Wendy's bets on its Pretzel Bacon Cheeseburger
One analyst says the new sandwich was one of the chain's top-selling test items in decades. The company sure is hungry for a hit.
In tests earlier this year, the sandwich was one of the company's best-selling limited-time offerings in 20 years, according to a note that NRN quotes from Janney Capital Markets analyst Mark Kalinowski. He raised his rating on Wendy's stock to "buy" from "neutral" as a result, arguing that the product could provide "meaningful acceleration" in same-store sales. That's a key retail and restaurant metric that tracks sales in locations open a year or more.
The Pretzel Bacon Cheeseburger may be launched nationally sometime this year, NRN quotes Kalinowski as saying. Officials from Wendy's declined to comment to MSN Money, saying only that the company doesn't discuss test products.
Wendy's has been trying to market itself as a higher-quality alternative to its fast-food rivals and has invested heavily in remodeling its restaurants. The results have been mixed so far.
Earlier this month, Wendy's reported first-quarter profits that met Wall Street's low expectations. Same-store sales rose 1% at company-owned stores and gained 0.6% at franchised locations.
Technomic executive vice president Darren Tristano is skeptical that one sandwich can make such a big difference to Wendy's bottom line. He told NRN, "My immediate reaction would be don't bet on the bun."
Jonathan Berr owns a small position in McDonald's. Follow him on Twitter @jdberr.
I tried it here in N.E. Ohio twice about 2 months ago. I'll be honest and admit I don't like fast food burgers as a rule (though Wendy's are pretty good). THIS on the other hand changed everything. That Pretzel Roll to me was Fantastic and the other day I was just wishing that they still had it. First time was a Bacon Double and the second was a Baconator. Now they taste more like a great tavern burger (to me anyway) than fast food and I won't hesitate to buy one......or 5 :) I still prefer mine at home cooked over Hickory Charcoal but Wendy's Pretzel Burger is nothing to cry about and it is good with their homestyle fries in sea salt or a bowl of chili and side salad
For a slightly higher-end version, Red Robin had a pretzel burger for Octoberfest... and RR's topped their burger with black forest ham, swiss cheese, bacon, and beer mustard onions.
I don't like onions or mustard so I can't say if that part was any good, but the rest was a yummy try-it-once, or even once-a-year (during Octoberfest), treat.
i've had this burger a few times. it really depends on which store and who was making it if its going to be a thumbs up or not. out of all the ones i had, probably 5-6, only one was fantastic, all the others were only average.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 added just over a point, holding its weekly gain at 1.0% while the Nasdaq lost 0.4%.
The major averages began the day on an upbeat note, but relinquished their opening gains during the first 90 minutes of action. The early sentiment was boosted by a better-than-expected nonfarm payrolls report for February (175K versus Briefing.com consensus 163K), but a closer look into the report suggested that ... More
More Market News
The solid report comes a month after the retailer closed all of its Canadian operations.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'