Wendy's is the third largest hamburger chain in the world with 6,482 restaurants in the U.S. and 28 countries and territories.
A subsidiary, Wendy’s International, Inc., is the franchisor of the Wendy’s restaurant system.
Wendy's is best known for selling fresh hamburgers -- never frozen -- along with chicken sandwiches, salads, frosty desserts and chili.
The company is working on remodeling many of its restaurants.
In 2015, Wendy's reported revenues of $1.87 billion, down from $2.0 billion. The decrease was the result of fewer company-owned restaurants. Net income was $161.1 millon in 2015.
The company plans to sell 315 company-owned restaurants in 2016 and hopes to add another 1,000 restaurants into its system by 2020.
In 2015, Wendy's began offering a 4-for-4 promotion which includes Jr. Bacon Cheeseburger, 4 piece Chicken Nuggets, small French Fries and soda for $4.
The company reported average sales of $1.54 million per restaurant in the U.S. in 2015.
Emil Brolick is retiring as CEO in May and will be replaced by President and CFO Todd Penegor.
The company said it plans to introduce self-serve ordering kiosks at all restaurants nationwide due to increasing minimum wage in many states.
The company was founded by Dave Thomas who opened the first Wendy's Old Fashioned Hamburgers restaurant on Nov. 15, 1969 in Columbus, OH. The restaurant was named after one of his daughters. Thomas was already a successful entrepreneur who had owned several KFC restaurants. He focused on providing fresh, made-to-order hamburgers for customers. Thomas appeared in many of the chain's TV commercials before passing away in 2002.
In 2006, Wendy's spun off Tim Horton's - a donut chain with over 2,700 outlets in Canada and 300+ in the U.S. -- in an IPO. It also sold off the Baja Fresh chain for $31 million.
Triarc Companies, owner of the Arby's chain, acquired Wendy's in September 2008 for $2.4 billion in stock. The combined company was renamed Wendy's/Arby's Group.
Wendy's introduced a newly designed cheeseburger in 2011 called Dave's Hot and Juicy Cheesburger with a butter-toasted bun and fresh toppings.
The company was formerly known as Wendy's/Arby's Group but sold the Arby's chain to Roark Capital Group in July 2011. The company changed its name to Wendy's and still has an 18.5% stake in Arby's. The company moved its headquarters back to Dublin, OH in 2012 where it was originally located from Atlanta.
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Updated May 15, 2016