Monday January 29, 2024, 07:15:00
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
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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Wednesday August 9, 2023, 09:48:23
By Mark Kalinowski
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.
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