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Mar 31, 2024
Wendy's Q1 2024 Earnings Report
Wendy's reported an increase in total revenues driven by advertising funds and franchise royalty revenue.
Key Takeaways
Wendy's Q1 2024 results showed positive momentum, with global same-restaurant sales growth accelerating by 120 basis points on a two-year basis. This growth was supported by high-single digit U.S. breakfast sales growth and a global digital sales mix of nearly 17%. The company's focus on customer-centric plans and investments is expected to drive long-term shareholder value.
Global same-restaurant sales growth accelerated by 120 basis points on a two-year basis.
U.S. breakfast sales experienced high-single digit year-over-year growth.
Global digital sales mix reached nearly 17%.
U.S. Company-operated restaurant margin expanded by 60 basis points.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
During 2024 the Company Continues to Expect: • Global systemwide sales growth: 5 to 6 percent • Adjusted EBITDA: $535 to $545 million • Adjusted earnings per share: $0.98 to $1.02 • Cash flows from operations: $370 to $390 million • Capital expenditures: $90 to $100 million • Free cash flow: $280 to $290 million
Positive Outlook
- Global systemwide sales growth: 5 to 6 percent
- Adjusted EBITDA: $535 to $545 million
- Adjusted earnings per share: $0.98 to $1.02
- Cash flows from operations: $370 to $390 million
- Free cash flow: $280 to $290 million
Challenges Ahead
- Capital expenditures: $90 to $100 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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