Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Wendy's menu runs short as virus hits U.S. beef supplies

Published 05/05/2020, 11:33 AM
Updated 05/05/2020, 11:35 AM
© Reuters. A Wendy's Co restaurant is pictured in Monrovia

(Reuters) - Wendy's Co (O:WEN) said on Tuesday its restaurants may face a shortage of many menu items, including hamburgers, as beef processors in the United States struggle to keep their plants open amid the COVID-19 pandemic.

U.S. meat manufacturers, including Tyson Foods Inc (N:TSN), have signaled disruptions to food supply as they are forced to shut many meat plants to curb the spread of the coronavirus.

"Beef suppliers across North America are currently facing production challenges. Because of this, some of our menu items may be in short supply from time to time at some restaurants in this current environment," a Wendy's spokesperson said.

The burger chain, known for its fresh-never-frozen patties, said it would continue to supply hamburgers to all of its restaurants, with deliveries two or three times a week.

Just before the virus outbreak in the United States, Wendy's launched a new breakfast menu that included sausages, eggs, croissant and a hamburger variation in the hopes of attracting more footfall in the morning, a crucial daypart for restaurateurs.

The pandemic has also led to rival McDonald's Corp (N:MCD) trimming its menu to serve drive-thru and delivery customers faster, while its dine-in operations remain shut. Chief Executive Officer Chris Kempczinski last week told analysts that the company has had no break in supply till date.

Several retailers including Kroger Co (N:KR) and Costco Wholesale Corp (O:Cost) have also limited meat purchases per customers.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.