Wendy's Q1 2024 Earnings Report
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.
Wendy's
Wendy's
Wendy's Revenue by Segment
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