The Wendy's Company (WEN) CEO Todd Penegor on Q2 2021 Results - Earnings Call Transcript

The Wendy's Company (NASDAQ:WEN) Q2 2021 Earnings Conference Call August 11, 2021 8:30 AM ET

Company Participants

Greg Lemenchick - Senior Director, Investor Relations & Corporate FP&A
Todd Penegor - President & Chief Executive Officer
Gunther Plosch - Chief Financial Officer

Conference Call Participants

Brian Mullan - Deutsche Bank
Brian Bittner - Oppenheimer
John Glass - Morgan Stanley
David Palmer - Evercore
Eric Gonzalez - KeyBanc Capital
Jeffrey Bernstein - Barclays
Chris Carril - RBC Capital Markets
Andrew Charles - Cowen
Dennis Geiger - UBS
John Ivankoe - JPMorgan
Gregory Francfort - Guggenheim Securities
Peter Saleh - BTIG
Jared Garber - Goldman Sachs
Lauren Silberman - Credit Suisse
James Ratherford - Stephens Inc
Brett Levy - MKM Partners
Nicole Miller - Piper Sandler
Jim Sanderson - Northcoast Research

Operator

Good morning. Welcome to The Wendy’s Company Earnings Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

Greg Lemenchick, Senior Director, Investor Relations and Corporate FP&A, you may begin your conference.

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, irwendys.com.

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. Investors should refer to our reconciliations of non-GAAP financial measures to the most directly comparable GAAP measure at the end of this presentation or in our earnings release.

On