(AOF) – Wendy’s confirmed its 2022 objectives on Thursday evening. The American fast food chain is still targeting growth of 6% to 8% in overall sales, adjusted Ebitda of between 490 and 505 million dollars, earnings per share adjusted between $0.82 and $0.86 and free cash flow between $215 and $225 million. At the same time, the group postponed the holding of its Investor Day to an undetermined date. It was originally to be held on June 9.
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A booming fair trade in France
This trade has almost tripled in five years, reaching 1.83 billion euros in 2020 in France. Based on a more profitable model for producers in southern countries, it was developed by the NGO Max Havelaar in 1988. The latter labels 90% of fair trade in the world with a total of 10.7 billion dollars in 2019 This trade is 95% food products. Coffee, chocolate, bananas and cane sugar account for three quarters of sales. On our territory, the NGO will label wheat from the Gers and milk from Poitou-Charentes. The French market is developing through mass distribution, which represented 54% of sales in 2020 compared to 42% in 2018. However, while organic represents 6.5% of consumption in France, the share of fair trade is limited to 1.5%.