Wendy's: Reiterating Hold As I Wait For Q4 2023 SSS Performance

Nov. 23, 2023 10:00 PM ETThe Wendy's Company (WEN) Stock2 Comments

Summary

  • I continue to give a hold rating for WEN.
  • There is encouraging progress in unit growth potential and digital sales.
  • I am waiting for 4Q23 results to validate my hypothesis on SSS performance.

General Views of New York

Bruce Bennett

Overview

My recommendation for The Wendy’s Company (NASDAQ:WEN) is a hold rating. While SSS came in weak for the quarter, I see potential for it to accelerate sequentially in 4Q23, which should dismiss the bearish thought that SSS remains

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Data scientist turned investment analyst focusing on high tech, high growth companies

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