What's helping Wendy's despite the Reef slowdown

August 12, 2022 00:07:21
What's helping Wendy's despite the Reef slowdown
First Bite
What's helping Wendy's despite the Reef slowdown
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Hosted By

Holly Petre

Show Notes

Wendy’s reported its second-quarter earnings on Wednesday morning and the big news to come out of it was the chain’s downsizing of its partnership with Reef Technology, the embattled third-party ghost kitchen provider.

Mainly, the chain found that Reef’s new strategy, which changed in light of some labor practices, wasn’t working for the quick-service brand.

Despite that news, same-store sales were still up 3.7% at Wendy’s, with an increase of 2.3% domestically and 15.2% internationally.

NRN senior editor Ron Ruggless has more on the story.

Plus, catch up on all the top news of the day with our daily news recap at the beginning of each episode.

Be sure to subscribe to First Bite wherever you get your podcasts or on CastosSpotify, or Apple Podcasts.

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