Group 1 - The Wendy's Company will release its second quarter 2025 results on August 8, 2025, before market opens [1] - A conference call will be held on the same day at 8:30 a.m. ET, with a webcast available on the Company's Investor Relations website [1] - The conference call can be accessed by telephone for domestic and international callers, with a replay available on the Investor Relations website [1] Group 2 - Wendy's operates over 7,000 restaurants worldwide and employs hundreds of thousands of people [2] - The company is known for its fresh, made-to-order square hamburgers and popular menu items like the Spicy Chicken Sandwich and Frosty dessert [2] - Wendy's supports the Dave Thomas Foundation for Adoption, aiming to increase adoptions from North America's foster care system [2]

Kirk Tanner to Depart Wendy's for CEO Role at The Hershey CompanyDUBLIN, Ohio, July 8, 2025 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) today announced that Kirk Tanner, President and Chief Executive Officer, is leaving to become the President and CEO at The Hershey Company (NYSE: HSY) and will depart The Wendy's Company effective July 18, 2025. Wendy's Board of Directors has launched a comprehensive search process to select a permanent CEO.The Board has appointed Ken Cook, Chief Financial Officer of ...

Financial Performance - Global systemwide sales declined by 1.1%[11], while global same-restaurant sales (SRS) decreased by 2.1%[11] - International systemwide sales grew by 8.9%[12], with SRS growth of 2.3%[12] - U S Company restaurant margin was 14.8%[35], a decrease of 50 basis points compared to 15.3%[35] - Adjusted EBITDA decreased by 2.6% to $124.5 million[35] from $127.8 million[35] - Adjusted EPS decreased by 13.0% to $0.20[35] from $0.23[35] - Free cash flow increased by $12 million to $68 million[38] from $56 million[38] Capital Allocation - The company returned over $173 million to shareholders through dividends and share repurchases[12] - 8.2 million shares were repurchased in Q1[39] - The company anticipates repurchasing up to an additional $25 million of shares in 2025[39] - The Q2 dividend is $0.14 per share[39] 2025 Outlook - Net unit growth is projected to be between 2% and 3%[30, 40] - Global systemwide sales growth is expected to range from -2.0% to flat[40] - Adjusted EBITDA is projected to be between $530 million and $545 million[40] - Adjusted EPS is expected to be between $0.92 and $0.98[40] - Free cash flow is projected to be between $185 million and $205 million[40] - Capital expenditures are expected to be between $100 million and $110 million[40]

Core Viewpoint - Wendy's shares rose despite disappointing first-quarter sales, with analysts providing mixed assessments on the company's performance and outlook [1][2][6]. Financial Performance - Wendy's reported first-quarter adjusted EBITDA of $124.5 million, exceeding consensus estimates of $122.1 million [2]. - Total revenue for the quarter was $523.5 million, falling short of the consensus of $526.5 million [6]. - U.S. same-store sales declined by 2.8%, worse than the expected decline of 1.6% [2]. - Global same-store sales decreased by 2.1%, also worse than the consensus of a 1% decline [6]. Guidance and Outlook - Management lowered full-year systemwide sales growth guidance to a range of -2% to flat, down from a previous projection of +2% to +3% [3]. - The earnings guidance for 2025 was reduced to 92 cents-98 cents per share, from a prior range of 98 cents-$1.02 per share [7]. - EBITDA outlook for 2025 was trimmed to $530-$545 million, below Street expectations of $546 million [11]. Analyst Ratings and Insights - Truist Securities maintained a Buy rating but reduced the price target from $17 to $16 [2]. - RBC Capital Markets reiterated a Sector Perform rating with a price target of $14, noting consumer softness impacting sales [4]. - Stephens reaffirmed an Equal-weight rating and price target of $14, highlighting the impact of deteriorating consumer sentiment [6]. - KeyBanc Capital Markets maintained a Sector Weight rating, indicating expectations of low-to-middle single-digit same-store sales growth in the current quarter [8]. - Oppenheimer reiterated a Perform rating, reflecting concerns over the uncertain macroeconomic environment [11]. Market Trends and Challenges - The decline in same-store sales was attributed to adverse weather conditions and a macro pull-back in demand [3]. - Analysts noted that the trends turned negative after a brief positive period in late February and early March [12]. - The company is planning menu innovations and brand collaborations to boost momentum in the second half of the year [9][10].

Core Insights - Wendy's is anticipating financial pressure on customers for the remainder of the year, leading to a focus on value offerings to attract diners after a 2.1% decline in same-store sales [1][2] - The company is launching new initiatives such as Frosty Fusions and a "100 Days of Summer" program to drive traffic and enhance customer engagement [2] - Technological investments are being made to improve customer experience, including enhancements to the mobile app, loyalty program, and digital menu boards [3] Technological Enhancements - Wendy's is collaborating with Palantir to improve its supply chain through a digital twin that tracks the supply chain network in real time across 3,500 transportation units [4] - The digital twin system alerts Wendy's to potential stock shortages and helps manage raw material orders efficiently [5] - An example of the system's effectiveness is its ability to resolve a network-wide shortage of 10,200 cases of syrup in five minutes, a task that previously required extensive manual effort [6]

The Wendy’s Company (WEN) Q1 2025 Earnings Call May 02, 2025 08:30 AM ET Company Participants Aaron Broholm - Head of Investor RelationsKirk Tanner - CEO, President & DirectorKen Cook - CFODavid Palmer - Senior Managing DirectorDennis Geiger - Executive Director - Equity ResearchJon Tower - Director & Equity Research - Consumer & RestaurantsLauren Silberman - DirectorMargaret-May Binshtok - VP - Equity ResearchAndrew Charles - Managing DirectorRahul Krotthapalli - Vice President - Equity ResearchChris O’Cul ...

The Wendy’s Company (WEN) Q1 2025 Earnings Call May 02, 2025 08:30 AM ET Speaker0 Good morning. Welcome to The Wendy's Company Earnings Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. You may begin your conference. Good morning, and thank Speaker1 you for joining our fiscal twenty twenty five first quarter earnings conference call. After this brief introduction, Kirk Tanner, Pres ...

Core Insights - The Wendy's Company reported a decline in total revenues and net income for the first quarter of 2025, primarily due to lower sales in U.S. Company-operated restaurants and decreased franchise royalty revenue [5][8][12] - The company achieved systemwide sales growth of 8.9% in its International segment, while U.S. systemwide sales declined by 2.6% [2][9] - Wendy's added 68 net new restaurants globally and aims for a full-year net unit growth of 2-3% [2][9] Operational Highlights - Systemwide sales growth for the first quarter of 2025 was -1.1% globally, with U.S. same-restaurant sales down by 2.8% and International same-restaurant sales up by 2.3% [7][9] - Total systemwide sales reached $3.4 billion, a decrease of 1.1% compared to the previous year [9] - The company increased its global digital sales mix to a record 20.3% [9] Financial Performance - Total revenues for the first quarter of 2025 were $523.5 million, down 2.1% from $534.8 million in the same period of 2024 [5][9] - Net income decreased to $39.2 million, a decline of 6.7% from $42.0 million year-over-year [5][12] - Adjusted EBITDA fell to $124.5 million, down 2.6% from $127.8 million in the prior year [5][13] Cost and Expenses - U.S. Company-operated restaurant margin decreased to 14.8%, down 0.5% from the previous year, primarily due to commodity inflation and labor rate inflation [5][10] - General and administrative expenses increased by 6.9% to $68.2 million, attributed to higher employee compensation and benefits [5][11] Shareholder Returns - The company returned $173.5 million to shareholders through dividends and share repurchases [9] - A quarterly cash dividend of $0.14 per share was declared, payable on June 16, 2025 [14] Future Outlook - The company updated its full-year 2025 outlook to reflect the current consumer environment, maintaining a focus on strategic priorities [2][9] - Capital expenditures are projected to be between $100 million and $110 million, with adjusted earnings per share expected to range from $0.92 to $0.98 [9][19]

Highlights Palantir uses digital twins to unify fragmented data sources from retail operations at Wendy’s and Walgreens, giving the companies with real-time visibility and AI-driven decision making. Wendy’s slashed its manual workload using Palantir’s AI platform, which resolved a syrup shortage across 6,450 restaurants in just five minutes instead of a full day. Walgreens reduced the time used for tasks by 30% through intelligent workload routing using a digital twin, scaling from a 10-store pilot t ...

Wendy's is offering even more ways to love Frosty with new sauces and mix-ins, including OREO cookie pieces and Pop-Tarts Crunchy Poppers piecesDUBLIN, Ohio, April 10, 2025 /PRNewswire/ -- Wendy's® is reimagining the famous Frosty® with new ways to experience the beloved frozen treat! Fans can enjoy a fresh take on Frosty with the introduction of Frosty Swirls™, which feature new sauces, and Frosty Fusions™, which include sauces and various sweet treat mix-ins such as Pop-Tarts® and OREO® cookies. Fans can ...