Fans who purchase a $1 Boo! Books benefiting foster care adoption will also score a $1.99 Kids' Meal with purchase couponDUBLIN, Ohio, Sept. 3, 2024 /PRNewswire/ --WHAT: Wendy's® is officially kicking off the HalloWEENDY's season with a new Frosty® Frights kids' meal collection. Through the spooky season, fans can collect all Frosty Frights kids' meal toys inspired by the iconic Frosty treat, if they dare... With spooky-fun characters like Franken Frosty, Frosty Bite, Coolie Ghoulie, Brrr Beast, Cold Spell ...

jetcityimage/iStock Editorial via Getty ImagesI thought Wendy's (NASDAQ:WEN) looked cheap enough when I opened on it with a 'Buy' rating late last year. Sure, there is a lot that is so-so here, including unit economics and growth prospects, but these shares were offering up a 5% dividend yield back then, and that really didn't require too much supplemental growth from the business in order to work for investors. The stock has definitely disappointed in that time. This isn't an easy period for quick-serv ...

Core Points - Wendy's has launched a new Saucy Nuggs Party Pack, available nationwide starting August 27, 2024, aimed at enhancing the football game day experience for fans [2][3][5] - The Party Pack includes approximately 45-50 all white-meat chicken nuggets, available in seven unique flavors, and comes with dipping sauces [2][3][7] - The product can be ordered through drive-thru, in-restaurant, or via the Wendy's app, with a promotional offer of $0 delivery fee on Saturdays from August 31 to December 14, 2024 [3][4][7] Product Details - The Saucy Nuggs Party Pack features seven flavors: Honey BBQ, Garlic Parm, Buffalo, Spicy Honey BBQ, Spicy Garlic Parm, Spicy Buffalo, and Spicy Ghost Pepper [3][5] - The product is designed to cater to football fans during tailgating and watch parties, providing a convenient and satisfying food option [2][5] Company Background - Wendy's was founded in 1969 by Dave Thomas in Columbus, Ohio, and is known for its made-to-order square hamburgers and fresh ingredients [6] - The company emphasizes quality and has a commitment to social responsibility, notably through the Dave Thomas Foundation for Adoption [6]

Core Viewpoint - The Wendy's Company (WEN) has experienced a significant decline in stock value, attributed to rising commodity costs and a decrease in customer count, with a year-to-date decline of 12.8% compared to the industry's 2.1% decrease [1] Group 1: Financial Performance and Projections - The company projects labor inflation for fiscal 2024 to be in the range of 3-5% [1] - For fiscal 2024 and 2025, WEN anticipates global net unit growth of 2% and 3-4% year over year, respectively [2] - Global same-restaurant sales growth is expected to be in the 1-3% range for fiscal 2024 [4] Group 2: Sales and Digital Growth - In the fiscal second quarter, same-restaurant sales at international locations (excluding Argentina) rose 2.5% year over year, while global restaurants saw a 0.8% increase [2] - Digital sales globally grew by over 40% year over year in the fiscal second quarter, with significant growth in the United States and international markets [5][6] - Digital sales have increased from less than $250 million in 2019 to nearly $2 billion in 2023, indicating substantial growth potential [4] Group 3: Strategic Initiatives - The company is focusing on innovative offerings and compelling value propositions to enhance customer satisfaction and sustain restaurant margins [4] - Wendy's is expanding into the Republic of Ireland and Romania, with plans for franchisees to open restaurants in 2025 [2]

JHVEPhoto/iStock Editorial via Getty Images Context During my initial analysis of Wendy's (NASDAQ:WEN) I examined a wide range of relevant operational and financial aspects. Since then, I have noticed some interesting developments in both the industry and its '70/30 Expansion Strategy' that I would like to share with you. But first, I would like to introduce some important context regarding the current QSR landscape within the American market. One of the key points of the industry is crystal clear: gues ...

The Wendy’s Company (WEN) reported dismal second-quarter fiscal 2024 results, with earnings and revenues missing the Zacks Consensus Estimate. On a year-over-year basis, the top line rose while the bottom line declined. Solid same-restaurant sales and strength in U.S. breakfast sales and digital sales momentum aided the company’s performance.The company continues to focus on industry-leading quality, innovation and value. It aims to maintain a customer-first approach while driving its restaurant economic mo ...

Financial Data and Key Metrics Changes - In Q2 2024, global same-restaurant sales growth was 0.8%, while system-wide sales growth reached 2.6% [6][17] - U.S. company restaurant margin decreased by 80 basis points year-over-year to 16.5% due to increased labor costs [17] - Adjusted EBITDA decreased by 1% to approximately $143 million, influenced by increased breakfast advertising spending and decreased U.S. restaurant margin [18] - Free cash flow decreased due to higher capital expenditures and increased breakfast advertising investment, with expectations of $275 million to $285 million for the year [20] Business Line Data and Key Metrics Changes - The U.S. segment maintained steady dollar and traffic share in the QSR burger category, driven by breakfast and late-night sales growth [7] - The International segment achieved over 8% system-wide sales growth, supported by same-restaurant sales growth and net unit growth across regions [7] Market Data and Key Metrics Changes - Global digital sales grew over 40% year-over-year, with a 17% global digital sales mix, primarily driven by the U.S. segment [8] - The company expects full-year global system-wide sales growth of 3% to 5%, with same-restaurant sales growth of 1% to 3% [19] Company Strategy and Development Direction - The company is focused on driving sales through core menu items, impactful innovation, and relevant value offerings [10] - Plans to open 250 to 300 new restaurants globally in 2024, with significant commitments in Europe and Canada [14][15] - The leadership structure has been enhanced to improve focus on unit growth and operational performance [9] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving sales growth despite a competitive environment, emphasizing the importance of breakfast as a profitable segment [12][44] - The company anticipates that breakfast sales growth will outpace other dayparts, contributing positively to overall restaurant margins [12] - Management acknowledged challenges in the consumer environment but remains focused on maintaining share and driving profitability [77][78] Other Important Information - The company declared a third-quarter dividend of $0.25 per share, maintaining a full-year dividend expectation of $1 per share [20] - The capital allocation policy prioritizes investments in profitable growth while allowing for share repurchases and debt reduction [21] Q&A Session Summary Question: U.S. comp trends and consumer behavior changes - Management highlighted the effectiveness of the Biggie Bag value proposition and franchisee support for competitive pricing strategies [24] Question: Updated same-store sales guidance for 2024 - Management expressed confidence in the 1% to 3% guidance range, citing easier comparisons and expected category improvements [27] Question: Overall capacity and unit development in the U.S. - Management remains bullish on U.S. market potential, citing strong franchisee interest and new incentive programs to encourage expansion [31] Question: Breakfast performance and growth goals - Breakfast is seen as a critical growth area, with management committed to ongoing investment and innovation in this segment [44] Question: Development goals and restaurant closures - Management confirmed that development and closures are in line with expectations, reaffirming guidance for new openings [66] Question: Industry softness and underlying dynamics - Management noted a slight decline in traffic and mixed performance across income cohorts, but maintained share in the competitive landscape [73]

Wendy's (WEN) reported $570.73 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 1.6%. EPS of $0.27 for the same period compares to $0.28 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $577.28 million, representing a surprise of -1.14%. The company delivered an EPS surprise of -3.57%, with the consensus EPS estimate being $0.28.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Economic Data Summary - Initial Jobless Claims reached 249K, the highest in almost a year, exceeding the anticipated 235K, indicating a weakening labor market [1] - Continuing Claims hit 1.877 million, the highest since November 2021, surpassing the previous week's revised total of 1.844 million [1] - Q2 Productivity increased by 2.3%, exceeding the expected 1.8%, following a revision of the previous quarter from 0.2% to 0.4% [1] Company Earnings Reports - **Toyota (TM)**: Fiscal Q1 earnings were $6.35 per share, beating expectations of $4.01, with revenues of $79 billion surpassing the $72.5 billion forecast. However, full-year EPS guidance remained unchanged, leading to a 6.4% drop in shares [2] - **ConocoPhillips (COP)**: Reported earnings of $1.98 per share, missing the $2.06 estimate, while revenues fell 6.2% to $14.14 billion. Despite this, shares rose slightly, recovering some of the year-to-date losses [2] - **Wendy's (WEN)**: Missed Q2 estimates with earnings of 27 cents per share and revenues of $570.72 million, which was 1.14% below expectations. Shares increased by 1.3% in pre-market trading [3] - **Biogen (BIIB)**: Achieved earnings of $5.28 per share, exceeding the $4.00 expectation by 32%, with revenues of $2.46 billion surpassing consensus by 3.54%. Full-year earnings guidance was raised [4] - **Crocs (CROX)**: Beat earnings estimates by 11.7% with $4.01 per share and revenues of $1.11 billion, yet shares fell by 4% despite a 43% year-to-date increase [5] Upcoming Earnings - Major companies including Apple (AAPL), Amazon (AMZN), Intel (INTC), and Snap (SNAP) are set to release quarterly results after today's closing bell, indicating a busy earnings season ahead [5]

Wendy's (WEN) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.57%. A quarter ago, it was expected that this hamburger chain would post earnings of $0.21 per share when it actually produced earnings of $0.23, delivering a surprise of 9.52%.Over the last four quarters, the company ha ...