Wendy's Inc.'s stock rose 2% early Thursday, after the fast-food chain posted better-than-expected fourth-quarter earnings, offsetting soft guidance for 2025.
The company $(WEN)$ had per-share earnings of 23 cents for the quarter, unchanged from the year-earlier period. Adjusted for one-time items, it had EPS of 25 cents, ahead of the 24-cent FactSet consensus.
Revenue rose 6.2% to $574.3 million, also ahead of the $563 million FactSet consensus.
Same-restaurant sales were up 4.3%, while FactSet was expecting a 3.2% rise.
The company is now expecting 2025 adjusted EPS of 98 cents to $1.02 and for global systemwide sales to rise 2% to 3%. The FactSet consensus is for EPS of $1.04.
(This is a breaking news story. Check back for updates)
-Ciara Linnane
For more from MarketWatch: http://www.marketwatch.com/newsviewer
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
February 13, 2025 07:09 ET (12:09 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.