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The Wendy's Company (WEN)

- NASDAQ
  • Wed, May 6, 9:11 AM
    | 1 Comment
  • 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.
    | Comment!
  • Mon, May 4, 11:40 AM
    | 12 Comments
  • 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%.
    | 11 Comments
  • 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.
    | 6 Comments
  • 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
    | 2 Comments
  • 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
    | 2 Comments
  • 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.
    | 4 Comments
  • 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!
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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