Thursday March 6, 2025, 11:50:59
WEN: Targets 2028 Adjusted EBITDA Noticeably Above Consensus
Wendy’s hosted an Analyst Meeting today. As part of this, Wendy’s unveils that it targets adjusted EBITDA for 2028 of $650-$700 million, noticeably above current sell-side consensus (Consensus Metrix) of $620.8 million. It’s good to see Wendy’s confident that it can get to this targeted level, to the point it has put this target range in print. On the other hand, we may need 2026, 2027, and 2028 to each be “normal” years in the restaurant industry — in terms of sales trends, commodity inflation, wage inflation, and more – plus some well-executed strategies, not to mention some good ol’ fashioned luck – to get to that targeted 2028 adjusted EBITDA range.