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The Wendy's Company (WEN)

  • Wed, Feb. 18, 10:46 AM
    • Restaurants stocks are out-performing as a group after Jack in the Box, Qdboa, Tim Hortons, and Burger King all reported comparable-restaurant sales momentum this week.
    • The recent round of earnings from the sector has confirmed analyst predictions of a benefit from lower gas prices in the U.S.
    • The developments have also made the recent performance by McDonald's ((NYSE:MCD) -0.2%) look even more anemic.
    • Previously: Let's talks $2 gas (Nov. 29 2014)
    • Previously: Restaurant sales show sharp increase in January (Feb. 11 2015)
    • Leading gainers: Jack in the Box (NASDAQ:JACK) +6.0%, BJ's Restaurants (NASDAQ:BJRI) +3.6%, Sonic (NASDAQ:SONC) +2.6%, Texas Roadhouse (NASDAQ:TXRH) +2.2%, Brinker International (NYSE:EAT) +2.1%, Luby's (NYSE:LUB) +2.0%, Wendy's (NASDAQ:WEN) +1.5%, Cheesecake Factory (NASDAQ:CAKE) +1.4%, Nathan's Famous (NASDAQ:NATH) +1.3%, Ark Restaurants (NASDAQ:ARKR) +1.3%.
  • Tue, Feb. 3, 7:49 AM
    • Wendy's (NASDAQ:WEN) plans to sell another 500 restaurants to its franchisees.
    • The announcement is part of a company goal to own just 5% of its stores by the middle of 2016 in order to reduce costs and smooth out cash flow.
    • Wendy's turned a +1.9% comp in Q4 vs. -1.7% for McDonald's (closely overlapping).
    • Previously: Wendy's -1.5% after issuing preliminary results
    • WEN -1.5% premarket.
  • Tue, Feb. 3, 6:53 AM
    • Wendy's (NASDAQ:WEN) reports preliminary results for Q4.
    • Revenue -15% to $502M vs. $509M consensus.
    • EBITDA +20.3% to $107.1M.
    • EPS in-line at $0.10.
    • The company reports same-restaurant sales increased 1.9% during the quarter.
    • North American restaurant margin +50 bps to 16.8%.
    • 2015 guidance: EBITDA of $390M-$400M expected. EPS of $0.33-$0.35 vs. $0.39 consensus.
    • WEN -1.5% premarket.
    | Comment!
  • Thu, Jan. 8, 11:26 AM
    • Citi takes a bullish view on select names in the restaurant sector.
    • Wendy's (WEN +1%) is initiated at Buy with a $11 price target. Analyst Gregory Badishkanian sees some of the company's initiatives helping to draw in millennials.
    • Coverage on Chipotle (CMG +3.5%) is assumed again at a Buy with a $809 PT. Shares of CMG are at an all-time high after taking out $700 earlier this week.
    • The investment firm is also backing Restaurant Brands (QSR +2.7%) and Brinker International (EAT +1.1%) for gains with resumed Buy ratings.
    | Comment!
  • Nov. 6, 2014, 7:11 AM
    • Wendy's (NASDAQ:WEN) reports company-owned same-restaurant sales rose 2.0% in Q3, while franchise outlets delivered a lower 0.5% comp.
    • North America company-owned restaurant margin -10 bps to 15.5% with higher beef costs a drag.
    • Guidance: 2014 EBITDA of $390M expected. EPS of $0.34-$0.36 reaffirmed. For 2015, EBITDA growth in the mid-to-high single-digit rate is forecast off of a positive comp.
    • WEN +0.9% premarket
  • Aug. 25, 2014, 8:34 AM
    • Shares of Wendy's (NASDAQ:WEN) are on the move in premarket trading after Burger King discloses talks with Tim Hortons.
    • The company spun off Tim Hortons in 2006 and in Canada still has a number of combined unit locations.
    • WEN +1.8% premarket
    | Comment!
  • Aug. 7, 2014, 7:11 AM
    • Wendy's (NASDAQ:WEN) reports same-restaurant sales rose 3.9% in Q2.
    • The higher comp and an optimization initiative helped to drive up restaurant margin by 110 bps to 17.8%.
    • The restaurant operator's previous guidance for 2014 is reaffirmed.
    • WEN +0.1% premarket
    | Comment!
  • Feb. 27, 2014, 7:51 AM
    • Earnings are somewhat ahead of preliminary results released last month thanks to an arcane accounting adjustment.
    • Company reaffirms its 2014 outlook for adjusted EBITDA of $390M-$400M, "despite the adverse impact from winter storms during the first quarter" [they have to be kidding] Adjusted EPS is still expected at $0.34-$0.36. Average same-restaurant-sales growth of 2.5-3.5% at Company-operated stores (was 1.9% in 2013). Company-operated restaurant margin improvement of 140-160 basis points.
    • Management expects to continue to sell certain Company-owned restaurants to franchisees. Another 415 restaurants are on schedule to be sold by the end of Q1 for total proceeds to about $235M. Agreements are inked on another 174 restaurants.
    • 8.7M shares repurchased during 2013 at average price of $7.93 each. Pursuant to the Dutch Tender offer, 29.7M shares purchased in February at average price of $9.25 each.
    • Due to the January preliminary release, there will be no CC today.
    • Press release, Q4 results
    • WEN -3% premarket.
    | Comment!
  • Jan. 13, 2014, 8:04 AM
    • Wendy's (WEN) has a few more treats for investors today in addition to its 2014 profit guidance which topped the consensus analyst estimate.
    • The company authorized a $275M share repurchase program and will launch a Dutch auction to pick up the shares.
    • WEN +8.7% premarket
    | Comment!
  • Jan. 13, 2014, 7:25 AM
    • Wendy's (WEN) reports same-restaurant sales rose 3.1% in Q4.
    • Promotions on the Pretzel Pub Chicken sandwich and Bacon Portabella Melt on Brioche helped to drive traffic during the period.
    • The company expects 2014 EPS of $0.34-$0.36 on same-restaurant sales growth of 2.5% to 3.5%.
    • Q4 EPS is guided to $0.10-$0.11 vs. $0.06 consensus.
    • WEN +5.7% premarket.
    | Comment!
  • Nov. 7, 2013, 8:06 AM
    • Shares of Wendy's (WEN) slump in early trading after the company's Q3 report and guidance isn't quite dazzling enough to please investors.
    • Though the same-store sales growth looked good compared to burger peers, some rosier forecasts saw the quarter being a blowout driven by the Pretzel Bacon Cheeseburger. A drop in the firm's outlook for Q4 EBITDA on higher incremental investments is also a factor.
    • WEN -7.8% premarket
  • Aug. 7, 2013, 10:30 AM
    • Shares of Wendy's (WEN +3.8%) jet higher to etch out new all-time highs.
    • Sentiment may be influenced by a note from Jefferies analyst Mark Kalinowski in which he estimates the restaurant chain's same-store sales could exceed 5% for Q3 due to a big boost from the Pretzel Bacon Cheeseburger.
  • Jul. 23, 2013, 9:15 AM
    Premarket gainers: FIRE +28%. CSE +23%. CBMX +22%. ARRY +13%. MTG +10%. IRWD +11%. WEN +9%. NAT +8%. FTNT +8%. PACW +7%. TI +7%. HSOL +7%. PRAN +7%. CDTI +7%. RSH +6%. ALSK +6%. INFU +6%. NQ +6%. CPRX +5%. LXK +5%.
    Losers: PENN -7%. STM -6%.
    | Comment!
  • Jul. 23, 2013, 7:53 AM
    More on Wendy's (WEN) Q2 earnings: Same-store-sales +0.4% in Q2 (MCD was +1%). Expects faster growth in H2. Plans to sell about 425 company-owned restaurants, bringing total system ownership to 15% from 22% - targeting end of Q2 2014 for completion of sales. A sale of 24 restaurants in K.C. was closed yesterday. This "system optimization" is expected to cut G&A expense about $30M and improve margins at company-owned stores at least 50 bps. Adjusted EPS growth in the mid-teens beginning in 2014 now expected vs. previous guidance of low double-digit growth. Quarterly dividend boosted 25% to $0.05/share. Shares +7.8% premarket. CC at 11 ET. (PR)
    | 1 Comment
  • Jul. 12, 2013, 10:06 AM
    Wendy's (WEN +5.7%) get a lift from a rousing upgrade by BMO Capital to Outperform from Market Perform. Shares are now at their highest level of the year with Wendy's Q2 earnings slated to be released in two weeks.
    | Comment!
  • Jun. 10, 2013, 2:40 PM
    Hamburger stocks are making an unlikely run higher after McDonald's shows some solid improvement with sales for May. Investors seem to be betting that the sector as a whole is in slightly better shape based on McDonald's performance and not that Mickey D's took market share from Wendy's (WEN +1.8%), Jack In The Box (JACK +0.9%), Sonic (SONC +1.7%), and Burger King Worldwide (BKW +1.8%) during the month.
    | Comment!
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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