Fox Business - The Power to Prosper
Search Site

The Wendy's Company

Related Topics

  1. Burger King
  2. McDonald's
  3. Family Dollar Stores
  4. Krispy Kreme
  5. Jack in the Box
  6. Scott Thompson
Get updates on The Wendy's Company
McDonald's cuts Angus burgers from U.S. menu due to high beef prices

McDonald's Corp said on Thursday it is phasing out one-third pound Angus burgers from U.S. menus, an anticipated move that comes shortly after U.S. beef prices hit a 10-year high.The company in March said it was weighing the removal of its "premium" Angus burgers to make room for other food options."While these burgers will no longer be available in our restaurants, they may still play a future role on our menu," spokeswoman Danya Proud said.While prices for beef and other commodities have risen as a result of last summer's historic drought, overall food costs have not seen the sharp spike experts predicted.The U.S. Department of Agriculture's (USDA) wholesale beef market report on Thursday morning showed choice beef carcasses rising 24 cents per hundred pounds (cwt) to a record $204.91 per cwt above the previous record of $204.67 hit late on Wednesday.McDonald's and other chains have worked to offset higher beef costs by promoting chicken, which is less expensive than beef. To that en...

Read More ›

  1. Something's Fishy at Restaurants This Lent

    Fast-food chains are working harder this year to capitalize on the Catholic tradition of eating fish during Lent, as seasonal promotions become more crucial in the c...

  2. McDonald's Adds Egg Whites as Part of Breakfast Innovation

    McDonald's Corp. (MCD) is coming out with an egg-white McMuffin, as part of its plan to put more emphasis on its breakfast menu this year.McDonald's has long dominat...

  3. McDonald's Faces Another Challenging Month in February

    McDonald's Corp. (MCD) said Friday its same-store sales dropped 1.5% in February, given a tough comparison to last year, but the decline wasn't as bad as expected.Mc...

  4. McDonald's February sales fall less than feared, shares rise

    McDonald's Corp said on Friday that February sales at established restaurants fell less than expected in the United States and around the globe as customers continue...

  5. Wendy's Says New Value Menu is Hitting the Spot

    Wendy's Co. (WEN) says its new value menu has led to a "clear" step up in sales this year, at a time when other fast-food chains are struggling with consumers cuttin...

  6. Wendy's Revises 4Q Earnings Higher

    Wendy's (NASDAQ:WEN) revised its fourth-quarter earnings higher to reflect a lower estimate for a charge related to discontinuing some breakfast operations.The compa...

  7. Burger King 4th-Quarter Net Up 94% on Lower Expenses

    Burger King Worldwide Inc.'s (BKW) fourth-quarter profit jumped 94% as the hamburger chain recorded a sharp drop in expenses, outweighing a slump in revenue driven b...

  8. Trian Fund Reports No Stake in Kraft, Slashes State Street, Adds MeadWestvaco

    Financier Nelson Peltz's Trian Fund Management reported no position in the food company formerly known as Kraft Foods Inc. in a securities filing late Thursday, afte...

  9. Restaurant Chains Strike While the Coffee Is Cool

    Restaurant chains such as Burger King Worldwide Inc. (BKW) and Yum Brands Inc.'s (YUM) KFC are perking up their coffee menus, just as prices for arabica-coffee beans...

  10. Analysis: Beef price spike makes $1 McDouble harder to stomach

    McDonald's popular $1 McDouble cheeseburger, which has lured customers to the Golden Arches since 2008, is getting hard to sustain as rising beef prices threaten the...

  11. McDonald's Profit Up 1.4%; U.S. Business Rebounds

    McDonald's Corp. (MCD) eked out a 1.4% rise in profits in the fourth quarter, but warned its near-term growth will remain pressured by the struggling global economy ...

  12. McDonald's running low on quick fixes for U.S. sales

    McDonald's Corp is running out of quick-fix strategies for stemming declines in U.S. restaurant sales inflicted by tougher competition for customers who are pinching...

  1. McDonald's, Wendy's Battle for Value-Centric Customers

    McDonald's Corp. (MCD) and Wendy's Co. (WEN) are struggling to attract cost-conscious consumers who are demanding better deals than even these low-priced fast-food c...

  2. Wendy's 1Q Net Falls 83% on Charges

    Wendy's (NASDAQ:WEN) said Wednesday its first-quarter earnings tumbled 83% amid costs related to refreshing its restaurants and menu, while the fast-food chain saw i...

  3. Wendy's Names Kellogg Executive as New CFO, Replacing Steve Hare

    Wendy's Co. (WEN) said Steve Hare will step down as finance chief of the burger chain in September, and will be replaced by a Kellogg Co. (K) executive.Todd Penegor,...

  4. McDonald's Net Edges Up 0.3%; Comp Sales Fall

    McDonald's Corp.'s (MCD) first-quarter earnings grew just 0.3% as its revenue showed slight improvement, but same-store sales and margins declined.In the face of wea...

  5. McDonald's 1st-Quarter Net Edges Up 0.3%; Comp Sales Fall

    McDonald's Corp.'s (MCD) first-quarter earnings grew just 0.3% as its revenue showed slight improvement, but same-store sales and margins declined.In the face of wea...

  6. Burger King's Incoming CEO Anticipates No Changes in Strategy

    Burger King Worldwide Inc.'s (BKW) sales trends declined in the first quarter, but the chain's incoming chief executive says he will stick with its strategy to expan...

  7. Pizza Hut Bucking Healthier Trend With Cheesy Promotions

    Fancy squid ink pizza may sell in Japan, but U.S. consumers are happier with just a bunch of cheese on their crust--regardless of how fattening it might be.While man...

‹ Prev12345…Next ›
Freebase CC-BY
Source: The Wendy's Company on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL