Wendys Co (WEN): Rebound from Support
WEN rebounded from the support after forming 2 Dragon Fly Doji with a bullish confirmation on a weekly chart. WEN has a nice trading range between $9.00 and $12.00. Next Earning date on Aug 10 BMO.
Original post from https://mystocksinvesting.com
About Wendys Co (WEN):
The Wendy’s Company, incorporated on May 6, 1994, is the parent company of its subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is the restaurant company specializing in the hamburger sandwich segment. Wendy’s is engaged in the business of operating, developing and franchising a system of quick-service restaurants serving food. The Company operates approximately 6,080 Wendy’s restaurants in North America. Of these restaurants, over 630 are operated by Wendy’s and over 5,440 by approximately 390 franchisees. It also operates approximately 400 franchised Wendy’s restaurants in over 30 countries and territories other than North America.
Wendy’s is also a partner in a Canadian restaurant real estate joint venture with a subsidiary of Restaurant Brands International Inc., a quick-service restaurant company that owns the Tim Hortons brand. The joint venture owns Wendy’s/Tim Hortons combo units in Canada. The Company operates over 100 Wendy’s restaurants owned by the joint venture. Each Wendy’s restaurant offers a menu specializing in hamburger sandwiches and filet of chicken breast sandwiches, which are prepared to order with the customer’s choice of condiments. Wendy’s menu also includes chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, Frosty desserts and kids’ meals. In addition, the restaurants sell a range of promotional products on a limited time basis. Wendy’s also offers breakfast in some restaurants in the United States.