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Wendy’s lowers FY25 adjusted EPS view to 92c-98c from 98c-$1.02

Consensus is for FY25 EPS $1.00. Lowers FY25 adjusted EBITDA view to $530M-$545M; and free cash flow to $250-$270M. Reaffirms FY25 global net unit growth 2%-3%; Capital expenditures $100M-$110M.

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