Better sales at
In Q4 2019, the company's net income grew to
Other key highlights from the brand's Q4 2019 results, include:
- 7.4% increase in total revenues to
$427.2 million . -
Operating profit down 19.9% to
$36.5 million . -
Net income up 41% tp
$26.5 million . -
Adjusted EPS up 37.5% to
11 cents .
Fiscal year 2019 results include:
- 7.5% increase in total revenues to
$1.7 billion . -
5.1%increase in operating profit to
$262.6 million . -
70.2% drop in net income to
$136.9 million . -
Adjusted EPS flat at
59 cents . -
Reported diluted EPS fell 69.1% to
58 cents .
"We delivered a very strong year of sales growth and have laid the foundation in 2019 to set the Wendy's brand up for future success," President and CEO
"Our focus remains on efficient, accelerated growth behind our three major growth pillars: entering the breakfast daypart, growing our digital business, and expanding our International footprint. We are well positioned to drive growth in 2020 and I'm more confident than ever that we will achieve our vision of becoming the world's most thriving and beloved restaurant brand."
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