The Wendy's Company (WEN) Q3 2024 Earnings Call Transcript
The Wendy's Company (NASDAQ:WEN ) Q3 2024 Earnings Call Transcript October 31, 2024 6:00 PM ET Company Participants Aaron Broholm - Head of Investor Relations Kirk Tanner - President and Chief Executive Officer Gunther Plosch - Chief Financial Officer Conference Call Participants David Palmer - Evercore ISI Dennis Geiger - UBS Danilo Gargiulo - Bernstein John Ivankoe - J.P. Morgan Jeffrey Bernstein - Barclays Brian Mullan - Piper Sandler Chris O'Cull - Stifel Lauren Silberman - Deutsche Bank Brian Harbour - Morgan Stanley Jon Tower - Citi Jim Salera - Stephens Sara Senatore - Bank of America Andrew Charles - TD Cowen Gregory Francfort - Guggenheim Jake Bartlett - Truist Securities Peter Saleh - BTIG Christine Cho - Goldman Sachs Alex Slagle - Jefferies Jim Sanderson - Northcoast Research Logan Reich - RBC Operator Good morning.
Wendy's (WEN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for Wendy's (WEN) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Wendy's stock falls as same-restaurant sales miss again, by a wide margin
Shares of Wendy's Co. were knocked lower on Thursday after the fast-food burger chain missed same-restaurant sales expectations again, by the widest margin in more than four years.
Wendy's (WEN) Q3 Earnings Match Estimates
Wendy's (WEN) came out with quarterly earnings of $0.25 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.27 per share a year ago.
Analysts Estimate Wendy's (WEN) to Report a Decline in Earnings: What to Look Out for
Wendy's (WEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Wendy's: Still Top Of Mind When We Talk About Value In QSRs
QSRs face declining value perceptions and stagnant average check growth, with Wendy's standing out as a value leader due to its consistent value proposition and promotions. Wendy's maintains stable comparable sales and strong breakfast offerings, positioning it as a viable option amid rising competition from casual dining and c-stores. Despite market challenges, Wendy's is recommended as a 'Buy' due to its high payout ratio, international expansion, and strong value perception among guests.
WEN Stock Down 15% in a Year: Still Worth it? Buy, Sell or Hold?
Wendy's focus on menu innovation, technology upgrades, and international expansion positions it to capitalize on favorable industry trends.
Nelson Peltz steps down as chair of Wendy's board, starting a new era for burger chain
Nelson Peltz is stepping down as chair of Wendy's and assuming the title of chairman emeritus. Peltz's Trian Fund Management has a 10% stake in Wendy's, making it the burger chain's second-largest shareholder.
Wendy's Struggles As Chairman Leaves
Nelson Peltz, the famous corporate raider, took the job as chairman of Wendy's.
Wendy's: Hitting A Cyclical Soft Patch
Wendy's stock has been a fairly poor performer since my opening piece late last year, trailing QSR peers. Comps and unit-level margins are weakening, albeit this appears to be a cyclical slowdown rather than a company-specific problem. The dividend yield has expanded to nearly 6%. Only very modest contributions from same-restaurant sales and net unit growth are needed to make that work for investors.
Wendy's (WEN) Falls 13% YTD: Can the Stock Bounce Back?
Wendy's (WEN) is hurt by higher commodities costs and reduced customer count.
Wendy's: Only Buy If You Have The Patience To Wait! (Rating Upgrade)
The QSR industry sees price-sensitive guests demanding value meals, leading to traffic shifts from QSRs to FSRs. Wendy's maintains a balanced promotional mix with 'Biggie Bag' and value meals, focusing on international expansion through franchising. Valuation models suggest Wendy's is a 'Buy' for long-term investors seeking predictability and reliability in dividends and shareholder value.
