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Wendy's
🇺🇸 NASDAQ:WEN
•
Dec 29, 2024

Wendy's Q4 2024 Earnings Report

Key Takeaways

Wendy’s delivered strong Q4 performance with 5.4% systemwide sales growth, a 6.2% revenue increase, and a 19.0% rise in adjusted EPS. Operating profit grew 10.9%, driven by higher franchise fees, improved restaurant margins, and increased customer counts.

Total Revenue
$574M
Previous year: $541M
+6.2%
EPS
$0.25
Previous year: $0.21
+19.0%
U.S. Same-Store Sales
4.1%
Previous year: 0.9%
+355.6%
International Same-Store Sales
4.9%
Previous year: 4.3%
+14.0%
Global Same-Store Sales
4.3%
Previous year: 1.3%
+230.8%
Gross Profit
$325M
Previous year: $149M
+118.4%
Cash and Equivalents
$485M
Previous year: $552M
-12.1%
Free Cash Flow
$26.6M
Previous year: $46.6M
-42.9%
Total Assets
$5.03B
Previous year: $5.18B
-2.9%

Wendy's Revenue

Wendy's EPS

Wendy's Revenue by Segment

Forward Guidance

Wendy’s expects moderate sales growth in 2025 with a focus on accelerating investments, digital expansion, and cost efficiencies. The company plans share repurchases and a dividend adjustment to drive shareholder value.

Positive Outlook

  • Expected global systemwide sales growth of 2.0% - 3.0%
  • Adjusted EPS guidance of $0.98 - $1.02
  • Planned share repurchases up to $200M
  • Continued investment in breakfast and digital platforms
  • Improved restaurant reimaging completion rate at 92%

Challenges Ahead

  • Potential headwinds from macroeconomic uncertainty
  • Higher planned capital expenditures ($100M - $110M)
  • Incremental investments in advertising may pressure margins
  • Expected increase in labor and commodity costs
  • Flat or slight decline in net new restaurant openings

Revenue & Expenses

Visualization of income flow from segment revenue to net income