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Wendy's Co WEN reported downbeat sales for the first quarter on Friday.
Fast food chain Wendy's is expecting customers to feel financial pressure for the remainder of the year. To that end, the website Nation's Restaurant News reported Friday (May 2), the company is leaning into value offerings to attract diners after releasing earnings showing a 2.1% decline in same-store sales.
WEN's fiscal first-quarter results reflect a decline in global sales, due to reduced revenues from company-operated restaurants and franchise royalties.
Wendy's (WEN) is the latest fast-food chain to express wariness about the months ahead, trimming its earnings outlook for the year and saying sales in 2025 may fall year-over-year.
Hotter-Than-Expected Nonfarm Payrolls for April.
Monthly jobs stayed at a healthy level, with wage growth cooling. Pre-market traders love it, sending major indexes up higher this morning.
The Wendy's Company (NASDAQ:WEN ) Q1 2025 Earnings Call May 2, 2025 8:30 AM ET Company Participants Aaron Broholm - Head of IR Kirk Tanner - President and CEO Ken Cook - CFO Conference Call Participants Jeffrey Bernstein - Barclays Bank David Palmer - Evercore ISI Dennis Geiger - UBS Investment Bank Jon Tower - Citigroup Inc. Sara Senatore - Bank of America Brian Bittner - Oppenheimer & Co. James Salera - Stephens Inc. Lauren Silberman - Deutsche Bank Margaret Binshtok - Wolfe Research Andrew Charles - TD Cowen Danilo Gargiulo - Sanford C. Bernstein Rahul Krotthapalli - J.P.
The headline numbers for Wendy's (WEN) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Wendy's sees sales of U.S. restaurants open for more than a year decline for the first time since the height of Covid, and the stock sinks to prices not seen since then.
Wendy's (WEN) came out with quarterly earnings of $0.20 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.23 per share a year ago.