Wendy’s beats Street 1Q forecasts

DUBLIN, Ohio (AP) — Wendy’s Co. (WEN) on Wednesday reported first-quarter earnings of $25.4 million.

The Dublin, Ohio-based company said it had profit of 9 cents per share. Earnings, adjusted for non-recurring costs, were 11 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The hamburger chain posted revenue of $378.8 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $350.8 million.

Wendy’s expects full-year earnings in the range of 38 cents to 40 cents per share.

Wendy’s shares have risen almost 4 percent since the beginning of the year. The stock has risen almost 1 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WEN at http://www.zacks.com/ap/WEN


Keywords: Wendy’s, Earnings Report