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Wendys Co (WEN.OQ)

WEN.OQ on NASDAQ Stock Exchange Global Select Market

14.08USD
17 Nov 2017
Change (% chg)

$-0.10 (-0.71%)
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Latest Key Developments (Source: Significant Developments)

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

The Wendy's Company announces regular quarterly cash dividend of $0.07 per share
Thursday, 2 Nov 2017 04:05pm EDT 

Nov 2 (Reuters) - Wendys Co :The Wendy's Company announces regular quarterly cash dividend of $0.07 per share.  Full Article

Trian Fund Management cuts share stake in Wendys‍​
Friday, 11 Aug 2017 05:11pm EDT 

Aug 11 (Reuters) - Trian Fund Management::Cuts share stake in Wendys Co to 39 million shares from 44.5 million shares - SEC filing‍​.Change in holdings are as of June 30, 2017 and compared with the previous quarter ended as of March 31, 2017.  Full Article

Wendy's Co reports Q2 loss per share $0.01
Wednesday, 9 Aug 2017 07:30am EDT 

Aug 9 (Reuters) - Wendys Co :Wendy's Company reports second quarter 2017 results.Q2 adjusted earnings per share $0.15.Q2 loss per share $0.01.Q2 revenue $320.3 million versus I/B/E/S view $301.7 million.Q2 earnings per share view $0.13 -- Thomson Reuters I/B/E/S.Wendys Co sees ‍2017 capital expenditures of approximately $80 to $90 million​.Qtrly North America same-restaurant sales increase 3.2%.Wendys Co sees ‍ 2017 same-restaurant sales growth of approximately 2 to 3 percent for North America system​.Wendys Co sees 2017 ‍adjusted earnings per share of approximately $0.45 to $0.47​.Wendys Co sees ‍ 2017 adjusted EBITDA of approximately $404 to $410 million​.Wendys Co sees ‍ 2017 company-operated restaurant margin of approximately 18.0 to 18.5 percent​.Wendys Co - Company continues to expect to achieve global systemwide sales (in constant currency and excluding venezuela) of $12 billion by end of 2020.Wendys Co - ‍"on track to achieve 2020 goals"​.Wendys Co sees ‍2017 commodity cost inflation of approximately 3 to 4 percent compared to 2016​.Wendys Co - Company is reiterating its 2017 net new unit growth expectations of approximately 1 percent in North America.Wendys Co - Raising its 2017 international expectations of net new unit growth from approximately 12.5 percent to approximately 14 percent.Wendys Co - ‍ Recognized costs totaling $17.2 million during Q2, which primarily included severance and related employee costs and share-based compensation.  Full Article

The Wendy's Company announces quarterly cash dividend of $0.07 per share
Thursday, 3 Aug 2017 04:05pm EDT 

Aug 3 (Reuters) - Wendys Co :The Wendy's Company announces regular quarterly cash dividend of $0.07 per share.  Full Article

Wendys reports open market sale 5.5 mln shares of co's common stock by Trian Fund Management
Wednesday, 7 Jun 2017 05:34pm EDT 

June 7 (Reuters) - Wendys Co ::Wendys Co says Trian Fund Management Lp reports open market sale of 5.5 million shares of co's common stock at average price of $15.97/share - sec filing.Wendys Co says Trian Fund Management Lp's open market sale of co's common stock reported on june 5.  Full Article

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

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Competition, hurricanes dampen Wendy's results, forecast

Wendy's Co reported lower-than-expected quarterly profit and sales as increased competition, lower grocery prices and hurricanes hit traffic at restaurants, leading the burger chain to cut its full-year adjusted earnings per share forecast.