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Wendys Co (WEN.OQ)

WEN.OQ on NASDAQ Stock Exchange Global Select Market

17.17USD
21 Sep 2018
Change (% chg)

$-0.31 (-1.77%)
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Latest Key Developments (Source: Significant Developments)

Trian Fund Management LP Cuts Share Stake In Mondelez, Wendys
Tuesday, 15 May 2018 05:17pm EDT 

May 15 (Reuters) - Trian Fund Management LP ::TRIAN FUND MANAGEMENT LP MORE THAN HALVES SHARE STAKE IN MONDELEZ TO 18.8 MILLION SHARES - SEC FILING.TRIAN FUND MANAGEMENT CUTS SHARE STAKE IN WENDYS CO BY 5 MILLION SHARES TO 34 MILLION SHARES - SEC FILING.  Full Article

Wendy's Reports Q1 Adjusted Earnings Per Share $0.11
Tuesday, 8 May 2018 04:05pm EDT 

May 8 (Reuters) - Wendys Co ::NORTH AMERICA SAME-RESTAURANT SALES INCREASE 1.6% IN 1Q.THE WENDY'S COMPANY REPORTS FIRST QUARTER 2018 RESULTS.SEES FY 2018 ADJUSTED EARNINGS PER SHARE ABOUT $0.55 TO $0.57.QTRLY ADJUSTED EARNINGS PER SHARE $0.11.QTRLY REPORTED DILUTED EARNINGS PER SHARE $0.08.QTRLY TOTAL REVENUES $380.6 MILLION VERSUS $361.0 MILLION.CONTINUES TO EXPECT NORTH AMERICA SAME-RESTAURANT SALES GROWTH OF APPROXIMATELY 2.0 TO 2.5 PERCENT FOR 2018.SEES CAPITAL EXPENDITURES OF APPROXIMATELY $75 TO $80 MILLION FOR 2018.SEES FREE CASH FLOW OF APPROXIMATELY $220 TO $240 MILLION FOR 2018.ON TRACK TO ACHIEVE 2020 GOALS.Q1 EARNINGS PER SHARE VIEW $0.10, REVENUE VIEW $379.5 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $0.55 -- THOMSON REUTERS I/B/E/S.DECLARATION OF REGULAR QUARTERLY CASH DIVIDEND OF 8.5 CENTS PER SHARE.  Full Article

Nelson Peltz Cuts Stake In Wendys To 20.57 Pct As Of Feb 26, 2018
Tuesday, 27 Feb 2018 09:06am EST 

Feb 27 (Reuters) - Wendys Co ::NELSON PELTZ SAYS CUTS STAKE IN WENDYS CO TO 20.57 PERCENT AS OF FEB 26, 2018 FROM A STAKE OF 22.33 PERCENT AS OF JUNE 5, 2017 - SEC FILING.  Full Article

The Wendy's Company Q4 EPS $0.64
Wednesday, 21 Feb 2018 04:05pm EST 

Feb 21 (Reuters) - Wendys Co ::THE WENDY'S COMPANY REPORTS PRELIMINARY 2017 RESULTS; ANNOUNCES 2018 OUTLOOK AND UPDATES 2020 GOALS.Q4 ADJUSTED EARNINGS PER SHARE $0.11.Q4 EARNINGS PER SHARE $0.64.Q4 REVENUE $309.2 MILLION VERSUS $309.9 MILLION.SEES FY 2018 ADJUSTED EARNINGS PER SHARE ABOUT $0.54 TO $0.56.SEES 2018 CAPITAL EXPENDITURES OF APPROXIMATELY $75 MILLION TO $80 MILLION.SEES 2018 ADJUSTED EARNINGS PER SHARE OF APPROXIMATELY $0.54 TO $0.56.BY END OF 2020, CO NOW EXPECTS ADJUSTED EBITDA MARGIN OF 37 PERCENT TO 39 PERCENT.WENDYS - CONTINUES TO EXPECT TO ACHIEVE GLOBAL SYSTEMWIDE SALES (IN CONSTANT CURRENCY AND EXCLUDING VENEZUELA) OF ABOUT $12 BILLION BY END OF 2020.SEES 2018 NORTH AMERICA SAME-RESTAURANT SALES GROWTH OF APPROXIMATELY 2.0 TO 2.5 PERCENT.NORTH AMERICA SAME-RESTAURANT SALES INCREASE 1.3% IN Q4.‍BOARD OF DIRECTORS AUTHORIZED 21% INCREASE IN QUARTERLY DIVIDEND RATE AND NEW $175 MILLION SHARE REPURCHASE PROGRAM​.‍BY END OF 2020, COMPANY NOW EXPECTS GLOBAL RESTAURANT COUNT OF ABOUT 7,250​.Q4 EARNINGS PER SHARE VIEW $0.11, REVENUE VIEW $313.5 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $0.58 -- THOMSON REUTERS I/B/E/S.  Full Article

The Wendy's Company Board Of Directors Authorizes 21 Pct Dividend Rate Increase
Thursday, 15 Feb 2018 04:05pm EST 

Feb 15 (Reuters) - Wendys Co ::THE WENDY'S COMPANY BOARD OF DIRECTORS AUTHORIZES 21 PERCENT DIVIDEND RATE INCREASE AND NEW $175 MILLION SHARE REPURCHASE PROGRAM.SETS QUARTERLY CASH DIVIDEND OF $0.085PER SHARE.INTENDS TO REPURCHASE SHARES WITH EXISTING CASH ON ITS BALANCE SHEET AND CASH FLOW FROM OPERATIONS..  Full Article

Meritage Reports Acquisition Of 38 Wendy's Restaurants In Connecticut And Massachusetts
Wednesday, 31 Jan 2018 08:00am EST 

Jan 31 (Reuters) - Meritage Hospitality Group Inc ::MERITAGE REPORTS ACQUISITION OF 38 WENDY’S RESTAURANTS LOCATED IN CONNECTICUT AND MASSACHUSETTS.MERITAGE HOSPITALITY - ‍FUNDED ACQUISITION THROUGH A PRIVATE PLACEMENT OF PREFERRED STOCK, CASH ON HAND AND DEBT FINANCING​.MERITAGE HOSPITALITY - ‍EXPECTS RESTAURANTS ACQUIRED TO ADD ABOUT $75.0 MILLION IN ANNUAL SALES AND BE ACCRETIVE TO EARNINGS GOING FORWARD​.  Full Article

The Wendy's Co Prices $925 Mln Securitized Financing Facility
Wednesday, 6 Dec 2017 04:30pm EST 

Dec 6 (Reuters) - Wendys Co ::THE WENDY'S COMPANY PRICES $925 MILLION SECURITIZED FINANCING FACILITY.WENDYS CO - HAS ENTERED INTO A PURCHASE AGREEMENT UNDER WHICH ONE OF ITS INDIRECT, SPECIAL PURPOSE SUBSIDIARIES.WENDYS CO - AGREED TO ISSUE AND SELL $450 MILLION OF ITS SERIES 2018-1 3.573% FIXED RATE SENIOR SECURED NOTES, CLASS A-2-I.WENDYS CO - AGREED TO ISSUE AND SELL $475 MILLION OF ITS SERIES 2018-1 3.884% FIXED RATE SENIOR SECURED NOTES, CLASS A-2-II.WENDYS CO - INTEREST PAYMENTS ON 2018 NOTES ARE PAYABLE ON A QUARTERLY BASIS.WENDYS CO - ANTICIPATED REPAYMENT DATES OF CLASS A-2-I NOTES AND CLASS A-2-II NOTES WILL BE MARCH 2025 AND MARCH 2028, RESPECTIVELY.WENDYS CO - MASTER ISSUER ALSO INTENDS TO ENTER INTO A PURCHASE AGREEMENT UNDER WHICH IT WILL ISSUE $150 MILLION SERIES 2018-1 CLASS A-1 NOTES.WENDYS - NET PROCEEDS FROM EXPECTED SALE OF 2018 NOTES WILL BE USED TO REDEEM MASTER ISSUER'S OUTSTANDING SERIES 2015-1 CLASS A-2-I NOTES, AMONG OTHERS.  Full Article

Wendy's Co Announces Refinancing Transaction
Tuesday, 28 Nov 2017 07:30am EST 

Nov 28 (Reuters) - Wendys Co ::THE WENDY'S COMPANY ANNOUNCES REFINANCING TRANSACTION.WENDYS CO - ‍CONSUMMATION OF OFFERING IS SUBJECT TO MARKET AND OTHER CONDITIONS AND IS ANTICIPATED TO CLOSE IN Q1 OF 2018​.WENDYS CO - ‍CO'S SUBSIDIARIES INTEND TO ISSUE AT LEAST $875 MILLION OF NEW SENIOR SECURED NOTES​.WENDYS CO -CO'S SUBSIDIARIES ALSO INTEND TO ENTER INTO A NEW $150 MILLION VARIABLE FUNDING NOTE FACILITY, WHICH WILL REPLACE SERIES 2015-1 CLASS A-1 NOTES​.WENDYS -SOME UNITS COMMENCED REFINANCING DEAL, CONSISTING OF REFINANCING OF PORTION OF OUTSTANDING SECURITIZATION DEBT, NEW SERIES OF SECURITIZED DEBT​.WENDYS CO - UNITS ‍PLAN TO USE PROCEEDS FROM SALE OF SERIES 2018-1 NOTES TO REDEEM SERIES 2015-1 CLASS A-2-I NOTES.  Full Article

Eminence Capital LP reports 5.2 pct passive stake in Wendys as of Nov 14, 2017
Friday, 24 Nov 2017 02:18pm EST 

Nov 24 (Reuters) - Wendys Co :Eminence Capital LP reports 5.2 percent passive stake in wendys co as of November 14, 2017 - SEC Filing‍​.  Full Article

Wendy's reports Q3 adjusted earnings per share of $0.09
Wednesday, 8 Nov 2017 07:30am EST 

Nov 8 (Reuters) - Wendy's Co ::Reports third quarter 2017 results.Q3 adjusted earnings per share $0.09.Q3 earnings per share $0.06.Q3 revenue $308 million versus I/B/E/S view $311.9 million.Q3 earnings per share view $0.12 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted earnings per share about $0.43 to $0.45.Qtrly ‍North America same-restaurant sales increase 2.0 percent.Estimates hurricanes in U.S. negatively impacted North America system same-restaurant sales by approximately 30 to 40 basis-points in Q3​.Sees ‍2017 capital expenditures of approximately $80 to $85 million​.Company on track to achieve 2020 goals​.Company continues to expect to achieve global systemwide sales (in constant currency and excluding Venezuela) of about $12 billion by end of 2020​.Continues to expect to achieve by end of 2020 global restaurant count of about 7,500​.During 2017, company now expects same-restaurant sales growth of approximately 2.0 to 2.5 percent for North America system​.During 2017, expects company-operated restaurant margin of approximately 17.5 to 18.0 percent​.FY2017 earnings per share view $0.46, revenue view $1.23 billion -- Thomson Reuters I/B/E/S.  Full Article

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Wendy's sells stake in Arby's owner for $450 million

Hamburger company Wendy's Co ended its decade-old ties with Arby's as it sold its 12.3 percent stake in the sandwich chain's parent for $450 million on Thursday, giving it a boost as it battles larger rivals McDonald's and Burger King.