Wendy's (NASDAQ: WEN) reported Q2 EPS of $0.27, $0.09 better than the analyst estimate of $0.18. Revenue for the quarter came in at $493.3 million versus the consensus estimate of $461.63 million.

"We are thrilled to once again increase our 2021 financial outlook across all key financial metrics, driven by a transformative quarter that showcased our continued momentum and the overall strength of our business," President and Chief Executive Officer Todd Penegor said. "Our robust growth continued in the second quarter, as sales significantly exceeded our expectations, leading to restaurant level margins of more than 20 percent and record profits, fueling our restaurant economic model. We are also excited to meaningfully increase our 2025 Global restaurant target to 8,500 to 9,000, driven by a development commitment with REEF Kitchens, a new build to suit development fund, and incremental commitments through our latest new restaurant incentive program. Our business momentum, strong partnership and health of our franchisees, and the dedication of our restaurant crew and support center teams reaffirms our confidence that we will achieve our vision of becoming the world's most thriving and beloved restaurant brand."

GUIDANCE:

• Global systemwide sales growth: 11 to 13 percent (excluding the impact of the 53rd week)
• Adjusted EBITDA: $465 to $475 million (including $25 million of incremental Company breakfast advertising spending)
• Adjusted earnings per share: $0.79 to $0.81
• Cash flows from operations: $350 to $370 million
• Capital expenditures: $80 to $90 million
• Free cash flow: $270 to $280 million

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