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Wendys Co (WEN.OQ)

WEN.OQ on NASDAQ Stock Exchange Global Select Market

13.59USD
7 Dec 2016
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Latest Key Developments (Source: Significant Developments)

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

Franchisee Wendy's Japan to acquire First Kitchen
Wednesday, 1 Jun 2016 03:45am EDT 

Wendys Co : Franchisee wendy's japan to acquire first kitchen with 136 restaurants . Closing of deal, which involves 136 restaurants, is anticipated at end of june .Wendy's japan , has entered into a definitive agreement to acquire 100% of equity of first kitchen ltd. From suntory holdings ltd.  Full Article

The Wendy's Company appoints Todd Penegor as CEO
Thursday, 26 May 2016 08:30am EDT 

Wendys Co : Todd Penegor has been appointed chief executive officer of company, in addition to his current role as president . Emil Brolick has retired from management duties with company . Bob Wright, EVP and chief operations officer, will assume leadership responsibilities for international division on May 30 . Penegor has served as chief financial officer of company since 2013 . Brolick will continue to serve on board of directors, and Penegor will join board of directors .The Wendy's Company appoints Todd Penegor chief executive officer.  Full Article

Wendy's Co announces leadership changes
Tuesday, 19 Apr 2016 04:35pm EDT 

Wendy's Co:Gunther Plosch will join the Company on May 2, 2016 and will serve as the Company's Chief Financial Officer following a transition period during the month of May.Brolick is expected to be succeeded as Chief Executive Officer by current President and Chief Financial Officer Todd Penegor.Brolick is expected to continue to serve on the Company's Board of Directors following his retirement to ensure continuity of leadership and strategic focus for the Company.  Full Article

The Wendy's Company Announces Regular Quarterly Cash Dividend Of $0.06 Per Share
Wednesday, 17 Feb 2016 04:05pm EST 

The Wendy's Company:Says declaration of its regular quarterly cash dividend of $0.06 per share.payable on March 15, 2016, to shareholders of record as of March 1, 2016.  Full Article

The Wendy'S Co gives FY 2016 and long-term outlook
Tuesday, 9 Feb 2016 06:01am EST 

The Wendy'S Co:Expects FY 2016 adjusted earnings per share of $0.35 to $0.37, with adjusted EBITDA down 2 percent to flat, due primarily to the timing of the 327 company-operated restaurants sold during 2015.Expects FY 2016 same-restaurant sales growth of about 3 percent for North America system.Expects adjusted earnings per share growth in high teens in FY 2017 and adjusted earnings per share growth of greater than 20 percent beginning in FY 2018.Expects adjusted EBITDA to be about flat in FY 2017 due to the impact of the anticipated sale of about 315 company-operated restaurants during FY 2016.Expects adjusted EBITDA to increase about 10 percent during FY 2018.  Full Article

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Wendy's sales beat as more diners visit burger chain

Wendy's Co reported higher-than-expected quarterly sales as more diners visited the burger chain's outlets, despite a fall in grocery prices that has encouraged people to eat at home.