WEN Stock Recent News

Wendy's (WEN) fourth-quarter fiscal 2023 results benefit from solid same-restaurant sales. Yet, higher amortization of cloud computing arrangement costs hurts the bottom line.

Wendy's chairman and its largest shareholder, charged the fast-food giant nearly $600,000 in "security-related expenses" last year, according securities filings.

Although the revenue and EPS for Wendy's (WEN) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Aside from this past Tuesday's very important Consumer Price Index (CPI) report, this Thursday morning contains the biggest market data of the week. It's sheer volume on both economic prints and Q4 earnings reports.

Pre-market futures are taking away overall positive vibes on Jobless Claims, Retail Sales, Import/Export Prices and more.

Wendy's (WEN) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.22 per share a year ago.

Wendy's expects 2024 earnings of between 98 cents to $1.02 a share, below analysts' estimates.

Shares of Wendy's Co. WEN slumped 2% toward a three-month low in premarket trading Thursday, after the fast-food burger chain reported fourth-quarter profit and revenue that missed expectations, and provided a 2024 outlook that was below Wall Street forecasts. Net income rose to $46.9 million, or 23 cents a share, from $41.3 million, or 19 cents a share, in the year-ago period.

Wendy's (WEN) fourth-quarter 2023 results are likely to reflect a gain from robust same-restaurant sales, technological upgrades and international expansion.

Wendy's (WEN) expands breakfast offerings with the new Hearty Breakfast Burrito.