AQCAN Exchange|Burger chain Wendy’s looking to test surge pricing at restaurants as early as next year

2025-05-05 18:38:12source:NSI Communitycategory:My

Wendy’s is AQCAN Exchangelooking to test having the prices of its menu items fluctuate throughout the day based on demand, implementing a strategy that has already taken hold with ride-sharing companies and ticket sellers.

During a conference call earlier this month, Wendy’s CEO Kirk Tanner said that the Dublin, Ohio-based burger chain will start testing dynamic pricing, also known as surge pricing, as early as next year.

“Beginning as early as 2025, we will begin testing more enhanced features like dynamic pricing and daypart offerings, along with AI-enabled menu changes and suggestive selling,” he said. “As we continue to show the benefit of this technology in our company-operated restaurants, franchisee interest in digital menu boards should increase, further supporting sales and profit growth across the system.”

Wendy’s Co. plans to invest about $20 million to launch digital menu boards at all of its U.S. company-run restaurants by the end of 2025. It also plans to invest approximately $10 million over the next two years to support digital menu enhancements globally.

Tanner, a longtime PepsiCo executive, became Wendy’s CEO earlier this month. He succeeded Todd Penegor, who had served as Wendy’s president and CEO since 2016.

Last year, Penegor announced a restructuring intended to speed decision-making and invest more in new restaurant development, particularly overseas. The chain and its franchisees operate about 7,000 restaurants worldwide.

Shares of Wendy’s fell slightly in Tuesday morning trading.

More:My

Recommend

2 killed, 3 injured in shooting at makeshift club in Houston

HOUSTON (AP) — Two teens were killed and three people were injured — including a 13-year-old — in a

Warming Trends: Climate Threats to Bears, Bugs and Bees, Plus a Giant Kite and an ER Surge

SCIENCEA Slower Freeze Pushes Polar Bears Close to StarvationThe Hudson Bay in northern Canada froze

Shein lawsuit accuses fast-fashion site of RICO violations

Shein is a popular online destination for social influencers and shoppers to stock up on trendy yet