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

RTTNews | 911 dias atrás
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

Etiquetas: WEN
read more
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 | 750 dias atrás
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 | 1023 dias atrás
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 | 1114 dias atrás
U.S. Pending Home Sales Fall More Than Expected In July

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.
RTTNews | 2 h 18 min atrás
Eurozone Economic Confidence Weakens In August

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.
RTTNews | 2 h 29 min atrás
U.S. Economy Surges More Than Previously Estimated In Q2

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.
RTTNews | 2 h 51 min atrás
U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.
RTTNews | 2 h 58 min atrás