By Mark Kalinowski
Published on September 16, 2020 at 12:00 AM
Kalinowski Equity Research invites you to participate in our latest “Ask the Experts” conference call, to take place on 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. If you are interested in joining the call, please e-mail [email protected] or your sales contact.
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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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By Mark Kalinowski
Published on August 5, 2020 at 12:00 AM
Earlier today, Wendy’s (WEN; Buy, $23.81) reported adjusted EPS of $0.12, matching our recently-raised $0.12 forecast, and coming in one cent above sell-side consensus (according to Consensus Metrix) of $0.11. Although company-operated restaurantlevel margins in Q2 at 14.4% were down year-over-year, they still amounted to a figure above our 12.0% projection and consensus of 11.3%. Wendy’s cites “a higher average check, labor efficiencies, and other dining room closure related efficiencies” as positive factors. Management also pointed to quicker drive-thru speeds.
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