Wendy’s squares up new location
A third location for the fast food restaurant is being planned near the corner of Dinuba Blvd. and Ferguson Ave.
VISALIA – The company known for its square patties is now squaring up a new location in Visalia.
A new Wendy’s drive-thru location is being planned for the Food 4 Less shopping center at the corner of Dinuba Boulevard and Ferguson Avenue in Visalia. The 2,511-square foot fast food restaurant will be located at 2111 N. Dinuba Blvd. next to a CVS. The location would be the third Wendy’s in Visalia with current locations on Mooney Boulevard and Noble Avenue across from the Mary’s Vineyard Shopping Center.
Wendy’s has been consistently expanding in North America at a rate of about 1.5% new locations per year. In the second quarter of 2019 the company opened 28 new restaurants, a net increase of nine new restaurants. Twenty of the openings were in North America. Wendy’s expects to open 100 new stores by the end of 2019, maintaining its net new restaurant growth of approximately 1.5 percent per year.
The Wendy’s Company, which trades under the symbol WEN on the NASDAQ, reported sales were up 3%, revenues are up 5.8% resulting in a net income increase of 8.4% and an operating profit increase of 12.7% over last year. The increase in revenues and adjusted revenues was primarily driven by higher sales at Company-operated restaurants and an increase in franchise royalty revenue. Higher sales at Company-operated restaurants was the result of an increase in the number of restaurants in operation and positive same-restaurant sales. The increase in franchise royalty revenue was primarily driven by positive same-restaurant sales and new restaurant development. Revenues and adjusted revenues also benefited from an increase in franchise rental income which was driven by approximately $10 million in pass-through payments related to subleases as the result of the new lease accounting standard.
Wendy’s was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the slogan “fresh, never frozen” and used square patties to stick out past the bun to see the juiciness and to symbolize that his restaurants never “cut corners” when it comes to quality. Today, Wendy’s and its franchisees employ hundreds of thousands of people across more than 6,700 restaurants worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand. For more information, visit www.wendys.com and www.squaredealblog.com or connect with them on Twitter and Instagram.