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Provider: Thomson Reuters Stock Report
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The Wendy'S Co Reaffirms FY 2012 EBITDA Guidance; Updates FY 2013 EBITDA Guidance To A Range In Line With Analysts' Estimates

Thursday, 8 Nov 2012 07:30am EST 

The Wendy'S Co announced that for fiscal 2012, it reiterated outlook for Adjusted EBITDA from continuing operations in a range of $320 million to $335 million. The outlook for Adjusted EBITDA from continuing operations excludes items such as debt extinguishment costs, as well as relocation costs and other transition expenses from the consolidation of the Company's Atlanta restaurant support center with its Dublin, Ohio restaurant support center, in addition to impairment and other costs related to the closure of underperforming restaurants. For fiscal 2013, the Company issued its preliminary outlook for Adjusted EBITDA of $350 million to $360 million. Included in the outlook is the cost of a $10 million incentive program for franchisees to reimage their restaurants in 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $326 million for fiscal 2012 and EBITDA of $346 million for fiscal 2013. 

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-0.13 -1.58%
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