Wednesday August 9, 2023, 09:48:23
Earlier today (Wednesday), Wendy’s reported adjusted second-quarter EPS of $0.28. This matched our $0.28 forecast and was one cent above sell-side consensus (according to Consensus Metrix) of $0.27. Second-quarter adjusted EBITDA came to $144.5 million. This was above our estimate of $140.8 million, as well as consensus of $141.7 million.
Wednesday July 26, 2023, 07:00:00
Wendy’s plans to report its second-quarter results before the market open on Wednesday, August 9th. We do not know to what degree, if any, Wendy’s will discuss third quarter-to-date same-store sales trends on the related conference call that morning.
Wednesday June 28, 2023, 07:02:00
Wendy’s first-quarter U.S. same-store sales rose by +7.2%, coming in better than consensus. On its May 10th conference call, Wendy’s commented “We remain fully committed to driving the restaurant economic model through our three long-term growth pillars; driving sales momentum, accelerating our digital business and expanding our global footprint. This commitment, and our successful start to the year, give us confidence that we will deliver meaningful global growth for the remainder of 2023 and beyond…. As we turn to the second quarter, we will promote products across a variety of price points and occasions with dedicated messaging behind our ownable Biggie Bag platform, the return of the fan-favorite Strawberry Frosty and bringing the heat like only Wendy’s can with the addition of the Ghost Pepper Ranch Chicken Sandwich to our Made to Crave lineup. We also have plans in place to accelerate our momentum at the bookends of the day; breakfast and late night.”