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

RTTNews | 968 дней спустя
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

Тэгов: 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 | 807 дней спустя
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 | 1080 дней спустя
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 | 1171 дней спустя
FTSE 100 Retreats After Positive Start

FTSE 100 Retreats After Positive Start

U.K. stocks opened on a positive note Friday morning after data showed an unexpected increase in UK retail sales in September. However, the market turned a bit easy subsequently, due largely to selling in some mining stocks as metal prices dropped from record highs.
RTTNews | 50 минут назад
Pound Falls Against Majors

Pound Falls Against Majors

The pound weakened against other major currencies in the European session on Friday.
RTTNews | 1ч 11мин назад
CAC 40 Down Nearly 0.5% In Cautious Trade

CAC 40 Down Nearly 0.5% In Cautious Trade

French stocks are showing weakness on Friday after preliminary data showed a drop in the nation's services sector activity in the month of October. Investors are also reacting to corporate earnings updates, and awaiting the release of delayed U.S. inflation figures for September.
RTTNews | 1ч 37мин назад
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Friday.
RTTNews | 1ч 41мин назад
Sensex, Nifty Snap Six-day Rally

Sensex, Nifty Snap Six-day Rally

Indian shares ended lower on Friday as the government refrained from confirming reports of an imminent deal with the United States and crude oil prices surged in international markets after the announcement of U.S. sanctions on two top Russian producers.
RTTNews | 2ч 2мин назад