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%.

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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.

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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…”

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