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Wendy's Falls Short of Q4 Earnings & Sales Estimates
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The Wendy's Company (WEN - Free Report) just released its fourth-quarter and full year 2017 financial results, posting adjusted earnings of $0.11 per share and revenues of $309.2 million. Currently, Wendy's is a Zacks Rank #3 (Hold) and is down over 1% to $16 per share in after-hours trading shortly after its earnings report was released.
WEN:
Missed earnings estimates. The company posted adjusted earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.12 per share.
Missed revenue estimates. The company saw revenue figures of $309.2 million, falling short of our consensus estimate of $315.31 million.
Wendy's same-restaurant North America sales jumped by 1.3% in Q4, and 2% in fiscal 2017. Overall fourth-quarter revenues dipped marginally year-over-year. Wendy's pointed to the fact that it held 90 fewer “company-operated restaurants” as the reason for this decline.
For the full-year, sales fell 14.8% to $1.22 billion due to the reduced number of company operated restaurants, closing the year with 295 fewer locations.
Wendy's expects North America same-restaurant sales will grow between 2% and 2.5% in fiscal 2018.
"We are very proud of the fact that we have now recorded 20 consecutive quarters of positive same-restaurant sales in North America, two consecutive years of positive global net new restaurant growth and that North America AUVs have reached an all-time high of $1.61 million,” CEO Todd Penegor said in a statement.
Here’s a graph that looks at WEN’s Price, Consensus and EPS Surprise history:
Wendy's Company (The) Price, Consensus and EPS Surprise
The Wendy's Company is the world's third-largest quick-service hamburger company. The Wendy's system includes more than 6,500 franchise and Company-operated restaurants in the United States and 27 countries and U.S. territories worldwide.
Check back later for our full analysis on WEN’s earnings report!
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It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Wendy's Falls Short of Q4 Earnings & Sales Estimates
The Wendy's Company (WEN - Free Report) just released its fourth-quarter and full year 2017 financial results, posting adjusted earnings of $0.11 per share and revenues of $309.2 million. Currently, Wendy's is a Zacks Rank #3 (Hold) and is down over 1% to $16 per share in after-hours trading shortly after its earnings report was released.
WEN:
Missed earnings estimates. The company posted adjusted earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.12 per share.
Missed revenue estimates. The company saw revenue figures of $309.2 million, falling short of our consensus estimate of $315.31 million.
Wendy's same-restaurant North America sales jumped by 1.3% in Q4, and 2% in fiscal 2017. Overall fourth-quarter revenues dipped marginally year-over-year. Wendy's pointed to the fact that it held 90 fewer “company-operated restaurants” as the reason for this decline.
For the full-year, sales fell 14.8% to $1.22 billion due to the reduced number of company operated restaurants, closing the year with 295 fewer locations.
Wendy's expects North America same-restaurant sales will grow between 2% and 2.5% in fiscal 2018.
"We are very proud of the fact that we have now recorded 20 consecutive quarters of positive same-restaurant sales in North America, two consecutive years of positive global net new restaurant growth and that North America AUVs have reached an all-time high of $1.61 million,” CEO Todd Penegor said in a statement.
Here’s a graph that looks at WEN’s Price, Consensus and EPS Surprise history:
Wendy's Company (The) Price, Consensus and EPS Surprise
Wendy's Company (The) Price, Consensus and EPS Surprise | Wendy's Company (The) Quote
The Wendy's Company is the world's third-largest quick-service hamburger company. The Wendy's system includes more than 6,500 franchise and Company-operated restaurants in the United States and 27 countries and U.S. territories worldwide.
Check back later for our full analysis on WEN’s earnings report!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>