Read More About
Recommended For You
Industry consultant are attributing Wendy's rising share of the quick-serve market to the chain's new salad line. But, say some analysts, much of Wendy's recent success is a result of what the company is doing right outside of its menu and the woes of its nearest competitors, McDonald's and Burger King. Recently, both rivals have been plagued with poor consumer perception issues.
"Salads have been helpful, but the most important part is that Wendy's is a hamburger chain and they're positioned very favorably with full-value, brand positioning," said analyst Allan Hickok at U.S. Bancorp Piper Jaffray told Reuters. "Consumers perceive Wendy's to have a higher quality product, and they are willing to pay more for it. That's the backbone of their business," Hickok said.