Wendy's Q3 Earnings Match Estimates, Revenues Up Year Over Year [Yahoo! Finance]
Wendy's Company (The) (WEN)
Last wendy's company (the) earnings: 2/26 07:00 am
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US:NASDAQ Investor Relations:
wendys.com/en-us/about-wendys/investor-dashboard
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Source: Yahoo! Finance
On a year-over-year basis, the top line rose while the bottom line declined. Solid same-restaurant sales, strength in U.S. breakfast sales and digital sales momentum aided the company's performance. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The company continues to focus on industry-leading quality, innovation and value. WEN aims to maintain a customer-first approach while driving its restaurant economic model throughout the year and beyond. WEN reported adjusted earnings per share (EPS) of 25 cents, in line with the Zacks Consensus Estimate. In the prior-year quarter, it reported adjusted EPS of 27 cents. Revenues of $566.7 million topped the consensus mark of $558.9 million. Also, the top line inched up 2.9% on a year-over-year basis on the back of increased revenues from advertising funds, franchise royalties and franchise fees. However, this growth was somewhat countered by a decline in sales from company-operated restaurants. The Wendy's
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WEN
News
- Wendy's to close 140 restaurants by the end of the year [FOX Business Network]FOX Business Network
- Wendy's to close 140 underperforming restaurants, open similar number as year ends [Yahoo! Finance]Yahoo! Finance
- The Wendy's Company (NASDAQ: WEN) had its price target raised by analysts at BMO Capital Markets from $19.00 to $20.00. They now have a "market perform" rating on the stock.MarketBeat
- The Wendy's Company (NASDAQ: WEN) had its price target raised by analysts at Truist Financial Co. from $21.00 to $22.00. They now have a "buy" rating on the stock.MarketBeat
- The Wendy's Company (NASDAQ: WEN) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $20.00 price target on the stock.MarketBeat
WEN
Earnings
- 10/31/24 - In-Line
WEN
Sec Filings
- 10/31/24 - Form 10-Q
- 10/31/24 - Form 8-K
- 10/7/24 - Form 4
- WEN's page on the SEC website