Wendy’s reports Q1 adjusted EPS 20c, consensus 20c

Reports Q1 revenue $523.5M, consensus $526.63M. Reports Q1 global Same-Restaurant Sales Growth (2.1%). “We continued to deliver for our customers during the Q1. In the U.S. we held both traffic and dollar share in a challenging consumer environment, and in our International business we grew systemwide sales by 8.9%,” said Kirk Tanner, President and CEO. “Importantly, we made progress on the strategic priorities we laid out at our investor day: providing fresh, famous food, delivering an exceptional customer experience, and accelerating global net unit growth. This included implementing a new field structure to better support franchisees and adding 68 net new restaurants across the globe.”