Cleveland Research said in a note to investors earlier that based on the firm’s checks it seems that Wendy’s (WEN) Q1 comparable store sale growth likely slowed to tracking below consensus expectations given weather, end market, and competitive headwinds. April looks to have “slowed substantially” and the outlook for the remainder of 2025 seems more cautious given concerns around consumer spending, competition and franchisee health, added the firm based on its checks. In morning trading, shares of Wendy’s are underperforming peers, sliding 35c, or nearly 3%, to $12.82.
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