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Wendy's (WEN) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
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Wendy's (WEN - Free Report) reported $534.75 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.1%. EPS of $0.23 for the same period compares to $0.21 a year ago.
The reported revenue represents a surprise of -1.23% over the Zacks Consensus Estimate of $541.41 million. With the consensus EPS estimate being $0.21, the EPS surprise was +9.52%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Wendy's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Number of restaurants - Total: 7,248 compared to the 7,262 average estimate based on nine analysts.
Same-Restaurant - U.S. 0.6% versus 1.4% estimated by nine analysts on average.
Same-Restaurant - International: 3.2% versus 2.9% estimated by seven analysts on average.
Number of restaurants - Company-operated - Total: 411 compared to the 417 average estimate based on seven analysts.
Revenues- Sales at Company-operated restaurants: $225.32 million compared to the $232.29 million average estimate based on nine analysts. The reported number represents a change of -1.2% year over year.
Revenues- Advertising funds: $104.94 million versus the nine-analyst average estimate of $104.79 million. The reported number represents a year-over-year change of +3.5%.
Revenues- Franchise royalty: $125.68 million compared to the $145.77 million average estimate based on eight analysts. The reported number represents a change of +2.9% year over year.
Revenues- Franchise rental income: $57.99 million versus the eight-analyst average estimate of $58.30 million. The reported number represents a year-over-year change of +0.3%.
Revenues- Franchise fees: $20.82 million versus the five-analyst average estimate of $19.02 million.
Revenues- Global Real Estate & Development: $59.09 million versus $58.80 million estimated by four analysts on average.
Systemwide sales- Total: $3.45 billion versus $3.48 billion estimated by four analysts on average.
Revenues- Wendy?s U.S: $442.85 million compared to the $450.71 million average estimate based on four analysts.
Shares of Wendy's have returned +7% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Wendy's (WEN) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Wendy's (WEN - Free Report) reported $534.75 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.1%. EPS of $0.23 for the same period compares to $0.21 a year ago.
The reported revenue represents a surprise of -1.23% over the Zacks Consensus Estimate of $541.41 million. With the consensus EPS estimate being $0.21, the EPS surprise was +9.52%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Wendy's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Number of restaurants - Total: 7,248 compared to the 7,262 average estimate based on nine analysts.
- Same-Restaurant - U.S. 0.6% versus 1.4% estimated by nine analysts on average.
- Same-Restaurant - International: 3.2% versus 2.9% estimated by seven analysts on average.
- Number of restaurants - Company-operated - Total: 411 compared to the 417 average estimate based on seven analysts.
- Revenues- Sales at Company-operated restaurants: $225.32 million compared to the $232.29 million average estimate based on nine analysts. The reported number represents a change of -1.2% year over year.
- Revenues- Advertising funds: $104.94 million versus the nine-analyst average estimate of $104.79 million. The reported number represents a year-over-year change of +3.5%.
- Revenues- Franchise royalty: $125.68 million compared to the $145.77 million average estimate based on eight analysts. The reported number represents a change of +2.9% year over year.
- Revenues- Franchise rental income: $57.99 million versus the eight-analyst average estimate of $58.30 million. The reported number represents a year-over-year change of +0.3%.
- Revenues- Franchise fees: $20.82 million versus the five-analyst average estimate of $19.02 million.
- Revenues- Global Real Estate & Development: $59.09 million versus $58.80 million estimated by four analysts on average.
- Systemwide sales- Total: $3.45 billion versus $3.48 billion estimated by four analysts on average.
- Revenues- Wendy?s U.S: $442.85 million compared to the $450.71 million average estimate based on four analysts.
View all Key Company Metrics for Wendy's here>>>Shares of Wendy's have returned +7% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.