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THE WENDY'S COMPANY REPORTS SECOND QUARTER 2025 RESULTS
Prnewswire· 2025-08-08 11:00
Core Viewpoint - The Wendy's Company reported a decline in overall systemwide sales for the second quarter of 2025, primarily due to lower same-restaurant sales in the U.S., while the international segment showed strong growth. Operational Highlights - The company opened 44 new restaurants in the second quarter, totaling 118 new openings in the first half of 2025 [2] - International systemwide sales grew by 8.7%, while U.S. systemwide sales declined by 3.3% [2][5] - Same-restaurant sales growth in the U.S. was down 3.6%, compared to a 1.8% increase in the international segment [2][5] - The total restaurant count at the end of the quarter was 7,334, with 5,967 in the U.S. and 1,367 internationally [2] Financial Highlights - Total revenues for the second quarter were $560.9 million, a decrease of 1.7% from the previous year [4] - Adjusted revenues were $449.6 million, down 1.3% year-over-year [4] - U.S. Company-operated restaurant margin decreased to 16.2%, down from 16.5% [4][7] - Operating profit increased to $104.3 million, up 4.8% from the previous year [4][10] - Net income for the quarter was $55.1 million, a slight increase of 0.9% [4][11] - Reported diluted earnings per share were $0.29, reflecting a 7.4% increase [4][13] Cash Flow and Shareholder Returns - Cash flow from operations was $146.0 million, a 0.3% increase year-over-year [4] - The company returned $88.7 million to shareholders through dividends and share repurchases [9] - The company repurchased 4.8 million shares for $61.9 million in the second quarter [15] 2025 Outlook - The company reaffirmed its global net unit growth target of 2-3% and capital expenditures between $165 million and $175 million [16] - The updated expectations for global systemwide sales growth are now between -5.0% to -3.0% [16] - Adjusted earnings per share are expected to be between $0.82 and $0.89, down from previous estimates [16]
THE WENDY'S COMPANY NAMES PETE SUERKEN PRESIDENT, U.S.
Prnewswire· 2025-07-22 20:30
Core Points - The Wendy's Company has appointed Pete Suerken as President, U.S., effective immediately, succeeding Abigail Pringle who will leave the company after a transition period [1][2] - Suerken has a strong background in the food and restaurant industries, having served as President and CEO of Wendy's Quality Supply Chain Co-op since 2021 and previously held leadership roles at Resin Technology Inc. and Restaurant Supply Chain Solutions [2] - Interim CEO Ken Cook emphasized the importance of delivering exceptional customer experiences, increasing profitability, and accelerating growth as key priorities for the U.S. business under Suerken's leadership [3] Company Overview - Wendy's was founded in 1969 by Dave Thomas in Columbus, Ohio, and is known for its made-to-order square hamburgers and commitment to quality [5] - The company operates over 7,000 restaurants worldwide and employs hundreds of thousands of people, aiming to become the world's most thriving and beloved restaurant brand [5]
Wendy's Announces New Development Agreements for 190 New Restaurants Across Italy and Armenia
Prnewswire· 2025-07-15 11:00
Core Insights - Wendy's Company aims to accelerate global net unit growth, targeting 2,000 international restaurants by 2028, with 70% of this growth expected to occur outside the United States [1][4] Expansion in Italy - Wendy's has entered into an exclusive franchise agreement with Your Food S.R.L to develop 170 new restaurants in Italy by 2035, marking a significant step in European expansion [2] - The first two Wendy's locations in Italy are set to open in Milan by mid-2026, establishing a foundation for long-term growth in the region [2] Expansion in Armenia - An exclusive franchise agreement has been signed with Wen Restaurant LLC to develop 20 new Wendy's restaurants in Armenia by 2030, enhancing the brand's presence in the Europe, Middle East, and Africa region [3] - The first location in Armenia is expected to open in Yerevan's city center, reflecting a commitment to redefining the quick service restaurant experience in the country [3] Leadership Statements - E.J. Wunsch, President of International at Wendy's, emphasized the success of the accelerated growth strategy and the brand's strong positioning for international scaling [4] - Mario Resca, Chairman of Your Food S.R.L, expressed pride in partnering with Wendy's to introduce a new quick service restaurant standard in Italy [4] - Hrant Grigoryan, CEO of Wen Restaurant LLC, highlighted the introduction of Wendy's fresh, made-to-order menu in Armenia, aiming to set a new standard in the region [4][8] Company Overview - Wendy's Company operates over 7,000 restaurants globally and is committed to delivering fresh, high-quality food, including its signature square hamburgers and other popular menu items [5]
The Wendy's Company to Report Second Quarter 2025 Results on August 8
Prnewswire· 2025-07-10 20:30
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]
THE WENDY'S COMPANY REPORTS FIRST QUARTER 2025 RESULTS
Prnewswire· 2025-05-02 11:00
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]
Wendy's Unveils Next Chapter of Growth and Announces Long-Term Financial Algorithm at 2025 Investor Day
Prnewswire· 2025-03-06 12:00
Core Insights - The Wendy's Company is hosting its 2025 Investor Day to outline growth plans and long-term financial goals [1] - The company aims to leverage its brand strength and enhance customer experience through innovation and technology [2] Growth Strategy - The growth strategy is built on three pillars: enhancing food quality, improving customer experience, and accelerating global unit growth [4] - The company plans to invest in new restaurant openings globally and technology to boost profitability [2][4] Financial Projections - The long-term financial algorithm includes annual net unit growth of 3-4%, systemwide sales growth of 5-6%, and adjusted EBITDA growth of 7-8% [3] - By 2028, Wendy's targets a restaurant count of 8,100 to 8,300, global systemwide sales of $17.5 to $18.0 billion, and adjusted EBITDA of $650 to $700 million [3] 2025 Outlook - For the full year 2025, the company expects global systemwide sales growth of 2-3% [3] - Adjusted earnings per share are projected to be between $0.98 to $1.02, with adjusted EBITDA of $550 to $560 million [5] Customer Experience Focus - Wendy's is committed to delivering an exceptional customer experience through operational intensity and digital integration [4] - The company emphasizes convenience and hospitality to enhance the in-restaurant and digital experience [4] Expansion Plans - Wendy's plans to add 1,000 net new restaurants globally by 2028 [3] - The company is focusing on key markets and globalizing its supply chain to support growth [4]