The Wendy's Company
 (WEN)

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  • Aug. 5, 2015, 7:58 AM
    • Same-store sales rose 2.2% for Wendy's (NASDAQ:WEN) in Q2.
    • A higher sales growth rate was recorded at restaurants reimaged.
    • The company recorded a 40 bps gain in North America company-owned restaurant operating margin to 18.2%.
    • Operating profit +100 bps to 13.1%.
    • Guidance: Wendy's raises its view for 2015 adjusted EBITDA to $385M-$390M and sees a restaurant operating margin of 17.0% to 17.5%. The company also says it will buy and sell restaurants "opportunistically" to drive growth and accelerate the image activation adoption.
    • Previously: Wendy's misses by $0.01, beats on revenue (Aug. 05 2015)
    • WEN -1.17% premarket to $10.17.
    | Aug. 5, 2015, 7:58 AM
  • Aug. 5, 2015, 7:34 AM
    • Wendy's (NASDAQ:WEN): Q2 EPS of $0.08 misses by $0.01.
    • Revenue of $489.53M (-3.3% Y/Y) beats by $3.48M.
    | Aug. 5, 2015, 7:34 AM | 3 Comments
  • Jul. 30, 2015, 4:39 PM
    • Wendy's (NASDAQ:WEN) declares $0.055/share quarterly dividend, in line with previous.
    • Forward yield 2.15%
    • Payable Sept. 15; for shareholders of record Sept. 1; ex-div Aug. 28.
    | Jul. 30, 2015, 4:39 PM | 5 Comments
  • Jul. 23, 2015, 4:36 AM
    | Jul. 23, 2015, 4:36 AM | 118 Comments
  • Jul. 11, 2015, 12:36 PM
    • Chipotle (NYSE:CMG) has raised prices in the San Francisco area by an average of 10.5% to help offset higher wages the chain is paying out in the region.
    • The minimum wage in San Francisco increased to $12.25/hr in May after sitting at $10.74/hr. The double-digit rise in prices at San Francisco-area Chipotle outlets compared to only a 0.5% increase across the U.S. for the company.
    • Restaurant industry watchers are busy analyzing the impact of minimum wage hikes in San Francisco, Los Angeles ($15), Seattle ($15), and other cities along with the proposed hikes in 29 states (DOL list). The ability to pass off some of the wage burden is crucial with restaurants generating a good portion of their sales growth through higher average guest spending, instead of bustling traffic.
    • What to watch: Though wage pressure is a factor for almost all companies in the restaurant sector, analysts note price elasticity varies widely by chain. Chipotle, Starbucks (NASDAQ:SBUX), Domino's Pizza (NYSE:DPZ) are expected to continue to ease past price hikes without a high correlation on demand, while smaller chains or privately-owned restaurants could be hit the hardest. Dine-in chains like Denny's (NASDAQ:DENN), Red Robin Gourmet Burgers (NASDAQ:RRGB), and IHOP (NYSE:DIN) are also expected to feel a pinch.
    • Burger watch: The rise of competition in the hamburger segment impacts price elasticity negatively for players like Shake Shake (NYSE:SHAK), Habit Restaurants (NASDAQ:HABT), Sonic (NASDAQ:SONC), Burger King (NYSE:QSR), Jack in the Box (NASDAQ:JACK) and Wendy's (NASDAQ:WEN) - while at the top of the heap the timing is tricky for McDonald's (NYSE:MCD) to become too aggressive with price increases amid its turnaround charge.
    • Previously: Higher guest spending boosts restaurants in Q2 (July 10)
    | Jul. 11, 2015, 12:36 PM | 26 Comments
  • Jul. 10, 2015, 2:08 PM
    | Jul. 10, 2015, 2:08 PM | 11 Comments
  • Jul. 9, 2015, 12:15 PM
    | Jul. 9, 2015, 12:15 PM | 41 Comments
  • Jun. 30, 2015, 8:08 AM
    | Jun. 30, 2015, 8:08 AM | 83 Comments
  • Jun. 4, 2015, 1:55 PM
    | Jun. 4, 2015, 1:55 PM | 7 Comments
  • Jun. 4, 2015, 7:51 AM
    • Wedbush Securities downgrades Wendy's (NASDAQ:WEN) to a Neutral rating from Outperform.
    • The investment firm thinks Wendy's pulled out the string yesterday on share price catalysts with its buyback announcement.
    • Wedbush trims its price target on Wendy's to $12 from $13.
    • WEN -1.22% premarket after jumping 3.33% yesterday to hit an all-time high of $11.71.
    | Jun. 4, 2015, 7:51 AM | 3 Comments
  • Jun. 3, 2015, 3:09 PM
    • There's quite a bit of action in the hamburger sector.
    • Wendy's (NASDAQ:WEN) says it aims to open 1,000 new restaurants by 2020 in an aggressive push.
    • The company isn't the only one looking to increase its store count. IPO high-fliers Shake Shack (NYSE:SHAK) and Habit Restaurants (NASDAQ:HABT) are expanding along with Smashburger and Five Guys. All four chains are looking to build off their differentiated concepts.
    • Sector giant McDonald's (NYSE:MCD) is pushing innovation at its fastest pace in years. All-day breakfast and a Create Your Taste customization platform are two of its initiatives.
    • Sonic (NASDAQ:SONC), Burger King (NYSE:QSR), and Jack in the Box (NASDAQ:JACK) have shown blazing same-store sales growth to start the year. The trio bumps up against a tougher compare in Q2.
    • Though store traffic trends have been favorable, two drags on profits in the burger sector are entry-level wage increases and escalated beef costs.
    | Jun. 3, 2015, 3:09 PM | 7 Comments
  • Jun. 3, 2015, 8:01 AM
    • Wendy's (NASDAQ:WEN) announces a new $1.4B share buyback program.
    • A Dutch auction tender announced earlier is part of the fresh buyback program.
    • The company also raised its view on 2015 EPS to $0.31-$0.33 vs. $0.34 consensus.
    • Previously: Trian Group to trim sizable position in Wendy's
    • WEN +4.04% premarket.
    | Jun. 3, 2015, 8:01 AM | 5 Comments
  • Jun. 3, 2015, 7:43 AM
    • Wendy's (NASDAQ:WEN) announces a Dutch auction tender for $639M in stock as part of its buyback program.
    • The company also discloses that The Trian Group intends to reduce its ownership stake in Wendy's to 17%-19.68% from a current position of 24.8% of outstanding shares.
    • The activist investment firm tipped off its intention to sell shares of Wendy's earlier in the year.
    • WEN -1.9% premarket to $10.89.
    | Jun. 3, 2015, 7:43 AM | 1 Comment
  • May 6, 2015, 9:11 AM
    | May 6, 2015, 9:11 AM | 1 Comment
  • May 6, 2015, 7:44 AM
    • Wendy's (NASDAQ:WEN) says same-restaurants sales increased 3.2% system-wide in Q1.
    • Higher sales at stores that were part of a reimaging program were a significant factor.
    • North America company-owned restaurant margin +160 bps to 14.7%.
    • G&A expenses fell 14.3% to $60.3M on a system optimization push.
    • Adjusted EBITDA margin +360 bps to 18.0% off the same system optimization improvements.
    • The company says it plans to sell its bakery operations.
    • Guidance: High single-digit EPS growth seen for 2016 and 2017 before a return to mid-to-high teen EPS growth.
    • Previously: Wendy's beats by $0.01, misses on revenue
    • WEN +0.7% premarket.
    | May 6, 2015, 7:44 AM
  • May 6, 2015, 7:31 AM
    • Wendy's (NASDAQ:WEN): Q1 EPS of $0.06 beats by $0.01.
    • Revenue of $466.25M (-10.9% Y/Y) misses by $9.38M.
    | May 6, 2015, 7:31 AM
Company Description
Wendy's Co franchises and operates company-owned Wendy's quick-service restaurants specializing in hamburger sandwiches throughout North America.
Sector: Services
Industry: Restaurants
Country: United States