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Wendys Co (WEN.OQ)

WEN.OQ on NASDAQ Stock Exchange Global Select Market

16.32USD
26 May 2017
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$-0.25 (-1.51%)
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Latest Key Developments (Source: Significant Developments)

Wendys Co stockholders at the annual meeting elected each of the 11 director nominees
Thursday, 25 May 2017 05:17pm EDT 

May 25 (Reuters) - Wendys Co :Wendys Co says on May 23, 2017, stockholders at the annual meeting elected each of the 11 director nominees.Wendys Co says stockholders did not approve a stockholder proposal regarding an independent board chairman.  Full Article

Wendy's on conf call- did not see material impact from McDonald's testing fresh beef in Dallas
Wednesday, 10 May 2017 10:36am EDT 

May 10 (Reuters) - Wendys Co :CFO - "consumer continues to be very responsible even with growing discretionary income...they're still managing higher cost like health care, rent and student loan debt".CFO - seeing a lot of value messaging from the competitive set.CFO - gap between food at home and food away from home closed a bit, but still very wide.CFO - testing delivery, have a delivery test in Columbus and Dallas with door dash.Didn't see material impact from McDonald's testing fresh beef in Dallas.  Full Article

The Wendy's Company reports Q1 earnings per share $0.09
Wednesday, 10 May 2017 07:30am EDT 

May 10 (Reuters) - Wendys Co : :Wendys Co - expects to achieve approximately three-quarters of savings by end of 2018.The Wendy's company reports first quarter 2017 results.Q1 adjusted earnings per share $0.09.Q1 earnings per share $0.09.Q1 revenue $285.8 million versus I/B/E/S view $282.6 million.Wendys Co - reiterates 2020 G&A expense savings target of approximately $35 million.Q1 earnings per share view $0.08 -- Thomson Reuters I/B/E/S.Wendys Co - company on track to achieve 2020 goals.Wendys Co sees FY adjusted EBITDA of approximately $400 to $406 million.Wendys Co sees FY company-operated restaurant margin of approximately 18.5 percent.Wendys Co sees FY capital expenditures of approximately $80 to $90 million.Wendys Co - sees FY same-restaurant sales growth of approximately 2 to 3 percent for north america system.Wendys Co - sees FY adjusted earnings per share of approximately $0.45 to $0.47.Wendys Co - qtrly North America same-restaurant sales increase 1.6pct (+5.2pct on a two-year basis).FY2017 earnings per share view $0.46 -- Thomson Reuters I/B/E/S.  Full Article

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

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BRIEF-Wendys Co stockholders at the annual meeting elected each of the 11 director nominees

* Wendys Co says on May 23, 2017, stockholders at the annual meeting elected each of the 11 director nominees