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Wendy’s CEO Kirk Tanner announced the company’s plans to test out dynamic pricing during an earnings call earlier this week, according to The Associated Press. The new pricing strategy isn’t ...
Chili's, for example, posted a screenshot of a New York Post headline about Wendy's dynamic pricing plans on X (the social media site formerly known as Twitter) on Feb. 27. The chain asked fans to ...
A Wendy’s spokesperson had initially confirmed the digital menus, as well as dynamic pricing, in a Feb. 26 statement to TODAY.com, noting the company’s future ability to change prices at ...
Dynamic pricing - Wikipedia
Algorithmic pricing is the practice of automatically setting the requested price for items for sale, in order to maximize the seller's profits. Dynamic pricing algorithms usually rely on one or more of the following data. Probabilistic and statistical information on potential buyers; see Bayesian-optimal pricing. Prices of competitors.
The drive-thru line at a Wendy's restaurant in Pinole, California, U.S., on Monday, Aug. 9, 2021. Wendy's Co. is expected to release earnings figures on August 11.
But in the era of AI, surge pricing — or “dynamic pricing,” for those in the business — is becoming a more common tool to help companies pad their margins and, in theory, give a discount ...
Shortly after the burger chain's CEO said his restaurants would embrace "dynamic pricing"—as covered by my colleague María Soledad Davila Calero—Wendy's backtracked to say that any ...