Wendy's (NASDAQ: WEN) reported Q4 EPS of $0.16, $0.01 better than the analyst estimate of $0.15. Revenue for the quarter came in at $397.8 million versus the consensus estimate of $400.01 million.

The Board has approved a new $225 million share repurchase authorization, expiring on March 1, 2020 that will replace the existing share repurchase authorization.

During 2019, the Company Expects:

• Global systemwide sales growth of approximately 3.0 to 4.0 percent.
• General and administrative expense of approximately $195 million.
• Adjusted EBITDA growth of approximately 2.5 to 4.5 percent.
• Adjusted tax rate of approximately 22 to 23 percent.
• Adjusted earnings per share growth of approximately 3.5 to 7.0 percent.
• Cash flows from operations of approximately $285 to $300 million, including the impact of the proposed settlement of the Financial Institutions case. Excluding the impact of the proposed settlement, the Company expects cash flows from operations of approximately $305 to $320 million.
• Capital expenditures of approximately $75 to $80 million.
• Free cash flow of approximately $210 to $220 million, including the impact of the proposed settlement of the Financial Institutions case. Excluding the approximately $20 million tax effected impact of the proposed settlement, the Company expects free cash flow of approximately $230 to $240 million, approximately flat to up 4.0 percent compared to 2018.

Company Issues New 2020 Goals:

• Global systemwide sales of approximately $11.5 billion.
• Free cash flow of approximately $275 million.

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