Wendy's (WEN) Sizzles as Re-Imaging Initiative Unlocks Q4 Sales, Profit
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Wendy's (WEN) Tops Q4 EPS by 4c, Reaffirms 2013 Guidance
January 16, 2013 7:05 AM ESTWendy's (NASDAQ: WEN) reported Q4 EPS of $0.08, $0.04 better than the analyst estimate of $0.04. Revenue for the quarter came in at $629.9 million versus the consensus estimate of $637.94 million.
Wendy's North America Company-operated restaurant same-store sales decreased 0.2 percent during the fourth quarter, compared to a 5.1 percent increase a year ago. Franchise same-store sales in North America decreased 0.6 percent during the quarter.
Company Reiterates 2013 and Long-Term Outlook
For 2013, the Company reiterated its preliminary outlook for Adjusted EBITDA of $350 million to $360 million, a 5 to 8 percent increase compared to... More
