Wendy's (NASDAQ: WEN) reported Q1 EPS of $0.14, $0.03 better than the analyst estimate of $0.11. Revenue for the quarter came in at $408.6 million versus the consensus estimate of $399.31 million.

"We delivered strong earnings growth in the first quarter and are proud of our continued progress to build an even stronger foundation for the Wendy's brand," President and Chief Executive Officer Todd Penegor said. "We are executing on our plan to accelerate same-restaurant sales in North America and drive global restaurant expansion, fueled by a healthy restaurant economic model. Our relentless focus on bringing every element of The Wendy's Way to life by providing food our customers love, friendly service, value, and an inviting atmosphere will continue to drive growth in the future."

During 2019, the Company Continues to Expect:

• 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 settlement of the Financial Institutions case. Excluding the approximately $20 million tax effected impact of the settlement, the Company expects free cash flow of approximately $230 to $240 million, approximately flat to up 4.0 percent compared to 2018.

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