Wendy's Co. Guides FY22 Adj. EPS In Line; Q4 Results Top Estimates

RTTNews | 860 days ago
Stocktwits
Wendy's Co. Guides FY22 Adj. EPS In Line; Q4 Results Top Estimates

(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, The Wendy's Co. (WEN) initiated its adjusted earnings and global systemwide sales growth guidance for the full-year 2023. The company also initiated long term systemwide sales growthoutlook in the mid-single digits for 2024-25.

For fiscal 2023, the company now projects adjusted earnings in a range of $0.95 to $1.00 per share on global systemwide sales growth of 6 to 8 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.00 per share on revenue growth of 3.3 percent to $2.16 billion for the year. Analysts' estimates typically exclude special items.

For the fourth quarter, the company reported that net income decreased to $41.3 million or $0.19 per share from $52.1 million or $0.24 per share in the prior-year quarter. Excluding items, adjusted earnings per share were $0.22 per share, compared to $0.16 per share last year.

Total revenues for the quarter grew 13.4 percent to $536.5 million from $473.2 million in the same quarter last year. Adjusted revenue increased 15.5 percent to $431.3 million from last year. Same-restaurant sales growth was 6.4 percent.

The Street was looking for earnings of $0.20 per share on revenues of $534.65 million for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: WEN
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Wendy's Co. Q2 Adj. EPS Tops View; Maintains Fy23 Outlook

Wendy's Co. Q2 Adj. EPS Tops View; Maintains Fy23 Outlook

The Wendy's Co. (WEN) reported Wednesday that net income for the second quarter increased to $59.63 million or $0.28 per share from $48.15 million or $0.22 per share in the prior-year quarter. Excluding items, adjusted earnings per share were $0.28 per share, compared to $0.24 per share last year.
RTTNews | 699 days ago
Wendy's Q3 Adj. EPS Tops Estimates; Backs FY22 Profit Outlook

Wendy's Q3 Adj. EPS Tops Estimates; Backs FY22 Profit Outlook

The Wendy's reported on Wednesday that profit for the third quarter increased 23 percent from last year, driven by higher operating profit and double-digit revenue growth. Adjusted earnings per share topped analysts' estimates by a penny, while quarterly revenues missed their estimates. The company also maintained its adjusted earnings guidance for the full-year 2022.
RTTNews | 972 days ago
Wendy's Co. Boosts FY22 Adj. EPS Outlook; Q2 Adj. EPS Tops Estimates

Wendy's Co. Boosts FY22 Adj. EPS Outlook; Q2 Adj. EPS Tops Estimates

While reporting financial results for the second quarter on Wednesday, The Wendy's Co. (WEN) raised its adjusted earnings guidance for the full-year 2022, while maintaining annual global systemwide sales growth outlook. The company also declared a quarterly dividend.
RTTNews | 1063 days ago
Little Movement Seen For Thai Stock Market

Little Movement Seen For Thai Stock Market

The Thai stock market has finished lower in two of three trading days since the end of the four-day winning streak in which it had surged almost 50 points or 4.6 percent. The Stock Exchange of Thailand now sits just above the 1,115-point plateau and it's likely to remain rangebound again on Wednesday.
RTTNews | 8 minutes ago
Australia Building Permits Climb 3.2% On Month In May

Australia Building Permits Climb 3.2% On Month In May

The total number of building permits issued in Australia was up a seasonally adjusted 3.2 percent on month in May, the Australian Bureau of Statistics said on Wednesday - coming in at 15,212.
RTTNews | 25 minutes ago
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is modestly lower on Wednesday after opening in the green, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling to near the 39,600 level, with a mixed performance is most sectors.
RTTNews | 26 minutes ago
Soft Start Expected For Indonesia Stock Market

Soft Start Expected For Indonesia Stock Market

The Indonesia stock market has moved higher in back-to-back sessions, gathering almost 40 points or 0.6 percent along the way. The Jakarta Composite Index now sits just above the 6,900-point plateau although it figures to open in the red on Wednesday.
RTTNews | 38 minutes ago
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