WEN faces significant pressure due to macroeconomic headwinds, inflationary challenges and competitive pressure.
Kirk Tanner, Wendy's CEO, discusses collaborating with different brands saying, "Connecting in culture is so important."
Kirk Tanner, Wendy's CEO, joins 'Money Movers' to discuss what Tanner is telling investors about the brand's growth strategy, what's driving traffic right now, and much more.
WEN benefits from solid comps growth and strength in U.S. breakfast sales and digital sales momentum.
Wendy's has shifted focus towards international growth, planning to expand from 1,300 to 2,000 locations outside the US by 2028. The dividend was cut to a more sustainable 67¢ in 2025, with a payout ratio of 50%-60%, aiming for long-term value return. Despite lower 2025 guidance, Wendy's aims for substantial growth, targeting $650-$700 million adjusted EBITDA and 8,300 units by 2028.
Wendy's is cutting its quarterly dividend from $0.25 to $0.14 per share to focus on deleveraging and investing in U.S. operations. The new capital allocation strategy includes $200 million in buybacks and reducing long-term debt to improve financial health and shareholder returns. FY 2025 guidance includes 2%-3% global sales growth, adjusted EBITDA of $550-$560 million, and free cash flow of $275-$285 million.
JPMorgan analyst John Ivankoe gives Wendy's Co WEN a Neutral rating, lowering the price forecast to $17 from $20.
The Wendy's Company (NASDAQ:WEN ) Q4 2024 Results Conference Call February 13, 2025 8:30 AM ET Company Participants Aaron Broholm - Head of Investor Relations Kirk Tanner - President and Chief Executive Officer Ken Cook - Chief Financial Officer Conference Call Participants Dennis Geiger - UBS David Palmer - Evercore ISI Jon Tower - Citi Brian Mullan - Piper Sandler Danilo Gargiulo - Bernstein Brian Bittner - Oppenheimer Chris O'Cull - Stifel Jim Salera - Stephens Andrew Charles - TD Cowen Eric Gonzalez - KeyBanc Rahul Krotthapalli - JPMorgan Jim Sanderson - Northcoast Research Christine Cho - Goldman Sachs Logan Reich - RBC Capital Markets Operator Good morning. Welcome to The Wendy's Company Earnings Results Conference Call.
The headline numbers for Wendy's (WEN) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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.