Wendy's Called Out for 'Surge Pricing'

Estimated read time: 3 minutes and 24 seconds

WENDY’S OR LIGMA

Wendy's Called Out for 'Surge Pricing' (Read More)

Wendy's Backlash: Dynamic Pricing Drama

Backlash Eruption: Sen. Elizabeth Warren's criticism on "surge pricing" at Wendy's sparks social frenzy.

• Warren's Rebuke: Senator Warren denounces Wendy's attempt at "surge pricing."

• CEO's Clarification: Tanner clarifies Wendy's menu board investments and rejects surge pricing allegations.

• Competitor Response: Burger King pledges to avoid surge pricing and focuses on value for customers.

• Insightful Innovation: Digital menu boards facilitate dynamic pricing and promotional strategies for better customer experience.

TRIPLE NET TENDIES

🧠 Thought Leader: Rahul Chhajed explains why single-tenant dental deals are attractive

👂 Ear Hustle: Michael Saylor shares the only asset in the world that is inelastic to price

💎 Web Gem: Brian Beers shares how much money a multi-unit franchisee makes

NET LEASE NUGGIES

• CAVA's Success Continues Post-IPO - CAVA's Q4 earnings showcased impressive growth, with revenue surging 52.5% to $175.5 million. The fast-casual chain also saw significant same-store sales increases, outperforming industry peers. CEO Brett Schulman attributes CAVA's success to its unique menu and operational strategies, anticipating further expansion. Despite the IPO halo effect, CAVA remains optimistic about future growth and customer satisfaction, maintaining a strong focus on providing value and enhancing guest experiences. (Read More)

• Cracker Barrel struggles under new leadership. The Tenessee-based brand reported declining traffic and retail sales. CEO Masino emphasizes long-term recovery plans, focusing on brand relevance, food innovation, and profitability. Initiatives include menu updates and a loyalty program. Cracker Barrel addresses inflation challenges by adjusting labor models and pricing strategies. Despite Q2 income decrease, the brand remains committed to enhancing guest experience and driving value. (Read More)

• Driven Brands Reports Financial Performance for Fiscal Year 2023 and Outlook for 2024 Driven Brands recently announced its financial results for the fiscal year 2023, revealing revenue of $2.3 billion, system-wide sales of $6.3 billion, and various impairments leading to a net loss. The company remains optimistic for 2024, focusing on growth and debt reduction in the upcoming year. (Read More)
  

BEAST TWEETS x POSTS

🐦 Daniel Herrold: I used to always tell my team - know the difference between "game time" and "film time."

🦅 Pomp: This is the single most important ratio in global finance right now…

🦢 Michael Moreno: One of the hardest things to do as a broker is compete for business.

🦆 The Money Cruncher: If you have an LLC or Corporation, you must register it with FinCEN in 2024. Penalties for not filing are $500 PER DAY…

VISUAL OF THE DAY