The Wendy's Company (WEN) CEO Todd Penegor on Q1 2019 Results - Earnings Call Transcript

May 08, 2019 3:26 PM ETThe Wendy's Company (WEN)
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The Wendy's Company (NASDAQ:WEN) Q1 2019 Earnings Conference Call May 8, 2019 8:30 AM ET

Company Participants

Greg Lemenchick - Director, IR

Todd Penegor - President & CEO

Gunther Plosch - CFO

Conference Call Participants

Gregory Francfort - Bank of America

Matthew DiFrisco - Guggenheim Securities

Brian Bittner - Oppenheimer

Dennis Geiger - UBS

Jeffrey Bernstein - Barclays

Jeff Farmer - Gordon Haskett

Peter Saleh - BTIG

Sara Senatore - Bernstein

Andrew Charles - Cowen & Company

Will Slabaugh - Stephens Inc.

John Ivankoe - J.P. Morgan

Andrew Strelzik - BMO Capital Markets

Jeremy Scott - Mizuho


Ladies and gentlemen, thank you for standing by. Welcome to the Wendy's Company Earnings Results Conference Call. I will now turn the conference over to Greg Lemenchick, Director, Investor Relations. Please go ahead, sir.

Greg Lemenchick

Thank you and good morning, everyone. Today's conference call and webcast includes a PowerPoint presentation, which is available on our Investor Relations website Before we begin, please take note of the Safe Harbor statement that appears at the end of our earnings release.

This disclosure reminds investors that certain information we may discuss today is forward-looking. Various factors could affect our results and cause those results to differ materially from the projections set forth in our forward-looking statements. Also, some of today's comments will reference non-GAAP financial measures such as adjusted revenue, adjusted EBITDA, adjusted earnings per share, adjusted tax rate, free cash flow, and system-wide sales. Investors should refer to our reconciliations of non-GAAP financial measures to the most directly comparable GAAP measure.

On our conference call today, our President and Chief Executive Officer, Todd Penegor; will provide an update on key initiatives, and our Chief Financial Officer, Gunther Plosch; will review our first quarter results and full year outlook. After that, we will open up the line for questions.

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