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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.
Wendy's (WEN) stock is on the menu to watch Friday after the company named PepsiCo (PEP) executive Kirk Tanner as its next CEO, effective Feb. 5. Tanner, who most recently served as the beverage giant's North American chief, will succeed Todd Penegor, who has been at the helm of Wendy's since 2016.
A key component of income investing is a portfolio that includes safe dividends, those that are unlikely to shrink or disappear.
DUBLIN, Ohio , Jan. 11, 2024 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) will release its fourth quarter and full year 2023 results and share its 2024 financial outlook before the market opens on Thursday, February 15. The Company will host a conference call and simultaneous webcast that same day at 8:30 a.m.
Wendy's (WEN) focuses on new franchise additions to drive growth. However, high commodity and labor costs are a concern.