Wendy's (WEN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Wendy's reported revenue of $566.74 million for the quarter ended September 2024, reflecting a year-over-year increase of 2.9% and a surprise of +1.41% over the Zacks Consensus Estimate of $558.87 million [1] - The company's EPS for the quarter was $0.25, unchanged from the consensus estimate but down from $0.27 in the same quarter last year [1] Financial Performance Metrics - Same-Restaurant Sales in the U.S. increased by 0.2%, below the nine-analyst average estimate of 1.1% [3] - Total number of restaurants was 7,292, slightly below the average estimate of 7,312 [3] - Same-Restaurant Sales Internationally rose by 0.7%, compared to the 2.2% average estimate [3] - Franchised restaurants totaled 6,881, below the estimated 6,898 [3] - Advertising fund revenues were $123.15 million, exceeding the estimate of $112.01 million, marking a +13.1% change year-over-year [3] - Sales at Company-operated restaurants were $230.40 million, below the estimate of $234.54 million, representing a -1.8% change year-over-year [3] - Franchise rental income was $59.31 million, surpassing the estimate of $58.30 million, with a +3% year-over-year change [3] - Franchise royalty revenue and fees totaled $153.87 million, slightly below the estimate of $154.40 million, but showed an +18.3% change year-over-year [3] - Franchise royalty revenue was $132.60 million, compared to the estimate of $134.82 million [3] - Franchise fees reached $21.27 million, exceeding the estimate of $19.72 million, with a +10.4% year-over-year change [3] - Global Real Estate & Development revenues were $60.42 million, above the estimate of $58.74 million, reflecting a +3.9% change year-over-year [3] - U.S. revenues were $468.73 million, surpassing the estimate of $462.30 million, with a +2.5% year-over-year change [3] Stock Performance - Wendy's shares have returned +16.9% over the past month, outperforming the Zacks S&P 500 composite's +1% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]