Wendy's (WEN) Tops Q4 EPS by 1c, Guides FY16 EPS In-Line

Wendy's (NASDAQ: WEN) reported Q4 EPS of $0.12, $0.01 better than the analyst estimate of $0.11. Revenue for the quarter came in at $464.4 million versus the consensus estimate of $456.14 million.

Same-restaurant sales increased 4.8 percent at North America system restaurants in the fourth quarter of 2015. Same-restaurant sales increased 4.9 percent at North America franchise-operated restaurants. Same-restaurant sales increased 3.7 percent at North America Company-operated restaurant

GUIDANCE:

Wendy's sees FY2016 EPS of $0.35-$0.37, versus the consensus of $0.36.

• Same-restaurant sales growth of approximately 3 percent for the North America system

The Company expects Adjusted Earnings per Share growth in the high teens in 2017 and Adjusted Earnings per Share growth of greater than 20 percent beginning in 2018. The Company expects Adjusted EBITDA to be approximately flat in 2017 due to the impact of the anticipated sale of approximately 315 Company-operated restaurants during 2016. The Company expects Adjusted EBITDA to increase approximately 10 percent during 2018.

For earnings history and earnings-related data on Wendy's (WEN) click here.

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