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The Wendy's Company

5/24/2013, 5:20 PM ET

Quote & Headlines Market Currents StockTalk

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Friday, May 24, 8:07 AM Shares of Wendy's (WEN) are up 2.6% premarket after a juicy upgrade from Janney Montgomery Scott to a Buy rating. The company's new store design has been drawing praise and is viewed by some as a differentiator between the chain and the beaten-down look of some other rivals. 1 Comment [Consumer, On the Move]
Friday, May 24, 7:18 AM Janney Montgomery Scott upgrades Wendy's (WEN) to Buy from Neutral; price target $7 from $5.25. Comment! [Consumer]
Wednesday, May 8, 1:01 PM Heard during Wendy's (WEN -4.8%) earnings call: 1) On product mix, Wendy's thinks that price-value consumers need to be hit with $0.99 items but that the shift is still positive toward higher price items. 2) Store assets being replaced by the company are being being depreciated from the beginning of the year until closure for construction. 3) Execs say the company will reduce the number of stores serving breakfast which could affect same-store sales totals for the rest of the year. (webcast) Comment! [Consumer]
Wednesday, May 8, 7:12 AM More on Wendy's (WEN) Q1: Same-store sales rose only 1% for Wendy's North America company-operated restaurants, but margin improvement was seen due to a favorable product mix. 86 new restaurants have been given the Wendy's new image makeover and the company will invest more to keep the program moving forward. The restaurant operator reiterates its previous long-term outlook and increases its 2013 EPS guidance to $0.20 to $0.22. (PR) 1 Comment [Consumer, Earnings]
Wednesday, May 8, 7:01 AM Wendy's (WEN): Q1 EPS of $0.03 in-line. Revenue of $603.7M misses by $9.95M. (PR) Comment! [Earnings, Breaking News]
Wednesday, May 8, 12:05 AM Notable earnings before Wednesday’s open: AOL, ARQL, CTSH, CWH, DTEGY.PK, ENB, EZCH, FSYS, FUN, KRO, LMCA, LSE, MPEL, NAVB, NICE, POZN, SODA, STWD, THI, TTI, VVUS, WEN, WMC Comment! [Earnings]
Tuesday, May 7, 5:30 PM Notable earnings before Wednesday’s open: AOL, ARQL, CTSH, CWH, DTEGY.PK, ENB, EZCH, FSYS, FUN, KRO, LMCA, LSE, MPEL, NAVB, NICE, POZN, SODA, STWD, THI, TTI, VVUS, WEN, WMC Comment! [Earnings]
Friday, May 3, 11:24 AM More on Taco Bell (previous): The mysterious roll-out of a new "low-end" menu is based on a strategy of offering items at the $1 price point. Execs say the Cravings menu will make sure the restaurant chain is taking care of the value-oriented consumers. QSR sector watch: The focus on the magical $1 mark by Taco Bell (YUM +1.4%) could add a little more pressure to peers such as McDonald's (MCD +0.8%), Wendy's (WEN +2.1%), and Burger King (BKW +2.2%) which have been running down a dual path of competing on value while also trying to entire consumers away from Panera Bread and Chipotle with fresher offerings. Comment! [Consumer]
Friday, May 3, 9:00 AM The Wendy's Company (WEN) declares $0.04/share quarterly dividend, in line with previous. Forward yield 2.77%. For shareholders of record June 03. Payable June 17. Ex-div date May 30. (PR) Comment! [Dividends]
Wednesday, April 17, 7:20 PM Wendy's (WEN) says it will save $19M in annual interest expense by refinancing $350M of a senior secured term loan. The Y/Y reduction in interest expense is ~175 basis points, the company said late Wednesday. When combined with previous refinancings, WEN says its annual interest expense is $50M lower than it was two years ago which should "benefit cash flow and EPS" going forward. 1 Comment [Consumer]
Friday, April 12, 9:51 AM Restaurant sales trends improved in March but remain "fragile," according to a new report from Black Box Intelligence. The sector saw a same-store sales increase of 0.5% during the month compared to February’s decline of 5% - while traffic decreased 2% compared to a 4.2% drop in February. Comment! [Consumer]
Wednesday, April 10, 2:17 PM Restaurant visits by parties of adults grew by 1% last year to end four consecutive declines in the category but visits with children in tow showed flat growth once again, according to tracking from the NPD Group. A tripping point for the sector has been the lack of growth in visits by parties with kids. What to watch: Analysts see increased promotional activity sneaking in on the industry's margins. 5 Comments [Consumer]
Friday, April 5, 10:40 AM A strike by fast food workers in New York City could have broad implications with the group's lofty goal to see a 107% pay raise up to $15 per hour. What to watch: Though historically the high turnover rate in the QSR industry has kept labor disruptions to a minimum, unions of foodservice workers have strengthened since 2009 and could take a small bite out of the sector's margins. 10 Comments [Consumer]
Friday, April 5, 8:13 AM Shares of Wendy's (WEN) slip 2.5% in premarket trading after the restaurant stock takes a few shots from Jim Cramer on the lightning round of Mad Money last night. Of a beefier note, Janney Capital's main restaurant analyst trimmed his estimate for Wendy's Q1 same-store sales to 1.5% from 2%. (video) Comment! [Consumer, On the Move]
Monday, April 1, 8:48 AM Sun Capital's Boston Market fast food chain will move into ribs in its biggest new food launch in six years. The big picture: Though the move is another example of the aggressive efforts of the QSR industry to match the fare at the market-stealing Panera and Chipotle chains, analysts continue to question the impact on margins of the wings-ribs-premium burgers menu plays. 3 Comments [Consumer]
Monday, March 25, 2:30 PM Restaurant blues: The consensus estimate of economists for consumer spending growth in February is for a 0.6% gain after the measure rose 0.2% in January but don't expect restaurants to report strong numbers for Q1. Inside tracking and guidance warnings from key companies indicate that the sector is feeling the pressure of higher payroll taxes. Major chains also face a tough period of comparable with last year's winter much milder on average in the U.S. 4 Comments [Consumer]

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