The Wendy's Company Reports Preliminary 2016 Results; Announces 2017 Outlook and Updates 2020 Goals
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Wendy's (WEN) Misses Q4 EPS by 1c; Guides for FY17
February 16, 2017 6:04 AM ESTWendy's (NASDAQ: WEN) reported Q4 EPS of $0.08, $0.01 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $309.9 million versus the consensus estimate of $308.53 million.
"We have now recorded 16 consecutive quarters of positive same-restaurant sales and total new restaurant openings have accelerated in both North America and International with nearly 150 new restaurants opened globally in 2016," President and Chief Executive Officer Todd Penegor said. "As a result of our brand transformation efforts and with the support from our franchise partners, the Wendy\'s® system has never been stronger."
"As... More
