Key Developments: Wendys Co (WEN.OQ)

WEN.OQ on NASDAQ Stock Exchange Global Select Market

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23 Jan 2015
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Latest Key Developments (Source: Significant Developments)

The Wendy'S Co completes sale of 70 dallas-fort worth restaurants
Monday, 17 Feb 2014 04:30pm EST 

The Wendy'S Co:Says the sale of 70 restaurants in the Dallas-Ft. Worth metroplex to Texas-based MUY Hamburger Partners, LLC, a Wendy's franchisee.Transaction is part of the company's System Optimization initiative, designed to promote new restaurant growth and reimaging, while generating a more predictable revenue stream for the company.Says it has completed the market-by-market sale of 314 restaurants so far, and expects to complete all of the sales by the end of the First Quarter 2014.Anticipates total proceeds from System Optimization of about $235 million, including $138 million in 2013.  Full Article

The Wendy'S Co gives FY 2014 earnings guidance above analysts' estimates; gives FY 2014 same-restaurant sales guidance - Conference Call
Monday, 13 Jan 2014 08:30am EST 

The Wendy'S Co:Says FY 2014 same-restaurant sales growth guidance of 2.5pct to 3.5pct.Says FY 2014 adjusted EBITDA to be a range of $390 million to $400 million.Says FY 2014 adjusted EPS at the $0.34 to $0.36 range.FY 2014 EPS of $0.30 and EBITDA of $383 million - Thomson Reuters I/B/E/S.  Full Article

The Wendy'S Co Plans Sale of 54 Salt Lake City Restaurants to NPC International
Wednesday, 20 Nov 2013 08:30am EST 

The Wendy'S Co announced plans to sell 54 restaurants, including one in development, in the Salt Lake City market to a subsidiary of NPC International, Inc., restaurant operator in the U.S. with more than 1,200 restaurants. The operator currently has a total of 37 Wendy's restaurants in two states. Wendy's announced plans in July to geographically concentrate its restaurant ownership through the sale of about 425 Company-operated restaurants in 13 U.S. markets, primarily in the West. Restaurants are being sold to qualified operators on a market-by-market basis, with the completion of this process targeted by second quarter 2014. Included in these agreements are specific plans to reimage certain restaurants in Wendy's contemporary Image Activation restaurant design. They also include development plans for new restaurants.  Full Article

The Wendy'S Co Raises FY 2013 Earnings Guidance
Thursday, 7 Nov 2013 07:30am EST 

The Wendy'S Co announced that for fiscal 2013, the Company is raising its Adjusted EBITDA outlook to approximately $365 million and its Adjusted Earnings Per Share (EPS) outlook to approximately $0.25. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $363 million and EPS of $0.23 for fiscal 2013.  Full Article

The Wendy'S Co Declares Regular Quarterly Cash Dividend
Thursday, 31 Oct 2013 04:05pm EDT 

The Wendy'S Co announced the declaration of its regular quarterly cash dividend of $0.05 per share, payable on Dec. 16, 2013 to shareholders of record as of Dec. 2, 2013.  Full Article

The Wendy'S Co Announces Sale Of 30 Restaurants To Franchisee Junior Bridgeman And Current NBA Star Chauncey Billups As Part Of System Optimization Initiative
Tuesday, 13 Aug 2013 09:00am EDT 

The Wendy'S Co announced the sale of 30 restaurants in the St. Louis market to BB St. Louis, LLC, a partnership headed by current Wendy's franchisee and former National Basketball Association great Junior Bridgeman, along with current NBA star Chauncey Billups. The transaction includes 29 existing restaurants and one restaurant currently under construction.  Full Article

The Wendy'S Co Raises Long Term EPS Guidance; Reaffirms Long Term EBITDA Guidance
Tuesday, 23 Jul 2013 07:30am EDT 

The Wendy'S Co announced that it will generate a long-term Adjusted Earnings Per Share (EPS) growth rate in the mid-teens, beginning in fiscal 2014, compared to its previous guidance of high single-digit to low double-digit growth. The Company also reaffirmed its long-term Adjusted EBITDA outlook of high single-digit to low double-digit growth. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $355 million and EPS of $0.21 for fiscal 2013; EBITDA of $377 million and EPS of $0.23 for fiscal 2014; EBITDA of $387 million and EPS of $0.24 for fiscal 2015.  Full Article

The Wendy'S Co Announces Quarterly Cash Dividend
Tuesday, 23 Jul 2013 07:30am EDT 

The Wendy'S Co announced that the Company's Board of Directors authorized a 25% increase in the quarterly cash dividend rate from $0.04 to $0.05 per share. The increase will be effective with the next quarterly cash dividend, which is payable September 17, 2013, to shareholders of record as of September 3, 2013.  Full Article

The Wendy'S Co Reaffirms FY 2013 EBITDA Guidance; Raises FY 2013 EPS Guidance
Wednesday, 8 May 2013 07:00am EDT 

The Wendy'S Co reiterated fiscal 2013 outlook for Adjusted EBITDA of $350 million to $360 million and Adjusted Earnings Per Share of $0.20 to $0.22. Estimated fiscal 2013 Adjusted Earnings Per Share excludes $20 to $25 million of anticipated pretax depreciation for existing assets that will be replaced as part of the Company's Image Activation initiative. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $352 million and EPS of $0.19 for fiscal 2013.  Full Article

The Wendy'S Co Announces Todd Penegor To Become Chief Financial Officer
Monday, 6 May 2013 12:00pm EDT 

The Wendy'S Co announced that Todd Penegor, most recently President of the Kellogg Company's U.S. Snacks Division, will join Wendy's as Chief Financial Officer in June.  Full Article

UPDATE 1-High beef costs, intense competition hit Wendy's sales and profit

Nov 6 - Wendy's Co, the No. 3 U.S. hamburger chain, reported quarterly sales and profit below analysts' estimates, mostly due to higher beef costs and intense competition in North America.

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