Canadian-American restaurant giant formed in 2014 by Burger King and Tim Hortons merger
Shifting consumer behavior amid rising restaurant prices shows grocery prepared foods gaining ground as a substitute for dining out. Chains report softer sales in March as gas prices spike, while some offer value promotions to attract budget-minded customers.
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Wendy’s has drawn activist interest as Nelson Peltz’s Trian Fund Management contemplates a bid to take the chain private. Shares have climbed amid speculation of new capital backing, though the company is reviewing any proposal with fiduciary care. Analysts note ongoing sales declines and a challenging macro environment for value-focused consumers.