Edition:
United States

Wendys Co (WEN.OQ)

WEN.OQ on NASDAQ Stock Exchange Global Select Market

15.36USD
14 Dec 2017
Change (% chg)

$-0.27 (-1.73%)
Prev Close
$15.63
Open
$15.64
Day's High
$15.74
Day's Low
$15.32
Volume
627,441
Avg. Vol
772,734
52-wk High
$16.65
52-wk Low
$13.05

Latest Key Developments (Source: Significant Developments)

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

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

BRIEF-The Wendy's Co Prices $925 Mln Securitized Financing Facility

* THE WENDY'S COMPANY PRICES $925 MILLION SECURITIZED FINANCING FACILITY