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WENDY’S TENDYS

Have chicken strips become the fast-food panic button of 2025?

McDonald’s, Taco Bell, and now Wendy’s have all added variations on the theme this year.

Tom Jones

Strips and tenders, like sandwiches and wraps before them, seem to be the latest battleground on which the never-ending fast-food chicken wars are being fought. Or, maybe, they are just a new lever to pull when chains have run out of other ideas.

In April, McDonald’s announced its first new permanent addition to American menus in four years, releasing the McCrispy Strips — a move that some correctly saw as a signal of the subsequent return of its popular Snack Wrap. Just two months later, it was Yum! Brands’ Taco Bell getting in on the crispy chicken craze, with the cheap, Mexican-inspired chain rolling out new strip-loaded tacos and burritos as part of its summer menu.

Tender is the plight

Not to miss the party (though happy to arrive a little later), Wendy’s yesterday announced its new “Tendys,” along with six accompanying sauces for dipping. Clearly, the chain is hoping that hopping onto the strips and tenders trend will help it claw back some of the ground it’s lost to McDonald’s and Taco Bell in recent quarters.

Wendy’s, McDonald’s, Taco Bell competition chart
Sherwood News

In its second quarter, Wendy’s saw global same-restaurant sales fall 2.9%, with things looking particularly bleak in the US, where it had slumped 3.2% in the first six months of the year. Taco Bell, meanwhile, has continued to look like one of the few consistently growing players in the fast-food industry, while McDonald’s had a Q2 bump itself, with the company’s CFO highlighting its new McCrispy Strips as a key driver at the time.

Whether Wendy’s decision to hit the strip-shaped panic button is enough to turn its 2025 around, or whether it’s too (chicken) little, too late, only time will tell.

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Report: OpenAI won’t pay a dime in cash for its 3-year licensing deal for Disney IP

More financial details behind the landmark deal that will grant OpenAI three years of access to Disney intellectual property are coming out, and they’re pretty surprising.

The deal will reportedly see OpenAI pay zero dollars in licensing fees, instead compensating Disney in stock warrants. It was previously reported that Disney would invest $1 billion into OpenAI as part of the agreement.

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

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Ford says it will take $19.5 billion in charges in a massive EV write-down

The EV business has marked a long stretch of losing for Ford, and today the automaker announced it will take $19.5 billion in charges tied, for the most part, to its EV division.

Ford said it’s launching a battery energy storage business, leveraging battery plants in Kentucky and Michigan to “provide solutions for energy infrastructure and growing data center demand.”

According to Ford, the changes will drive Ford’s electrified division to profitability by 2029. The company will stop making its electric F-150, the Lightning, and instead shift to an “extended-range electric vehicle” that includes a gas-powered generator.

The Detroit automaker also raised its adjusted earnings before interest and taxes outlook to “about $7 billion” from a range of $6 billion to $6.5 billion.

Ford’s write-down is one of the largest taken by a company as legacy automakers scale back on EVs, giving EV-only automakers a market share boost.

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