Thu, Aug. 6, 12:19 PM
- The hamburger sector is trading off despite Jack in the Box (JACK -5.8%) and Habit Restaurants (HABT -11.2%) both reporting strong Q2 same-store sales growth.
- Traders think some of the stocks are blowing off steam after recent gains, although worries on the ability of operators to pass off labor and food input costs have also crept up.
- The burger slide is hitting Wendy's (WEN -1.8%), Sonic (SONC -7.2%), Burger King owner Restaurant Brands (QSR -1.5%), and Shake Shack (SHAK -7.3%). McDonald's (MCD) is holding steady with its dividend yield continuing to be a strong backstop.
- Previously: Habit Restaurants lower after earnings (Aug. 06 2015)
- Previously: Strong comp sales at Jack in the Box (Aug. 05 2015)
Wed, Aug. 5, 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.
Thu, Jun. 4, 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.
Wed, Jun. 3, 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.
Wed, May 6, 9:11 AM
Wed, May 6, 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.
Mon, May 4, 11:40 AM
- There's a decent little hamburger rally underway, although it doesn't include sector giant McDonald's.
- Habit Restaurants (HABT +3.4%), Shake Shack (SHAK +5.4%), Jack in the Box (JACK +0.8%), Restaurant Brands (QSR +1.5%), Wendy's (WEN +2.4%), and Sonic (SONC +0.8%) are out all ahead of the Golden Arches on its turnaround day.
- Previously: McDonald's unveils turnaround plan
- Previously: McDonald's lower after detailing turnaround strategy
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.
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.
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
Aug. 7, 2014, 7:11 AM
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.
Jan. 13, 2014, 8:04 AM
WEN vs. ETF Alternatives
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