In this file:

 

·         Wendy's Top Q1 Earnings Estimates With Solid U.S. Sales Growth

·         Wendy’s reports strong sales, earnings

 

 

Wendy's Top Q1 Earnings Estimates With Solid U.S. Sales Growth

Wendy's posted stronger-than-expected first quarter earnings Wednesday as North American sales gains offset a slide in international revenues.

 

Martin Baccardax, TheStreet

May 8, 2019

 

The Wendy's Company (WEN - Get Report) posted stronger-than-expected first quarter earnings Wednesday as North American sales gains offset a slide in international revenues.

 

Wendy's said adjusted earnings for the three months ending in March came in at 14 cents per share, up 27% from the same period last year and 2 cents ahead of the consensus Street forecast. Group revenues, Wendy's said, rose 7.4% to $408.58 million and again beat analysts' estimate of a $398.58 million tally.

 

North American sales growth was pegged at 3%, the company said, a 20 basis point improvement from last year that helped offset a decline in international sales growth, which fell to 10.1% from 13.7%. U.S. same-store sales growth of 1.3% was largely in-line with analysts' forecasts. Looking into 2019, Wendy's said it sees global system-wide sales growth of between 3% adn 4%, with earnings per share growth of between 3.5% and 7% on an adjusted basis.

 

"We delivered strong earnings growth in the first quarter and are proud of our continued progress to build an even stronger foundation for the Wendy's brand," said CEO Todd Penegor...

 

more

https://www.thestreet.com/investing/earnings/wendy-s-top-q1-earnings-estimates-with-solid-u-s-sales-growth-14952599

 

 

Wendy’s reports strong sales, earnings

 

By Megan Henry, The Columbus Dispatch

May 8, 2019

 

Wendy’s started 2019 on a high note.

 

The Dublin-based burger chain reported sales of $408.6 million in the first quarter, up from $380.6 million a year ago. The driving force behind the increase in sales was higher sales at company-operated restaurants and an increase in franchise royalty revenue and fees.

 

“We delivered strong earnings growth in the first quarter and are proud of our continued progress to build an even stronger foundation for the Wendy’s brand,” Todd Penegor, Wendy’s president and CEO, said in a news release. “We are executing on our plan to accelerate same-restaurant sales in North America and drive global restaurant expansion, fueled by a healthy restaurant economic model.”

 

Net income was $31.9 million in the first quarter compared to $20.2 million a year ago, a result of an increase in operating profit.

 

Adjusted earnings per share rose...

 

more

https://www.dispatch.com/article/20190508/BUSINESS/190508366