Wendy's Co. Boosts FY22 Adj. EPS Outlook; Q2 Adj. EPS Tops Estimates

Wendy's Co. Q2 Adj. EPS Tops View; Maintains Fy23 Outlook

The Wendy's Co. (WEN) reported Wednesday that net income for the second quarter increased to $59.63 million or $0.28 per share from $48.15 million or $0.22 per share in the prior-year quarter. Excluding items, adjusted earnings per share were $0.28 per share, compared to $0.24 per share last year.

RTTNews | 1129 days ago

Wendy's Co. Guides FY22 Adj. EPS In Line; Q4 Results Top Estimates

While reporting financial results for the fourth quarter on Wednesday, The Wendy's Co. (WEN) initiated its adjusted earnings and global systemwide sales growth guidance for the full-year 2023. The company also initiated long term systemwide sales growthoutlook in the mid-single digits for 2024-25.

RTTNews | 1290 days ago

Wendy's Q3 Adj. EPS Tops Estimates; Backs FY22 Profit Outlook

The Wendy's reported on Wednesday that profit for the third quarter increased 23 percent from last year, driven by higher operating profit and double-digit revenue growth. Adjusted earnings per share topped analysts' estimates by a penny, while quarterly revenues missed their estimates. The company also maintained its adjusted earnings guidance for the full-year 2022.

RTTNews | 1402 days ago

U.S. Dollar Ticks Higher Amid Inflation Data Release, Expectations Of Reopening Of Strait Of Hormuz

The U.S. Dollar value inched higher as investors weighed today's inflation data that pushed the odds for a rate hike in the U.S. higher against reports of an upcoming meeting between the Gulf Cooperation Council nations and Iran to hasten the reopening of the Strait of Hormuz.

RTTNews | 1h 50min ago

TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

The S&P/TSX Composite Index rose 0.36% Friday to 35,634.50 as technology stocks surged 3.5%, contributing significantly to gains. Oil prices fell following International Energy Agency's downward global oil demand forecast revision.

RTTNews | 4h 7min ago

Swiss Market Ends Modestly Higher

The Switzerland stock market closed modestly higher on Friday, in line with markets across Europe, as a sharp drop in oil prices helped lift sentiment.

RTTNews | 4h 40min ago

European Markets Rise As Oil Prices Fall On IEA Demand Cut

European markets gained ground Friday after the International Energy Agency cut its global oil demand forecast, sending Brent crude futures down 3.5% to $103.50. The IEA now projects world oil demand will drop 2.5 million barrels per day this year versus its prior estimate of 1.6 million bpd.

RTTNews | 5h 3min ago

U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index slumped to 47.8 in September after tumbling to 51.7 in August. Economists had expected the index to edge down to 51.0.

RTTNews | 8h 24min ago

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