“At Wendy’s, we plan to re-establish the brand’s premier quality positioning and take aggressive steps to grow sales and improve restaurant operating margins,” Smith says. “We are encouraged that Wendy’s same-store sales improved throughout the third quarter as we introduced an effective value offering in September featuring our great-tasting Double-Stack Cheeseburger, the Crispy Chicken Sandwich, and the Junior Bacon Cheeseburger--all at a 99 cents price point.
September same-store sales were positive and October results were even better as we featured new Flavor-Dipped Chicken sandwiches, reinforcing the premium quality of Wendy’s tender center cut chicken fillets.
“Arby’s same-store sales results during the quarter were indicative of the challenging operating environment and a decline in customer traffic, which primarily reflected aggressive price discounting and coupon offers by competitors,” Smith says. “To restore momentum, we are focused on Arby’s core customers and, specifically, the appeal of our premium roast beef products and toasted subs. We believe that the inherent strength of Arby’s quality brand positioning, more targeted advertising and new products aimed at our core customers will lead to sales growth and improved operating margins.”