Monday July 8, 2024, 07:00:00

WEN: Adjusting Our Estimates (7/8/2024)

By Mark Kalinowski

This morning, we published an industry report entitled “Updating our Q2 Kalinowski Quick-Service Burger Same-Store Sales Index.” We encourage you to read that report in conjunction with this Wendy’s note.

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Tuesday June 4, 2024, 07:00:00

WEN: Updated Details on Menu Price Increases at 25 Wendy’s in California (2/12/24-6/3/24)

By Mark Kalinowski

Back on April 3rd, we published a Wendy’s report looking at changes in menu prices for two different combos sold at 25 of its restaurants in California over the 2/12/24-4/2/24 time frame:

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Thursday May 2, 2024, 09:32:02

WEN (Post-Call): Results of Comprehensive Business Review to be Communicated Later This Year

By Mark Kalinowski

Earlier today (Thursday), Wendy’s reported adjusted Q1 EPS of $0.23, coming in above our $0.21 forecast and sell-side consensus (according to Consensus Metrix) of $0.21. Adjusted EBITDA reached $125.6 million in Q1. This was better than our $122.3 million forecast and consensus of $124.2 million.

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