Why Wendy’s Suspects Its Suppliers Might Be Overcharging for Meat
Just a few days after fast food restaurant chain Wendy's (NASDAQ: WEN) said nearly 20% of its stores were out of beef, the company is reportedly looking into the possibility of price gouging by some of its suppliers. Sources indicate the company may launch its own investigation and also wants the U.S. government to look into the matter.
According to the New York Post, the company's board of directors met on May 5 to discuss its beef supply difficulties. While part of the meeting focused on limiting burger menu items, the board is also said to have conferred about the company's response to the possibility its suppliers may be exploiting the COVID-19 pandemic as a pretext to overcharge it for meat.
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Source Fool.com
