Key Developments: The Wendy's Co (WEN.O)
6.00USD
23 May 2013
$-0.02 (-0.33%)
$6.02
$5.97
$6.00
$5.86
3,325,283
4,299,466
$6.19
$4.09
Latest Key Developments (Source: Significant Developments)
The Wendy'S Co Reaffirms FY 2013 EBITDA Guidance; Raises FY 2013 EPS Guidance
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
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
The Wendy'S Co Announces Regular Quarterly Cash Dividend Of $0.04 Per Share
The Wendy'S Co announced the declaration of its regular quarterly cash dividend of $0.04 per share, payable on June 17, 2013 to stockholders of record as of June 3, 2013. Full Article
The Wendy'S Co Reiterates FY 2013 Earnings Guidance
The Wendy'S Co reiterated fiscal 2013 outlook for Adjusted EBITDA of $350 million to $360 million and Adjusted Earnings Per Share of $0.18 to $0.20. Estimated fiscal 2013 Adjusted Earnings Per Share excludes $20 to $30 million of anticipated pretax depreciation for existing assets that will be replaced as part of the Company's Image Activation initiative. Full Article
The Wendy'S Co Declares Quarterly Dividend
The Wendy'S Co announced that the declaration of its regular quarterly cash dividend of $0.04 per share. The dividend is payable on March 15, 2013, to stockholders of record as of March 1, 2013. Full Article
The Wendy'S Co Reaffirms FY 2013 EBITDA Guidance; Issues FY 2013 EPS Guidance Above Analysts' Estimates
The Wendy'S Co reaffirmed fiscal 2013 adjusted EBITDA in the range of $350 to $360 million. The Company expects fiscal 2013 adjusted earnings per share (EPS) in the range of $0.18-$0.20. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $348 million and EPS of $0.17 for fiscal 2013. Full Article
The Wendy'S Co Authorizes Dividend And Share Repurchase
The Wendy'S Co announced that the Board of Directors have authorized a 100% increase in the quarterly cash dividend rate to $0.04 per share, as well as a new share repurchase program for up to $100 million of the Company's common stock through December 29, 2013. Full Article
The Wendy'S Co Reaffirms FY 2012 EBITDA Guidance; Updates FY 2013 EBITDA Guidance To A Range In Line With Analysts' Estimates
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. Full Article
The Wendy'S Co Declares Quarterly Cash Dividend
The Wendy'S Co announced that Board of Directors authorized a 100 % increase in the quarterly cash dividend rate from $0.02 to $0.04 per share. The increase will be effective with the next quarterly cash dividend, which is payable December 17 to stockholders of record as of December 3. Full Article
The Wendy’s Company Reaffirms FY 2012. 2013 EBITDA Guidance
The Wendy’s Company reaffirmed fiscal 2012 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 Atlanta restaurant support center with the Dublin, Ohio restaurant support center, in addition to impairment and costs related to the closure of underperforming restaurants. The Company continues to target an average annual Adjusted EBITDA growth rate in the high-single-digit to low-double-digit range beginning in fiscal 2013. Full Article
UPDATE 3-McDonald's, Wendy's dig in on deals in battle for diners
* McDonald's U.S. April sales top expectations, helped by deals
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
