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Wendy's (WEN)
NASDAQ:WEN
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.24Last Year’s EPS
0.21Same Quarter Last Year
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: -25.86%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with strong digital and international growth, offset by challenges in U.S. restaurant margins and strategic closures. The company is focused on improving operational efficiencies and leveraging partnerships for future growth.Company Guidance
During Wendy's Q3 2024 earnings call, the company outlined several key performance metrics and future guidance. Wendy's reported a 1.8% increase in global system-wide sales and a 0.2% rise in same-restaurant sales. The U.S. segment maintained traffic share within the QSR burger category despite a challenging environment, while international growth was highlighted by a high single-digit increase in system-wide sales and nearly 100 new restaurant openings. Breakfast sales saw a mid-single-digit increase, and late-night sales grew at a high single-digit rate, driven by digital and delivery momentum. The digital business soared with a 40% year-over-year increase, achieving a 17% digital sales mix in the U.S., and rewards membership grew to 45 million. Looking ahead, Wendy's expects full-year global system-wide sales growth of approximately 3% and aims for a 3% to 4% net unit growth by 2025. The company also announced strategic restaurant closures of underperforming locations, with plans to offset these by opening new, more profitable locations. Additionally, Wendy's remains committed to enhancing operational excellence and restaurant profitability, with initiatives like AI-enabled order-taking and a focus on profit-accretive categories like beverages. Despite the softer category environment, their adjusted EBITDA guidance for 2024 remains between $535 million and $545 million, with expected capital expenditures of $90 million to $100 million.Global Digital Sales Growth
Global digital sales grew almost 40% year-over-year, with the U.S. segment delivering over 17% digital sales mix. This growth was supported by enhancements to the Wendy's app and an increase in reward members to 45 million.
International Expansion
The International segment achieved high single-digit system-wide sales growth driven by nearly 100 new restaurant openings, with Canadian market leading same-restaurant sales growth with a high-teen percentage increase in breakfast traffic.
Breakfast and Late Night Growth
The morning daypart delivered a mid-single-digit sales increase, while late night sales grew at a high single-digit percentage compared to the prior year, driven by momentum in delivery and digital businesses.
New Restaurant Openings
Wendy's opened 64 new restaurants globally during the third quarter and remains on track to meet the goal of 250 to 300 openings for the full year.
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WEN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WEN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $20.03 | $18.85 | -5.89% |
| Aug 01, 2024 | $16.45 | $16.48 | +0.18% |
| May 02, 2024 | $18.79 | $19.08 | +1.54% |
| Feb 15, 2024 | $18.22 | $17.94 | -1.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Wendy's (WEN) report earnings?
Wendy's (WEN) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Wendy's (WEN) earnings time?
Wendy's (WEN) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WEN EPS forecast?
WEN EPS forecast for the fiscal quarter 2024 (Q4) is 0.24.
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