Meanwhile, franchisees are beginning to sign on to the rebuilding program, inspired by a $10 million incentive, as well as a loan program from GE Capital. Wendy's is offering GE Capital "some credit support" for the program , which starts at $100 million and is likely to increase and is aimed at enabling franchisees to rebuild their stores, said Wendy's chief financial officer, Steve Hare, during yesterday's conference call. Franchisees can choose from three tiers of investment: The top tier, which involves tearing down and rebuilding a store, costs $750,000. The middle tier costs $550,000; and the bottom tier, $375,000. 
Share:  Meanwhile, franchisees are beginning to sign on to the rebuilding program, inspired by a $10 million incentive, as well as a loan program from GE Capital. <span class="sent"><span class="company">Wendy's</span> is offering GE Capital "some credit support" for the program , which starts at $100 million and is likely to increase and is aimed at enabling franchisees to rebuild their stores, said <span class="company">Wendy's</span> chief financial officer, <span class="analyst">Steve Hare</span>, during yesterday's conference call.</span> Franchisees can choose from three tiers of investment: The top tier, which involves tearing down and rebuilding a store, costs $750,000. The middle tier costs $550,000; and the bottom tier, $375,000. Tweet this   read full story

. "Our solid first quarter profitability increase was in line with our expectations," Brolick said in a written statement. "We have also seen a solid consumer response to the April introduction of our new Flatbread Grilled Chicken sandwiches, although the price value component of our business continues to represent a challenge." . . 
Share:  . <span class="sent">"Our solid first quarter profitability increase was in line with our expectations," <span class="analyst">Brolick</span> said in a written statement.</span> "We have also seen a solid consumer response to the April introduction of our new Flatbread Grilled Chicken sandwiches, although the price value component of our business continues to represent a challenge." . . ..... . <span class="sent">Consumer reaction to the company's rebuilt stores, which feature dramatic designs, digital menu boards and wi fi bars, "has produced very positive traffic and sales growth," <span class="analyst">Brolick</span> said.</span> . . . Tweet this   read full story