Meet The $1 Billion Cheeseburger


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All it takes is one burger with a fancy bun to remake a brand.

After launching their new Pretzel Bacon Cheeseburger last month, Wendy’s has seen it’s stock prices increase 42 per cent, outperforming fast-food competitors McDonald’s and Yum Brands (KFC, Pizza Hut, Taco Bell).

When the pretzel burger launched on July 1 stock prices were hovering around $5.90 a share. Based on 393 million shares outstanding, that valued the company at $2.3billion. Yesterday closing prices were up to $7.80 making the company’s value a month later $3.1billion, according to Wendy’s Vice President of Investor Relations David Poplar.

Wall Street analysts are touring the launch of the pretzel burger as the best move for the fast-food chain in years.

Since the burger’s launch last month, Mark Kalinowski of Janney Capital Market called the burger ‘the best-selling new product introduction by that burger concept in at least a decade.’

The last time Wendy’s stock was this hot was back in 2002 when they marketed a new line of high-end salads.

While the burger is currently a limited-time only affair, if sales continue to rise it could become a permanent fixture on the menu.

Read more: http://www.dailymail.co.uk/news/article-2386840/The-freshly-baked-smell-success-Wendys-new-pretzel-bacon-cheeseburger-called-best-product-launch-10-years.html#ixzz2bVNmZSeD

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