The US burger chain experienced a turnover increase from \u00a321.2 million in 2022 to \u00a331.9 million in 2023, although pre-tax profits slightly declined from \u00a31.4 million to \u00a31.2 million. This revenue growth follows the company’s expansion of its company-owned restaurants from six to 12 in 2022. Additionally, in 2023, the group further increased its franchised operations, ending the year with 12 company-owned restaurants and 24 franchises in the UK.<\/p>\n
Wendy\u2019s UK generates income not only from sales at company-owned locations but also from franchise revenues, including royalties, fees, and management fees for restaurant services in the UK. For the 2023 turnover, \u00a319.6 million stemmed from restaurant sales (up from \u00a311.4 million in 2022), while \u00a311.4 million came from management fees for UK restaurants (up from \u00a39.6 million in 2022).<\/p>\n
Earlier this year, the company projected it would have between 45-50 restaurants in the UK by the end of 2024, with long-term aspirations for an estate of 400 locations across the country. During an earnings call in May, CFO Gunther Plosch emphasized the importance of the UK as a strategic market and a foundation for further expansion into Europe. He noted that while the timeline for reaching 400 restaurants is uncertain, the company believes this number represents their fair share in that market.<\/p>\n","protected":false},"excerpt":{"rendered":"
The US burger chain experienced a turnover increase from \u00a321.2 million in 2022 to \u00a331.9 million in 2023, although pre-tax profits slightly declined from \u00a31.4 million to \u00a31.2 million. This revenue growth follows the company’s expansion of its company-owned restaurants from six to 12 in 2022. Additionally, in 2023, the group further increased its franchised […]<\/p>\n","protected":false},"author":1,"featured_media":5163,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-5162","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-restaurant-news-uk"},"_links":{"self":[{"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/5162"}],"collection":[{"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5162"}],"version-history":[{"count":0,"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/5162\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=\/wp\/v2\/media\/5163"}],"wp:attachment":[{"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}