Wendy's (NASDAQ: WEN) reported Q1 EPS of $0.07, $0.02 better than the analyst estimate of $0.05. Revenue for the quarter came in at $523.2 million versus the consensus estimate of $498.2 million. Company-operated same-restaurant sales increased 1.3 percent, on top of a 1.0 percent increase last year.

"Our strong first-quarter results reflect the implementation of our Recipe to Win and the elements of our Growth Pyramid, including North America Same-Restaurant Sales Growth, Image Activation and Restaurant Ownership Optimization," Brolick said. "In our commitment to increase the relevance of the Wendy's brand and improve our economic model, we anticipate that the purchase and sale of Wendy's restaurants and other assets will continue to be part of our growth optimization strategy going forward."

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