Stock Track | Wendy's Plunges 10.04% in Pre-Market After Quarterly Revenue Misses Estimates
Stock Track
Feb 13
Wendy's stock experienced a significant pre-market plunge of 10.04% following the release of its fourth-quarter financial results.
The sharp decline appears to be driven by the company's quarterly revenue falling short of analyst expectations. Wendy's reported adjusted revenue of $439.6 million for the quarter, significantly below the consensus estimate of $536 million. The company's earnings per share came in at $0.14 for the period.
While Wendy's did report an adjusted EBITDA of $113.3 million, which slightly exceeded estimates of $112.7 million, the substantial revenue miss appears to have overshadowed this positive metric, leading to negative investor sentiment in pre-market trading.
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