The Wendy's Company

WEN

US95058W1009

Restaurants & Bars

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
20.14 ^USD	+1.61%		+4.62%	+3.39%

Apr. 25	The Accountability Board Submits a Shareholder Proposal to The Wendy's Company	CI
Apr. 11	The Accountability Board Submits a Shareholder Proposal to The Wendy's Company	CI

The Wendy's Company Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

February 15, 2024 at 07:07 am EST

The Wendy's Company reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 226.73 million compared to USD 227.66 million a year ago. Revenue was USD 540.65 million compared to USD 536.51 million a year ago.

Net income was USD 46.94 million compared to USD 41.28 million a year ago. Basic earnings per share from continuing operations was USD 0.23 compared to USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 0.23 compared to USD 0.19 a year ago.

Latest news about The Wendy's Company

The Accountability Board Submits a Shareholder Proposal to The Wendy's Company	Apr. 25	CI
The Accountability Board Submits a Shareholder Proposal to The Wendy's Company	Apr. 11	CI
The Wendy's Company Receives a Shareholder Proposal from Comptroller of the City of New York	Apr. 04	CI
The Wendy's Company Receives a Shareholder Proposal from Franciscan Sisters of Allegany	Apr. 04	CI
The Wendy's Company Receives a Shareholder Proposal from The Accountability Board	Apr. 04	CI
The Wendy's Company Announces Joseph A. Levato, Independent Director Is Not Standing for Re-Election	Apr. 04	CI
Fast-food companies seeing low-income diners pare orders	Mar. 27	RE
Wendy's Debuts Orange Dreamsicle Frosty	Mar. 19	CI
Wendy's will not implement surge pricing as CEO comment causes online stir	Feb. 28	RE
Wendy's Names New Chief Information Officer	Feb. 26	MT
The Wendy's Company Announces Chief Information Officer Changes	Feb. 26	CI
Bernstein Downgrades Wendy's to Market Perform From Outperform, Cuts Price Target to $20 From $24	Feb. 22	MT
JPMorgan Downgrades Wendy's to Neutral from Overweight, Cuts Price Target to $19 From $22	Feb. 21	MT
Truist Securities Adjusts Price Target on Wendy's to $22 From $23, Maintains Buy Rating	Feb. 20	MT
RBC Cuts Price Target on Wendy's to $20 From $22, Keeps Sector Perform Rating	Feb. 20	MT
Wedbush Trims Wendy's Price Target to $19 From $20 After Lower-Than-Expected Q4 2023 Results, Keeps Neutral Rating	Feb. 16	MT
Wendy's Offers Soft 2024 Outlook Following Surprise Drop in Fourth-Quarter Earnings	Feb. 15	MT
Wendy's Q4 Adjusted Earnings Fall, Revenue Increases; 2024 Outlook Issued; Shares Down	Feb. 15	MT
Transcript : The Wendy's Company, Q4 2023 Earnings Call, Feb 15, 2024	Feb. 15
Earnings Flash (WEN) THE WENDY'S COMPANY Reports Q4 EPS $0.21, vs. Street Est of $0.23	Feb. 15	MT
Tranche Update on The Wendy's Company's Equity Buyback Plan announced on January 13, 2023.	Feb. 15	CI
The Wendy's Company Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 15	CI
The Wendy's Company Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 15	CI
The Wendy's Company Declares Quarterly Dividend, Payable on March 15, 2024	Feb. 15	CI
The Wendy's Company Announces Impairment of Long-Lived Assets for Three Months Ended December 31, 2023	Feb. 15	CI

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Company Profile

The Wendy's Company is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants serving food. The Company operates through three segments. Wendys U.S. segment includes the operation and franchising of Wendys restaurants in the United States. Wendys International segment includes the operation and franchising of Wendys restaurants in countries and territories other than the United States. Global Real Estate & Development segment includes real estate activity for owned sites and sites leased from third parties. It has 6,030 restaurants in the United States, out of which 403 are operated by the Company and 5,627 are operated by a total of 212 franchisees. In addition, the Company also has 1,210 restaurants in 32 foreign countries and United States territories, out of which 1,198 are operated by a total of 106 franchisees and 12 are operated by the Company in the United Kingdom.

Sector

Restaurants & Bars

Calendar

2024-05-02 - Q1 2024 Earnings Release

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Ratings for The Wendy's Company

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

20.14 USD

Average target price

20.96 USD

Spread / Average Target

+4.07%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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Sector Quick Service Restaurants

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