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.
Wendy's (WEN) Q2 Earnings and Revenues Lag Estimates
Wendy's (WEN) second-quarter fiscal 2024 results benefit from solid same-restaurant sales, strength in U.S. breakfast sales and digital sales momentum.
The Wendy's Company (WEN) Q2 2024 Earnings Call Transcript
The Wendy's Company (NASDAQ:WEN ) Q2 2024 Results Conference Call August 1, 2024 8:30 AM ET Company Participants Kelsey Freed - Director of Investor Relations Kirk Tanner - President and Chief Executive Officer Gunther Plosch - Chief Financial Officer Conference Call Participants Jeffrey Bernstein - Barclays Brian Bittner - Oppenheimer John Ivankoe - JPMorgan Alex Slagle - Jefferies Eric Gonzalez - KeyBanc Jared Hludzinski - BMO Capital Markets Dennis Geiger - UBS Danilo Gargiulo - Bernstein Jon Tower - Citi Gregory Francfort - Guggenheim Partners Brian Mullan - Piper Sandler Lauren Silberman - Deutsche Bank Brian Harbour - Morgan Stanley David Palmer - Evercore ISI Sara Senatore - Bank of America Tyler Klaus - Stephens Operator Good morning. Welcome to the Wendy's Company Earnings Results Conference Call.
Wendy's (WEN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Wendy's (WEN) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Jobless Claims, Productivity Higher; TM, WEN, CROX Report
Initial Jobless Claims came in at their highest levels in almost a year, to 249K -- well above the 235K anticipated.
Wendy's (WEN) Q2 Earnings and Revenues Miss Estimates
Wendy's (WEN) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.28 per share a year ago.
Wendy's stock bolstered as sales guidance offsets Q2 revenue miss
Wendy's Inc. ‘s stock WEN rose 1.4% early Thursday, after the fast-food company's second-quarter sales miss was offset by better-than-expected sales guidance. The Dublin, Ohio-based company had net income of $59.6 million, or 28 cents a share, for the quarter, up from $54.6 million, or 27 cents a share, in the year-earlier period.
Wendy's (WEN) to Announce Q2 Earnings: What's in Store?
Wendy's (WEN) second-quarter 2024 performance is likely to reflect a gain from robust same-restaurant sales, menu innovation initiatives and international expansion.
