Wendy’s is on track to overtake Burger King as the United States’ second-largest fast-food burger chain next to McDonald’s, according to an analyst’s report released on Tuesday.
“We expect Wendy’s to overtake privately-held Burger King for the number-two market-share position within the limited-service hamburger sector, perhaps as soon as this year,” Mark Kalinowski, an analyst with Janney Capital Markets wrote in his report, according to the Orange County Register. Janney Capital has a buy rating on Wendy’s.
Kalinowski wrote in his analysis that Wendy’s increased share has been driven by a focus on premium foods and the reshaping of restaurants.