Wendy's (WEN) Falls 13% YTD: Can the Stock Bounce Back?
Wendy’s(WEN) ZACKS·2024-08-22 23:16
Shares of The Wendy's Company (WEN) have declined 12.8% year to date (YTD), compared with the industry’s decrease of 2.1%. The decline can be attributed to commodities costs and reduced customer count.The situation with commodities hasn't shifted much. The company is still seeing inflationary pressures on beef and fries. While WEN intends to strategically adjust, select menu prices and product offerings to mitigate the challenges, potential delays in implementation and competitive pressures may hinder its a ...