THE WENDY'S COMPANY REPORTS THIRD QUARTER 2024 RESULTS Dublin, Ohio (October 31, 2024) - The Wendy's Company (Nasdaq: WEN) today reported unaudited results for the third quarter ended September 29, 2024. "Wendy's restaurants continued to deliver sales growth during the third quarter, maintaining overall traffic and dollar share in the QSR burger category," said Kirk Tanner, President and Chief Executive Officer. "We continued to strengthen the relationship with our customers through our digital and loyalty ...

Core Insights - The Wendy's Company reported third-quarter results for 2024, highlighting continued sales growth and customer engagement through digital and loyalty platforms [2][3]. Operational Highlights - Systemwide sales growth for the U.S. was 0.9% and 7.7% for international, with global growth at 1.8% [4]. - Same-restaurant sales growth in the U.S. was 0.2%, while international saw 0.7%, leading to global growth of 0.2% [4]. - Total systemwide sales in the U.S. reached $3,141 million, up from $3,113 million in Q3 2023 [4]. - The company opened 22 new restaurants in the U.S. and 42 internationally, resulting in a total of 6,011 U.S. restaurants and 1,281 international restaurants by the end of the quarter [4]. Financial Highlights - Total revenues increased to $566.7 million from $550.6 million year-over-year, marking a 2.9% increase [5]. - Adjusted revenues were $443.6 million, a slight increase of 0.5% from the previous year [5]. - U.S. company-operated restaurant margin remained flat at 15.6% compared to the prior year [5]. - Operating profit decreased to $94.7 million from $101.6 million, primarily due to increased advertising investments and higher general and administrative expenses [5][6]. - Net income for the quarter was $50.2 million, down from $58.0 million, reflecting a decrease in operating profit and a higher effective tax rate [5][6]. Cash Flow and Capital Expenditures - Cash flows from operations increased to $286.7 million, up 6.4% year-over-year [5]. - Capital expenditures were $52.4 million, a decrease of 6.0% from the previous year [5]. - Free cash flow rose to $234.1 million, reflecting a 3.4% increase [5]. Dividend and Share Repurchase - The company declared a quarterly cash dividend of $0.25 per share, payable on December 16, 2024 [6]. - In Q3 2024, the company repurchased 1.5 million shares for $25.2 million, with an additional 0.2 million shares repurchased in Q4 [6]. 2024 Outlook - The company expects global systemwide sales growth of approximately 3% and adjusted earnings per share between $0.99 and $1.01 [8]. - Adjusted EBITDA is projected to be between $535 million and $545 million, with cash flows from operations expected to range from $365 million to $385 million [8].

The whole family can celebrate Halloween with new limited-edition meal bundles beginning October 21 DUBLIN, Ohio, Oct. 21, 2024 /PRNewswire/ -- WHAT: Halloween treats aren't just for kids! HalloWEENDY's is delivering spooky food and fun for the whole family this season. Beginning October 21, Wendy's® fans can order a limited-edition Boo! Bag meal,* featuring a Dave's Single®, small Hot & Crispy Fry, small Frosty®, glow-in-the-dark Bone Chiller Frosty figure and a Boo! Books® coupon book. Adults can celebrat ...

Core Insights - Rebel Foods has successfully opened its 160th Wendy's restaurant in India within a record time of 36 months, showcasing rapid expansion in the market [1][2][3] - The new restaurant in Bengaluru features a digital-first design aimed at enhancing customer experience, with self-ordering kiosks and a seating capacity of over 50 [2][3] - Wendy's is focusing on innovative menu offerings tailored to Indian tastes, including the recently launched Chimichurri Burgers, which have gained popularity [3] Expansion Plans - Rebel Foods plans to continue expanding Wendy's presence in key markets such as Delhi NCR, Bengaluru, and Hyderabad, with additional dine-in restaurants and delivery services [4] - The company aims to add several dozen new restaurants by December, further increasing its footprint across various cities in India [4] Brand Strategy - Wendy's is committed to making its brand accessible to consumers throughout India, with a focus on both existing and new markets [3] - The partnership with Rebel Foods is integral to Wendy's strategy for growth in India, allowing the brand to reach customers in their local areas [3] Company Background - Rebel Foods is recognized as the world's largest internet restaurant company, operating over 450 kitchens across 70+ cities and managing multiple brands including Wendy's [7] - Wendy's, founded in 1969, is known for its high-quality food and has a global presence with over 7,000 restaurants [5][6]

DUBLIN, Ohio, Oct. 9, 2024 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) will release its third quarter 2024 results before the market opens on Thursday, October 31. The Company will host a conference call that same day at 8:30 a.m. ET, with a simultaneous webcast from the Company's Investor Relations website at www.irwendys.com. The related presentation materials will also be available on the Company's Investor Relations website. The live conference call will be available by telephone at (844) 200-6205 ...

Group 1 - Wendy's is offering $1 any size soft drinks nationwide for a limited time, enhancing value for customers [2][4] - The promotion allows fans to choose from over 100 beverage options available through Coca-Cola Freestyle® dispensers [2][5] - The $1 soft drink offer is available all day, providing flexibility for customers to enjoy their favorite drinks at any time [3][5] Group 2 - Wendy's aims to create a fun beverage experience by allowing customers to mix and match flavors, enhancing customer engagement [5] - The company has a long-standing commitment to quality and value, which has been a core principle since its founding in 1969 [6] - Wendy's operates over 7,000 restaurants worldwide and continues to focus on making a positive impact through initiatives like the Dave Thomas Foundation for Adoption® [6]

I'm an equity analyst specializing in restaurant stocks, with a solid background in Business Administration and Accounting. I also have an MBA in Forensic Accounting and Controllership.As the founder of Goulart's Restaurant Stocks, I lead a company that excels at analyzing restaurant stocks in the US market. Our approach covers a wide range of segments, including QSR, fast casual, casual dining, fine dining and family dining. We use advanced analytical models and specialized valuation techniques to provide ...

Group 1 - Wendy's is launching its HalloWEENDY's season with a new collection of Frosty Frights kids' meal toys, featuring 11 limited-edition toys inspired by the Frosty treat [1] - The toys include characters such as Franken Frosty, Frosty Bite, Coolie Ghoulie, Brrr Beast, Cold Spell, and Junior, appealing to both children and collectors [1] - Each Wendy's Kids' Meal includes a choice of 4-piece chicken nuggets, hamburger, or cheeseburger, along with Jr. Hot & Crispy Fries or Apple Bites and a kids' drink [1] Group 2 - Wendy's is also introducing special edition Boo! Books for $1, which include coupons for five free Jr. Frosty treats and a bonus coupon for a $1.99 Kids' Meal with any purchase [2] - Proceeds from the Boo! Books will benefit the Dave Thomas Foundation for Adoption, supporting its mission to find homes for children in foster care [2] - Customers can visit Wendy's.com to learn more about the HalloWEENDY's festivities this Halloween [2]

Core Viewpoint - Wendy's stock has underperformed over the past year, dropping 14.6%, compared to the Zacks Retail - Restaurants industry's growth of 12.8% and the S&P 500's rise of 33.8%, primarily due to higher labor costs, reduced customer count, and increased capital expenditures [1] Group 1: Stock Performance - Wendy's shares have shown resilience recently, rising 3.7% in the past month, outperforming the industry growth of 3.4% [1] - The stock's technical indicators suggest strong performance, trading above its 50-day moving averages, indicating robust upward momentum [5] - Wendy's is trading at a forward 12-month price-to-earnings ratio of 17.07x, lower than the industry's 24.97x and the broader Retail-Wholesale sector's 23.87x, highlighting a favorable valuation for investors [6] Group 2: Sales and Growth Initiatives - The company has reported solid same-restaurant sales growth, particularly in the breakfast segment, and anticipates global same-restaurant sales growth of 1-3% for the full year [7][8] - Digital sales have seen significant growth, with a more than 40% increase year over year, driven by enhancements in mobile ordering and delivery channels [9] - Wendy's opened 99 new restaurants in the first half of 2024, marking over a 20% increase compared to the same period in 2023, indicating a commitment to expanding its global footprint [11] Group 3: Strategic Partnerships and Innovations - The company announced a partnership with Palantir Technologies to enhance digital transformation and AI adoption within its supply chain operations, expected to generate cost savings and operational efficiencies [9] - Wendy's focus on menu innovation, technology upgrades, and strategic pricing positions it to capitalize on positive industry trends [2]

Core Points - Wendy's is offering $1 Frosty treats nationwide through September 30, 2024, to attract customers during ice cream machine downtimes at competitors [2][5] - The initiative is based on data from McBroken.com, which identified cities with the highest ice cream machine outages, including Chicago, Houston, Las Vegas, New York, and Los Angeles [2][5] - Wendy's aims to provide a reliable dessert option for customers when they experience cravings, especially during peak hours when competitors' machines are often unavailable [3][5] Company Overview - Wendy's was founded in 1969 by Dave Thomas and is known for its made-to-order square hamburgers and signature items like the Frosty dessert [6] - The company operates over 7,000 restaurants worldwide and is committed to quality and making a positive difference in the community [6] - Wendy's supports the Dave Thomas Foundation for Adoption and employs hundreds of thousands of people through its franchise network [6]