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Wendys Co (WEN.OQ)

WEN.OQ on NASDAQ Stock Exchange Global Select Market

13.43USD
24 Mar 2017
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$-0.04 (-0.30%)
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Latest Key Developments (Source: Significant Developments)

NPC International to acquire 62 Wendy's units from Wendy's franchisee
Thursday, 9 Mar 2017 09:37am EST 

NPC International Inc: Announces agreement to acquire 62 Wendy's units from Wendy's franchisee . Also agreed to acquire six fee property locations from Valenti Mid-Atlantic Realty for $3.6 million . To acquire 62 Wendy's restaurants for $52.6 million, plus amounts for working capital .Acquisition is expected to be funded primarily with available cash on hand and borrowings on NPC's $110 million revolver.  Full Article

Delight Restaurant Group announces acquisition of 30 Wendy's restaurants from The Wendy's Company
Monday, 20 Feb 2017 09:13am EST 

Delight Restaurant Group :Delight Restaurant Group announces acquisition of 30 Wendy's restaurants from The Wendy's Company as part of the company's previously announced system optimization initiative.  Full Article

Wendy's Co reports Q4 earnings per share $0.11 from continuing operations
Thursday, 16 Feb 2017 06:00am EST 

Wendys Co - : Company announces accelerated G&A savings and capex reduction on path to 2020 goals . Wendys Co sees 2017 same-restaurant sales growth of approximately 2 to 3 percent for North America system . Board of directors authorizes 8 percent increase in quarterly dividend rate and new $150 million share repurchase program . The Wendy's Company reports preliminary 2016 results; announces 2017 outlook and updates 2020 goals . Q4 adjusted earnings per share $0.08 from continuing operations . Q4 earnings per share $0.11 from continuing operations . Q4 revenue $309.9 million versus I/B/E/S view $308.5 million . Q4 earnings per share view $0.09 -- Thomson Reuters I/B/E/S . Sees FY 2017 adjusted earnings per share about $0.45 to $0.47 . Wendys Co sees 2017 capital expenditures of approximately $80 to $90 million . Wendys Co sees 2017 flat company-operated restaurant margin compared to 2016 . Wendys Co - completed its plan to reduce its company-operated restaurant ownership to approximately 5 percent of total system . During 2016 we facilitated 144 buy and flips and expect to complete around 400 in 2017 . Wendys Co sees adjusted ebitda margin of 38 to 40 percent by 2020 . Sees 2017 adjusted ebitda of approximately $396 to $404 million . Wendys Co sees free cash flow of about $275 million by 2020 . Wendys Co - global restaurant sales (in constant currency and excluding venezuela) of $12 billion as part of 2020 goals.  Full Article

Nelson Peltz reports 23.45 pct stake in Wendys as of Dec. 6 - SEC Filing
Wednesday, 7 Dec 2016 07:04am EST 

Wendys Co:Nelson Peltz reports 23.45 pct stake in Wendys as of December 6 - sec filing.  Full Article

The Wendy's Company reports third-quarter 2016 results
Wednesday, 9 Nov 2016 07:30am EST 

Wendys Co : The Wendy's Company reports third-quarter 2016 results . Qtrly same-restaurant sales increased 1.4 percent at North America system restaurants in Q3 of 2016 . Sees fy 2016 same-restaurant sales growth of approximately 1.5 percent for North America system . Wendys co says announces intent to enter into accelerated share repurchase transaction for $150 million . Wendys co says board of directors authorizes 8-percent increase in quarterly dividend rate . Sees fy 2016 restaurant margin of approximately 19.0 percent at North America company-operated restaurants . Wendys co says increase in quarterly dividend rate, from 6 cents per share to 6.5 cents per share . Sees 2016 capital expenditures of approximately $145 million . Continues to expect to achieve adjusted ebitda margin of 38 to 40 percent by end of 2020 . Q3 adjusted earnings per share $0.11 from continuing operations . Q3 earnings per share $0.18 from continuing operations . Q3 revenue $364 million versus I/B/E/S view $350 million . Q3 earnings per share view $0.10 -- Thomson Reuters I/B/E/S .Raises fy 2016 adjusted earnings per share view to $0.40 to $0.41.  Full Article

Osamu Shiseki to replace Ernest M. Higa as CEO of Wendy's Japan - Nikkei
Monday, 29 Aug 2016 01:23pm EDT 

Nikkei: Osamu Shiseki, now an adviser to Wendy's, will replace Ernest M. Higa as CEO of Wendy's Japan and subsidiary First Kitchen - Nikkei .Ernest M. Higa will retain representation rights as Chairman of Wendy's Japan - nikkei.  Full Article

The Wendy's Co Q2 EPS $0.10 from continuing operations
Wednesday, 10 Aug 2016 07:55am EDT 

The Wendy's Co : Reports Second-Quarter 2016 results . Q2 earnings per share $0.10 from continuing operations . Q2 earnings per share view $0.09 -- Thomson Reuters I/B/E/S . Raises fy 2016 adjusted earnings per share view to $0.39 to $0.40 . Q2 adjusted earnings per share $0.10 from continuing operations . Q2 revenue $382.7 million versus i/b/e/s view $367.6 million . Provides updated 2016 outlook, increases long-term margin goal . Company repurchases 5.9 million shares for $61.0 million in q2 . Sees 2016 restaurant margin of approximately 19.0 percent at north america . Restaurant sales growth of approximately 1.0 to 2.0 percent for north america system . Company on track to achieve 2020 north america system goals . Wendys co sees 2016 capital expenditures of approximately $135 million to $145 million . Continues to expect to achieve north america system goals by end of 2020 . Increasing its outlook for 2016 adjusted earnings per share to $0.39 to $0.40 . On track to achieve 2020 north america system goals, adds adjusted ebitda margin as new 2020 company goal . Increasing its outlook for 2016 adjusted ebitda to flat to up 1 percent compared to 2015 . Fy2016 earnings per share view $0.39 -- Thomson Reuters I/B/E/S . Company intends to sell a total of approximately 315 restaurants to franchisees during 2016 . Company now expects third phase of system optimization to generate pretax proceeds of approximately $435 million.  Full Article

Wendy's says gap between cost of eating at home and dining out weakened Q2 sales
Wednesday, 10 Aug 2016 07:30am EDT 

Wendy's Co : CEO on a conference call says most notable driver behind sales slowdown appears to be continued gap between cost of eating at home and cost of dining out . Executive says expects 5-6 percent deflation in commodity costs due to the continued favorability in beef prices .Executive says "there is a lot of uncertainty in consumers' minds as we work through the election".  Full Article

Wendys sets regular quarterly cash dividend of $0.06/shr
Thursday, 4 Aug 2016 04:05pm EDT 

Wendys Co :Sets regular quarterly cash dividend of $0.06 per share.  Full Article

NPC International to acquire 39 Wendy's units from Wendy's co
Wednesday, 29 Jun 2016 09:43am EDT 

NPC International [NPCI.UL] : NPC International Inc announces agreement to acquire 39 Wendy's units from Wendy's Co . NPC International says to acquire 35 Wendy's restaurants for $29.2 million . NPC International says also agreed to acquire four restaurants recently constructed by Wendy's for a cost of $7.4 million . NPC International says it plans to remodel certain acquired and existing restaurants in Wendy's new image activation format . NPC International says restaurants will be owned and operated by co's unit NPC Quality Burgers Inc .says units to be acquired are located in Raleigh-Durham metropolitan area.  Full Article

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BRIEF-NPC International to acquire 62 Wendy's units from Wendy's franchisee

* Announces agreement to acquire 62 Wendy's units from Wendy's franchisee