Wendy’s is an international quick service restaurant chain, headquartered in Ohio in the United States. It is ranked among the largest quick service restaurants worldwide and is one of the leading fast food burger chains after global giant McDonald’s. The first Wendy’s restaurant was opened by founder Dave Thomas in Columbus, Ohio in 1969 and, just seven years later, the company celebrated its 500th restaurant in Toronto, Canada. In 2008, Wendy’s merged with Triarc, the parent company of Arby’s, to form The Wendy’s Company. Like many other restaurant chains within the quick-service burger category, Wendy’s menu centers on the classic burger and fries combination. Other offerings include chicken sandwiches, salads and a breakfast menu.
The Wendy’s Company reported steady revenues of around 2.5 billion U.S. dollars between 2009 and 2013, until figures dropped sharply in 2014 and continued to dwindle to 2016, descending to 1.44 billion U.S. dollars. Explanations given for the decline in revenue pointed to rising beef prices and the selling off of company-owned restaurants to franchisees. While the number of Wendy’s restaurants has remained around the 6.5 thousand mark in recent years, the number of company-owned properties decreased from 1,417 in 2011 to just 330 in 2016. Despite this decrease in company owned restaurants, Wendy's remains a brand which is known throughout the world, with restaurants operating in many countries. In 2016, Puerto Rico had the most Wendy's restaurants outside the United States and Canada with 78 in total. The Dutch Caribbean island of Curaçao had the least with only one Wendy's restaurant.
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