Wendy’s tops 4Q profit forecasts

DUBLIN, Ohio (AP) — Wendy’s Co. (WEN) on Tuesday reported fourth-quarter net income of $85.9 million.

On a per-share basis, the Dublin, Ohio-based company said it had profit of 31 cents. Earnings, adjusted for one-time gains and costs, came to 12 cents per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The hamburger chain posted revenue of $464.4 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $469.2 million.

For the year, the company reported profit of $161.1 million, or 49 cents per share. Revenue was reported as $1.87 billion.

Wendy’s expects full-year earnings in the range of 35 cents to 37 cents per share.

Wendy’s shares have fallen almost 6 percent since the beginning of the year. The stock has decreased 8 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