WEN: The Groundhog Sees… Us Updating Our Wendy’s Forecasts

By Ryan D. Lavender Published on February 2, 2021 at 3:05 PM

With this note, we raise our full-Q1E Wendy’s U.S. same-store sales forecast by +300 basis points, to +10.0%. According to Consensus Metrix, sell-side consensus for Q1E as of this writing is at +7.3%.

MCD Part 2 of McDonald’s Franchisee Survey Focuses on Breakfast

By Mark Kalinowski Published on October 27, 2020 at 12:00 AM

Today we publish part 2 of 2 of our proprietary McDonald’s Franchisee Survey. Much of this report focuses on the breakfast daypart, which has lagged behind in recovery over the last 3-5 months not just for McDonald’s, but for the restaurant industry in general.

WEN Adjusting EPS Estimates for Incremental Breakfast Marketing Spend

By Mark Kalinowski Published on August 6, 2020 at 12:00 AM

FYI, this note is best read with the Wendy’s (WEN; Buy, $22.39) report we published earlier today, entitled “WEN: It is Called the “Most Important Meal of the Day,” After All…”