Thursday February 15, 2024, 10:22:58

WEN (Post-Call): Introduces Some Frosty 2024 Financial Targets

By Mark Kalinowski

Earlier today (Thursday), Wendy’s reported Q4 2023 adjusted EPS of $0.21. This was short of our $0.24 forecast, and also below sell-side consensus (according to Consensus Metrix) of $0.23.

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Monday January 29, 2024, 07:15:00

WEN: Adjusting Our Estimates (1/29/2024)

By Mark Kalinowski

We believe that January has proven a tough month as regards same-store sales for a wide swath of the restaurant industry, including the quick-service burger sector. Based on our conversations with industry contacts, bad weather – lapping a mild winter from one year ago – clearly seems to be the #1 reason behind the challenged January sales trends. As of today, it’s possible that February could prove to be similarly challenged.

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Thursday November 2, 2023, 11:03:50

WEN (Post-Call): Targets Low-Single Digit Same-Store Sales Growth for Q4

By Mark Kalinowski

Earlier today (Thursday), Wendy’s reported adjusted Q3 EPS of $0.27. This was better than our $0.25 forecast and sell-side consensus (according to Consensus Metrix) at $0.25.

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