Wendy's (WEN) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.21 per share a year ago.
Fast-food chain Wendy's posted better-than-expected fourth-quarter earnings and ended six quarters of same-restaurant sales shortfalls, offsetting soft guidance for 2025.
WEN's fourth-quarter 2024 results are likely to reflect a gain from robust same-restaurant sales, technological upgrades and international expansion.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Wendy's (WEN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
Wendy's (WEN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
DARIEN, IL – The old Darien Wendy's restaurant, which closed in early December, may get a new occupant, an official said Monday. "Wendy's is under contract," Dan Gombac, Darien's municipal services director, told the City Council. "When these bigger boys are out there, they don't disclose until the last minute what's coming in. But it sounds like it's going to be a restaurant of some type, whether it's fast food or white cloth." The old Wendy's is at the southwest corner of Route 83 and Plainfield Road, close to Hinsdale South High School. Asked about the old TFI Fridays building, Gombac said, "There's some rumbling going on." But he gave no details. TGI Fridays at 2201 75th St. closed its doors in December, a month after the chain filed for bankruptcy protection. The local restaurant was at Darien Towne Center, which includes Walmart. In December, Gombac told the council that both Wendy's and TGI Fridays were seeing a lack of sales.
The ongoing inflationary environment, rising labor costs and a decline in customer counts are weakening WEN's growth.
Wendy's growth initiatives and digital transformation efforts underscore its long-term potential. However, high labor costs are a concern.
Wendy's is shuttering 140 restaurants as it looks to improve its "restaurant footprint and overall system health."
Wendy's says will close 140 "outdated" stores this year, leaving its growth count flat for 2024. The company said Thursday the move will set the chain up for faster expansion in the coming years.
If you're a fan of Wendy's, the company announced some bad news when reporting its third-quarter 2024 financial results yesterday: The burger chain will close around 140 stores by the end of the year. However, there's a silver lining of sorts to these closures, too.
WEN's third-quarter fiscal 2024 results benefit from solid same-restaurant sales, strength in U.S. breakfast sales and digital sales momentum.