Cincinnati.Com
NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help
Currently:
34°F
Cloudy
Weather | Traffic
The Enquirer
HOME
NEWS
ENTERTAINMENT
SPORTS
REDS
BENGALS
LOCAL GUIDE
MULTIMEDIA
ARCHIVES
SEARCH
 
 TODAY'S ENQUIRER 
 Front Page 
 Local News 
 Sports 
-- Business 
 Editorials 
 Tempo 
 Home Style 
 Travel 
 Health 
 Technology 
 Weather 
 Back Issues 
 Search 
 Subscribe 

 SPORTS 
 Bearcats 
 Bengals 
 High School 
 Reds 
 Xavier 

 VIEWPOINTS 
 Jim Borgman 
 Columnists 
 Readers' views 

 ENTERTAINMENT 
 Movies 
 Dining 
 Horoscopes 
 Lottery Results 
 Local Events 
 Video Games 

 CINCINNATI.COM 
 Giveaways 
 Maps/Directions 
 Send an E-Postcard 
 Coupons 
 Visitor's Guide 
 Web Directory 

 CLASSIFIEDS 
 Jobs 
 Cars 
 Homes 
 General 
 Place an ad 

 HELP 
 Feedback 
 Subscribe 
 Search 
 Newsroom Directory 



 
Saturday, July 10, 2004

Salads helping Wendy's sales


Burger King in danger of losing No. 2 spot

By Sara Thorson
The Associated Press

COLUMBUS - The burger wars aren't being fought with burgers, but with salads.

Wendy's is neck-and-neck with rival Burger King, poised to take over as the nation's No. 2 restaurant chain behind McDonald's, analysts said Friday.

But its burgers aren't what put the company there. Analysts say the suburban Columbus chain's salads and atmosphere attract adult fast-food eaters, a niche market not covered by McDonald's often kid-focused strategies.

Wendy's U.S. sales for its hamburger stores last year were about $7.3 billion, while Miami-based Burger King had sales of about $7.9 billion during the same period, according to estimates by Technomic, a Chicago company that tracks food-service industry trends.

But Peter Oakes, a restaurant analyst with Piper Jaffray, said his estimates showed Wendy's and Burger King in a dead heat for 2003 sales - at $7.3 billion each.

Oakes predicted Wendy's sales would exceed Burger King's by about $200 million in 2004.

Either way, analysts agree Wendy's is quickly closing the gap. Technomic estimates show that Wendy's was $1.5 billion behind Burger King in U.S. sales in 2002, compared with $600 million in 2003.

"It's highly likely that Wendy's will overtake Burger King in 2004," said Bob Goldin, executive vice president of Technomic. "A lot of that depends on how many units Burger King closes."

According to Burger King's Web site, it has 225 fewer stores now than it did in 2003, leaving it with 7,679. Meanwhile, Wendy's has set a goal to expand further into New England and California, building its U.S. store base to 8,500 to 9,500 stores by 2015. The chain now has 5,761 U.S. stores.

In Greater Cincinnati, Wendy's has 65 restaurants to Burger King's 47.

Burger King recently reported its fifth straight month of increased sales for stores open more than a year, but Morningstar Inc. analyst Carl Sibilski said that's still not encouraging.

"I highly doubt that this is a turnaround for them," he said. "Their CEO has departed and they seemed confused over their marketing strategy."

Burger King chief executive Brad Blum left this month over strategic differences with its board of directors. ---

On the Net:

Wendy's: www.wendys.com

Burger King: www.bk.com

McDonald's: www.mcdonalds.com




YOUR MONEY
Find time to learn how to plan future
Investment 101
Alphabet soup of financial advisers

MORE BUSINESS HEADLINES
Expect higher fuel prices to last till winter, U.S. says
Web 97X returns Monday
Frisch's digests slower quarter
Salads helping Wendy's sales
Venture authority looks for manager
Philip Morris signs $1.25B deal with EU
Michael Rigas' fraud trial ends with deadlocked jury
Smiling Bob's no doubt happier
High bank yields
Best-performing mutual funds
Rate Report
Business digest



 

Latest Headline News
Updated Every 30 Minutes
BUSINESS NEWS

U.S. Rises in Auto Reliability Ratings

Congolese Shun Own Currency for Dollars

Delta Air Lines Posts $52M Profit in 3Q

Prepared Holiday Meals Up in Popularity

Christmas Returns to Wal-Mart Marketing


Cincinnati.Com
Search our site by keyword:  
Search also: News | Jobs | Homes | Cars | Classifieds | Obits | Coupons | Events | Dining
Movies/DVDs | Video Games | Hotels | Golf | Visitor's Guide | Maps/Directions | Yellow Pages

  CINCINNATI.COM  |  NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help


Search | Questions/help | News tips | Letters to the editors | Subscribe
Newspaper advertising | Web advertising | Place a classified | Circulation

Copyright 1995-2007. The Cincinnati Enquirer, a Gannett Co. Inc. newspaper.
Use of this site signifies agreement to terms of service updated 12/19/2002.