendy’s makes?
|Revenue||$1.89 billion (2021)|
|Operating Income||$109.18 million (2021)|
|Net Income||$200.39 million (2021)|
|Total Assets||$5.10 billion (2021)|
|Total Equity||$436.40 million (2021)|
How much Cash does Wendy’s have?
Wendy’s have total $249.43 million in cash & cash equivalents at the end of 2021. This is significantly down from previous years $306.98 million.
Wendy’s vs Burger King vs McDonald’s
|Sales||$11.1 billion||$10.5 billion||$45.5 billion|
|Revenues||$1.9 billion||$1.8 billion||$23.22 billion|
Top 5 Facts About Wendy’s
- 82% to 83% of the Wendy’s sales come from pick-up window sales, almost two-thirds of the company’s restaurants have pick-up windows feature.
- Wendy’s sales from its restaurants are generally higher in summers months than winter months.
- Wendy’s does not provides food or supplies to its franchisees.
- Wendy’s is named after Melinda Lou “Wendy” Thomas, fourth child of the company’s founder Dave Thomas.
- Wendy’s is world’s third largest hamburger fast-food chain after Burger King & McDonald’s.