Wendy’s relaunches breakfast, plans to hire 20,000 in US

National/World

FILE – This Friday, March 21, 2014, file photo, shows a Wendy’s restaurant in Providence, R.I. (AP Photo/Michael Dwyer, File)

DUBLIN, Ohio (AP) — Wendy’s is relaunching breakfast across the U.S. next year, the latest fast-food chain to amp up its offerings as more consumers eat out in the morning.

Wendy’s now serves breakfast at 300 restaurants across the U.S. It has around 5,800 locations nationwide.

The Dublin, Ohio-based company will spend $20 million this year and help franchisees hire 20,000 employees to support the effort. Wendy’s lowered its 2019 earnings forecast and withdrew its 2020 financial guidance, saying it will provide updated goals next month.

The company’s shares dropped 9% to $19.98 in morning trading.

This will be Wendy’s fourth foray into the breakfast market; its most recent attempt was in 2012. In a note to investors, Bernstein analyst Sara Senatore said breakfast is a difficult market for restaurants to crack.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories

Don't Miss