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Fried Chicken
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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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Warner Bros. board members reportedly consider reopening deal talks with Paramount

Paramount’s latest amended bid for Warner Bros. Discovery has finally given the board members of the entertainment conglomerate something to seriously think about, as Bloomberg reports that WBD is now considering reopening negotiations with Paramount, despite striking an ~$83 billion binding deal with Netflix in early December.

Last Tuesday, Paramount announced that it had enhanced its all-cash $30-per-share bid for Warner Bros. Discovery, adding an offer to cover the $2.8 billion breakup fee the company would incur with Netflix, as well as a $0.25-per-share “ticking fee” for every quarter the deal hasn’t closed after the end of 2026. Despite Paramount (again) not boosting the bid’s headline cash offer, these latest terms, as well as an offer to backstop a Warner Bros. debt refinancing, have apparently proven enough to give at least some board members pause for thought.

Indeed, top brass at the HBO owner are mulling the possibility that Paramount’s boosted offer could lead to a better deal down the line, Bloomberg reported, citing people familiar with the board’s latest thinking. Still, whether that means the WBD board is hoping for a better bid from Paramount themselves — or the streamer they’ve currently got a binding deal with — is another matter entirely.

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