Wendys

Meritage Hospitality Group, one of Wendy's largest U.S. franchisees, filed for Chapter 11 bankruptcy protection and said it will keep restaurants operating during restructuring. The company operates 314 Wendy's across 15 states and cited system-wide pressures from six straight quarters of same-store sales declines at Wendy's, rising beef costs and heavier discounting. Meritage estimated assets and liabilities between $10 million and $50 million, and listed Wendy's franchise business as its top unsecured creditor with a $24.9 million claim. » More on cnbc.com

Wendy's confirmed it will roll out its original yellow cups and boxes to restaurants nationwide starting later in September and continuing into 2027. The return responds to persistent customer requests and aims to evoke nostalgic connections, according to Chief Marketing and Customer Growth Officer Tariq Hassan. Some customers say they also want the brand's former food quality restored, while the chain continues to execute a store-reduction plan announced last year. » More on yahoo.com

Wendy’s shares fell more than 14% in premarket trading after Reuters reported that Trian Fund Management, led by Nelson Peltz, is not currently preparing a takeover bid. Trian, a long-standing shareholder with about a 16% stake, is said to have concerns about Wendy’s business performance, valuation and strategic direction; the stock had briefly risen to about $9 in early August amid takeover rumors. According to sources, however, Trian is still keeping all options open for the future. » More on de.investing.com