Wendy’s(US:WEN) Zacks Investment Research·2024-05-02 15:31Core Insights - Wendy's reported revenue of $534.75 million for Q1 2024, a year-over-year increase of 1.1%, with EPS of $0.23 compared to $0.21 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate by 1.23%, while the EPS exceeded the consensus estimate by 9.52% [1] Performance Metrics - Total number of restaurants: 7,248, below the average estimate of 7,262 [2] - Same-Restaurant Sales in the U.S.: 0.6%, lower than the estimated 1.4% [2] - Same-Restaurant Sales Internationally: 3.2%, exceeding the estimated 2.9% [2] - Company-operated restaurants: 411, compared to the average estimate of 417 [2] - Sales at Company-operated restaurants: $225.32 million, below the average estimate of $232.29 million, representing a year-over-year decline of 1.2% [2] - Advertising funds revenue: $104.94 million, slightly above the average estimate of $104.79 million, with a year-over-year increase of 3.5% [2] - Franchise royalty revenue: $125.68 million, below the average estimate of $145.77 million, with a year-over-year increase of 2.9% [2] - Franchise rental income: $57.99 million, slightly below the average estimate of $58.30 million, with a year-over-year increase of 0.3% [2] - Franchise fees: $20.82 million, above the average estimate of $19.02 million [2] - Global Real Estate & Development revenue: $59.09 million, slightly above the average estimate of $58.80 million [2] - Systemwide sales total: $3.45 billion, below the average estimate of $3.48 billion [2] - Wendy's U.S. revenue: $442.85 million, below the average estimate of $450.71 million [2] Stock Performance - Wendy's shares have returned +7% over the past month, outperforming the Zacks S&P 500 composite, which declined by -4.2% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [3]