Wendys Co

NASDAQ:WENUnited States

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• Wendy's Q1 Adjusted Earnings, Revenue Rise; Reiterates 2024 EPS Outlook, from 34 minutes ago by MT Newswires

  34 minutes ago by MT Newswires
  Companies Mentioned: WEN
  10:58 AM EDT, 05/02/2024 (MT Newswires) -- Wendy's (WEN) reported Q1 adjusted earnings Thursday of $0.23 per diluted share, up from $0.21 a year earlier. Analysts polled by Capital IQ expected $0.21. Revenue for the quarter ended March 31 was $534....

• DJ Wendy's Giving Deals To Cautious Consumers -- Market Talk, from 1 hour ago by Dow Jones

  1 hour ago by Dow Jones
  Companies Mentioned: WEN
  
  0942 ET - Wendy's joins McDonald's and other U.S. restaurant chains in this earnings cycle in portraying domestic diners as pressured this year. Households earning less than $75,000 are particularly scaling back their visits, while those above are still eating out, the chain says on a 1Q earnings call. Wendy's reported a traffic decline in 1Q, but says it's working to increase sales through deals, particularly during breakfast. (heather.haddon@wsj.com; @heatherhaddon)
  

• DJ Wendy's Price Target Maintained With a $20.00/Share by Stephens & Co., from 3 hours ago by Dow Jones

  3 hours ago by Dow Jones
  Companies Mentioned: WEN
  
  Ratings actions from Benzinga: https://www.benzinga.com/quote/WEN/analyst-ratings
  
  (END) Dow Jones Newswires
  
  May 02, 2024 08:06 ET (12:06 GMT)
  

• DJ Wendy's Shares Rise On Better-Than-Expected Q1 Adjusted Earnings -- MarketWatch, from 3 hours ago by Dow Jones

  3 hours ago by Dow Jones
  Companies Mentioned: WEN
  
  Wendy's Co. (WEN) shares rose 0.9% in premarket trades Thursday after the burger chain's first-quarter adjusted earnings beat analysts' estimates. Net income rose to $42 million, or 20 cents a share, from $39.8 million, or 19 cents a share, in the same period a year ago. Adjusted per-share earnings were 23 cents a share, above the 21-cent estimate from analysts surveyed by FactSet. Wendy's revenue rose to $534.8 million from $528.8 million in the same period last year. Analysts surveyed by FactSet were looking for revenue of $541 million. The fast-food chain said that the growth in revenue was driven by increase in advertising funds revenue and an increase in franchise royalty revenue, both driven by net new restaurant development and higher same-restaurant sales. Global same-restaurant sales growth was 0.9%, below analysts' forecast of 1.4%. "We delivered global same-restaurant sales growth, which accelerated by 120 basis points on a two-year basis versus the previous quarter," said Wendy's CEO Kirk Tanner, in a press release. "This was driven in part by high-single digit year-over-year U.S. breakfast sales growth and global digital sales mix of nearly 17%." Wendy's also reiterated its 2024 outlook for global systemwide sales growth of 5% to 6% and adjusted earnings of 98 cents to $1.02. Wendy's shares are up 0.7% in 2024, compared with the S&P 500 index's gain of 5.2%.
  

• -- Earnings Flash (WEN) THE WENDY'S COMPANY Reports Q1 Revenue $225.3M, vs. Street Est of $540.5M, from 4 hours ago by MT Newswires

  4 hours ago by MT Newswires
  Companies Mentioned: WEN
  07:08 AM EDT, 05/02/2024 (MT Newswires) -- ...