Wendys Co (NASDAQ:WEN) reported the grand launch of its 500th international restaurant site in Guatemala City, by franchise firm Alimentos Corporativos Coralsa. The respective franchise firm associated with the Wendy’s® system in 2015 and presently manages as many as 13 restaurants in Guatemala, engaging over 400 Wendy’s team members.
Todd Penegor, the CEO and President of Wendys, expressed that in the past year they have grown their global portfolio by over 60 net new restaurants. This is a remarkable achievement that they attribute to the strength of their partnerships and brand with dedicated and exceptional franchisees who are dedicated to advancing Wendys abroad. The launch of the 500th global restaurant in Guatemala in December follows recent launches of new international company’s locations in Indonesia, Japan, Malaysia, Brazil and Chile, to name a few.
Bob Wright, the EVP, COO & International of Wendys, expressed that they have a remarkable group of international franchise associates who play a vital role in the success and growth of their brand, and they are committed to helping them establish robust, profitable restaurant businesses. At Wendys, their objective is to delight all customers in every restaurant across the world. It’s this mutual commitment that has led in the successful growth of their global business.
The Wendy’s is the one of the leading quick-service hamburger companies in the world. Its system includes around 6,500 franchise and firm managed restaurants in the U.S. and 30 nations and U.S. territories globally. International restaurants within the company’s system are those based outside Canada and the U.S., and comprise restaurants in the United States’ territories of Puerto Rico, Guam and U.S. Virgin Islands.
In the last trading session, the stock price of Wendys declined 0.52% to close the day at $17.24. The decline came at a share volume of 4.78 million compared to average share volume of 3.49 million.