Please ensure Javascript is enabled for purposes of website accessibility

Wendy's Q4 Mixed; Maintains 2014 Outlook

By Associated Press - Feb 27, 2014 at 12:32PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

In North America, sales at company-run restaurants open at least a year rose 1.9%.

DUBLIN, Ohio (AP) -- Wendy's fourth-quarter net income rose 25%, bolstered by a drop in expenses.

While earnings topped Wall Street expectations, sales were under some pressure and revenue fell short.

For the three months ended Dec. 29, the restaurant operator earned $33.1 million, or $0.08 per share. That's up from $26.4 million, or $0.07 per share, a year ago.

Stripping out impairment charges and other items, earnings were $0.11 per share, or $0.02 better than analyst projections, according to a poll by FactSet.

Costs and expenses declined to $563.5 million from $597.6 million. Interest expense dropped to $13.5 million from $20.8 million.

Revenue fell 6% to $592.4 million from $629.9 million, short of Wall Street's forecast of $593.4 million.

Full-year net income grew more than sixfold to $45.5 million, or $0.11 per share, from $7.1 million, or $0.02 per share, in the previous year.

Adjusted earnings were $0.30 per share.

Annual revenue dipped 1% to $2.49 billion from $2.51 billion.

In North America, sales at company-run restaurants open at least a year rose 1.9%.

Wendy's Co. reaffirmed its forecast for 2014 adjusted earnings between $0.34 and $0.36 per share. Analysts expect earnings of $0.33 per share.

The company also maintained its long-term outlook for a mid-teens increase in adjusted earnings per share.

link

The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
397%
 
S&P 500 Returns
128%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/19/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.