The Wendy's Company Reports First Quarter 2017 Results
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May 11, 2017 8:11 AM EDT
Instinet raised its price target on Wendy's (NASDAQ: WEN) to $15.00 (from $11.00) while maintaining a Neutral rating. Wendys reported adjusted first-quarter EPS of $0.09 was a penny above the Consensus Metrix number of $0.08.
The companys EPS target range for this year remains at $0.45-0.47.... More
May 10, 2017 7:31 AM EDT
Wendy's (NASDAQ: WEN) reported Q1 EPS of $0.09, $0.01 better than the analyst estimate of $0.08. Revenue for the quarter came in at $285.8 million versus the consensus estimate of $282.47 million.
Total revenues were $285.8 million in the first quarter of 2017, compared to $378.8 million in the first quarter of 2016. The 24.6 percent decrease resulted primarily from the ownership of 301 fewer Company-operated restaurants at the end of the first quarter 2017 compared to the beginning of the first quarter 2016, which resulted in fewer sales at Company-operated restaurants, partly offset by higher franchise royalty revenue and fees and franchise rental...
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