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Wendy's Releases Preliminary Results, Gives Upbeat Guidance

Wendy's (NASDAQ: WEN  ) has reported preliminary, unaudited Q4 and 2012 results showing that for the full year, the company had $2.5 billion in revenue, a 3% year-over-year increase.

Net income from continuing operations landed at $4 million, substantially blow the nearly $18 million it netted in 2011. At the end of last year, the company's restaurant count amounted to 6,560; 374 of those outlets were located abroad.

For Q4, revenue was $630 million (up 2.4% year over year) and net profit from continuing operations came in at $21 million. The latter figure represented earnings per share of $0.06. This beat analyst expectations of $0.04, although the market had anticipated a higher revenue figure of just under $640 million. The company reported EPS from continuing operations of $0.01 in Q4 2011.

Going forward, Wendy's provided 2013 guidance of $0.18-$0.20 in adjusted earnings per share, slightly above the $0.17 expected by analysts. It believes same-store sales growth in its North American company-operated restaurants will come in at 2%-3% on a year-over-year basis.

The company will release its audited 2012 results on Feb. 28.


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9/29/2016 4:00 PM
WEN $10.61 Down -0.10 -0.93%
Wendy's CAPS Rating: ***