Wendy's CEO Kirk Tanner Outlines Growth Strategies and Digital Success in Q1 2024 Earnings Call
Friday, 3 May 2024, 06:00
Wendy's Q1 2024 Earnings: Growth Strategies and Digital Success
In the Q1 2024 earnings call, Wendy's CEO Kirk Tanner discusses the company's momentum and growth strategies. The focus on breakfast and digital initiatives has driven high single-digit growth in U.S. breakfast sales and significant gains in digital sales. The company is on track to achieve global same-restaurant sales growth of 3% to 4% and plans for 2-plus percent net unit growth in 2024.
Key Highlights:
- Global Growth: Wendy's reports 90 basis points same-restaurant sales growth globally, with a focus on accelerating global net unit growth.
- Digital Success: Wendy's sees over 30% year-over-year increase in digital sales and plans to reach over $2 billion in global digital sales in 2024.
- Profitability and Expansion: The company aims to drive restaurant-level profitability and is set to open approximately 250 to 300 new restaurants in 2024.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.