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What's helping Wendy's despite the Reef slowdownWhat's helping Wendy's despite the Reef slowdown

Get analysis and information on the chain’s second-quarter earnings from NRN senior editor Ron Ruggless

Holly Petre, Assistant Digital Editor

August 12, 2022

 

Welcome to First Bite, a Nation’s Restaurant News podcast, your daily source of news from NRN hosted by Holly Petre.

Today, we’re analyzing Wendy’s latest quarter earnings.

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.

About the Author

Holly Petre

Assistant Digital Editor

Holly Petre is a digital editor for Nation’s Restaurant News as well as the host of NRN’s podcast, Extra Serving, and producer for Informa Restaurant and Food Group’s other three podcasts, One On One by Food Management, Off the Shelf with SN and In the Kitchen with Bret Thorn. Holly holds a Bachelor of Fine Arts with a concentration in Sculpture, fibers and Material Studies and Ceramics from the School of the Art Institute of Chicago. A native New Yorker, Holly enjoys her place on staff as the resident pop-culture expert and millennial with a sassy attitude and great sense of style.

Holly Petre’s work on Nation’s Restaurant News and Restaurant Hospitality often covers marketing and trends, either aimed-at or examined-through the millennial mindset. Holly is responsible for introducing TikTok and Twitch to NRN and RH readers as well as explaining terms like “Karen” to staff and readers alike. She also spends her time on staff trying not to make every headline a pun.

Holly Petre hasn’t spoken at any events or on panels, but she is readily available with a killer shoe wardrobe and several witty quips.

 

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