The Wendy's Company Reports Second-Quarter 2016 Results
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August 11, 2016 8:16 AM EDT
Goldman Sachs downgraded Wendy's (NASDAQ: WEN) from Conviction Buy to Buy with a price target of $11.00 (from $12.50). Analyst Karen Holthouse remains bullish on the stock but pointed out limited comp visibility.
"We continue to see a compelling longer-term cash flow story for WEN, with... More
August 11, 2016 7:11 AM EDT
RBC Capital reiterated a Sector Perform rating and $11.00 price target on Wendy's (NASDAQ: WEN) following the company's 2Q earnings report. While the company expressed confidence that it could deliver positive SSS in 2H, RBC continues to worry about Wendys ability to lap its difficult... More
August 10, 2016 7:34 AM EDT
Wendy's (NASDAQ: WEN) reported Q2 EPS of $0.10, $0.01 better than the analyst estimate of $0.09. Revenue for the quarter came in at $382.7 million versus the consensus estimate of $367.67 million.
Same-restaurant sales increased 0.4 percent at North America system restaurants in the second quarter of 2016. On a two-year basis, second-quarter... More
