Monday November 16, 2020, 00:00:00
Kalinowski Equity Research invites you to participate in our latest “Ask the Experts” conference call, to take place today — Monday, November 16th — starting at 1:00 PM Eastern time. The featured speakers will be Wendy’s CFO Gunther Plosch; and Greg Lemenchick, Senior Director – Investor Relations and Corporate FP&A.
Wednesday November 4, 2020, 00:00:00
Earlier today, Wendy’s reported Q3 adjusted EPS of $0.19, which exceeded our $0.16 forecast and sell-side consensus (according to Consensus Metrix) of $0.17. Drivers of the outperformance included better-than-expected restaurant-level margins (16.9% actual vs. our 15.3% projection and consensus at 15.6%) and G&A/ Revenues (10.5% actual vs. our 11.1% forecast and consensus at 11.0%). Thirdquarter adjusted EBITDA reached $118.8 million, above our $108.8 million estimate and also above consensus of $112.0 million. These results are impressive given the extra marketing spend of about $6.2 million focused on the breakfast daypart that was made in Q3 (and for which we expect ~$6.5 million in Q4E).
Thursday October 15, 2020, 00:00:00
Based on our math, it looks like Wendy’s is in the process of decisively overtaking Burger King (owned by Restaurant Brands International [QSR; Not Rated]) as the 2nd-largest burger concept in the U.S., based on domestic systemwide sales.
Wednesday September 18, 2024
Wednesday September 11, 2024
Wednesday September 18, 2024
Wednesday September 11, 2024