AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales 
China Factory Activity Extends Growth in April Despite Global Pressures 
Iran-U.S. Conflict Escalation Threatens Global Oil Supply and Economic Stability 
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours 
Micro Systemation Reports Q1 Loss Amid Strategic Investments and Revenue Growth 
Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat 
Dollar Holds Near Two-Week High as Fed Hawkish Shift Lifts Yields, Yen Near Intervention Zone 
Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition 
Yen Weakens After Intervention Spike as Dollar Stabilizes Amid Global Tensions 
GameStop Eyes eBay Acquisition as Stock Prices Surge After Hours 
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales 
Coles Group Q3 Sales Rise Driven by Supermarkets and E-Commerce Growth 
Ford Q1 Earnings Beat Expectations, Stock Surges on Strong Guidance 
China Manufacturing PMI Beats Forecasts in April Amid Weak Domestic Demand 
Asian Stocks Slip as Oil Prices Surge and Fed Signals Inflation Risks 
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand 
AI Stocks Rally in Asia as Oil Surge and Hawkish Central Banks Shake Global Markets 
Wendy’s announced this week that it is planning to set up at least 700 ghost kitchens in the United States, the U.K., and Canada by 2025. The fast-food chain revealed that it will be carrying out this project in partnership with Reef Technology, a start-up company.
According to CNBC, Wendy’s decided to put up ghost kitchens to address the customers’ demand. The kitchens will fulfill delivery orders of Wendy’s meals that are placed via DoorDash or other third-party delivery services.
Reef Technology stated that its services help restaurants save on costs since there is less labor requirement and there is no need to provide parking lots too. It was mentioned that Wendy’s and Reef already partnered in the past and created eight ghost kitchens in Canada.
Apparently, the project yielded good results, so the plan to put up more ghost kitchens was developed. For this year alone, the burger joint is planning to open at least 50 ghost kitchens.
In any case, it was said that Wendy’s has lower expected sales for the ghost kitchen locations, but despite this, it is still looking forward to a solid ROI or return on its investment. The ghost kitchens will also allow the fast food to expand its reach in urban locations. Based on the deal, Reef will be handling the buying of kitchens and hiring of employees.
"The demand for convenient delivery solutions means we must look for opportunities beyond our traditional restaurant formats, especially in dense urban areas," Wendy’s president, International, and Chief Development Office, Abigail Pringle, said in a press release via Yahoo Finance. "This partnership with REEF is testimony to our ambitions, the potential we see to grow our beloved brand, and our quest to reach more customers in more ways."
Michael Beacham, president of REEF Kitchens, also said that they are proud to be working with Wendy's. "Wendy's is an incredible brand and we look forward to being a part of their continued success in the future," he said.
Meanwhile, Wendy’s plans to put up hundreds of ghost kitchens have a $100 million development fund, as per Restaurant Business Online. The project is part of the company’s ambitious global development plan.
