Wendy's CEO discusses possibility of drive-thru-only restaurants
Breakfast and third-party delivery apps helped boost company
Square burgers are having a great year.
The CEO of Wendy’s recently discussed some updates that may be coming to the fast-food chain's restaurants, after announcing that the company had a very strong third quarter, and is likely looking to expand on the areas where it sees the potential for more growth.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| WEN | THE WENDY'S CO. | 18.06 | -0.05 | -0.28% |
CEO Todd Penegor claimed that the company was looking into opening drive-thru-only restaurants, going as far as to say that Wendy's already has prototypes of the new designs, QSR Magazine reports.
“I think it is important to have [a] portfolio of restaurants of different sizes to really make sure that we've got solutions for any trade area that's out there,” Penegor said.
Wendy's already has a variety of restaurant models, with some offering large dining rooms while others provide less seating and focus on providing to-go service.
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This news comes after Wendy’s reported strong earnings for the third quarter.
The fast-food chain reported that same-restaurant sales rose by 10.5% in the third quarter, using a two-year basic, according to a message to investors. It also saw same-restaurant growth of 6.1% during this period, the highest it’s been in 15 years.
The company’s popular breakfast lineup, which launched earlier this year, was reportedly responsible for about 6.5% of the increase. Wendy's has also seen sales through third-party delivery apps double, which is likely attributable to the ongoing coronavirus pandemic.
The company has seen its sales through third-party delivery apps double, which is likely attributable to the ongoing coronavirus pandemic. (iStock)
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Wendy’s isn’t the only restaurant looking to expand its drive-thru service.
Fox News previously reported that Restaurant Brands International was planning to install drive-thru ordering kiosks that utilize predictive ordering at 10,000 Burger King, Tim Hortons and Popeyes locations. The new technology would reportedly allow for personalized promotions based on everything from a customer’s previous orders, the time of day, and even the weather.