In February, he said Wendy's stock was undervalued, and that he had spoken with possible financing sources about possible deals, including an acquisition or other major transactions.
Nelson Peltz's activist investment firm Trian Fund Management is seeking investor backing for a potential bid to take fast-food chain Wendy's private, according to a Financial Times report citing people familiar with the matter. Shares of Wendy's (WEN) surged on Tuesday following the report, climbing as much as 14% to $7.75.
Wendy's shares rose on Friday after the fast-food giant reported stronger-than-expected quarterly earnings, beating analyst estimates despite poor U.S. store performance, with U.S. same-restaurant sales falling 7.8%.
Wendy's NASDAQ: WEN reported first-quarter results that management said were largely in line with expectations, while acknowledging the restaurant chain remains in the early stages of a U.S. turnaround effort aimed at improving traffic, operations and franchisee economics.
While the top- and bottom-line numbers for Wendy's (WEN) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
The Wendy's Company (WEN) Q1 2026 Earnings Call Transcript
Wendy's (WEN) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.1 per share. This compares to earnings of $0.2 per share a year ago.
Wendy's recorded higher revenue in the first quarter, as it works to return to sales growth at its U.S. restaurants.
WEN reports Q1 2026 results on May 8: Project Fresh, Biggie Deals and digital growth face beef-and-labor inflation, pressuring margins.
Bringing home the Baconator is not as easy as it used to be, and it's about to get even harder in cities around the country.
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 remains on hold as I await clear evidence of a business turnaround over shareholder rewards. WEN's attractive PE (~8) and PS (0.61) ratios are offset by declining revenues, low margins, and aggressive dividend payouts. I favor WEN's shift toward a permanent value menu and store closures, but high dividend payouts remain a concern amid weak fundamentals.