Wendy's (WEN) Stock Falls After Sales Decline
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Wendy's U.S. sales disappoint as inflation curbs customer traffic
August 10, 2022 7:06 AM EDT(Reuters) - Wendy's Co missed Wall Street estimates for quarterly U.S. same-store sales growth on Wednesday, as inflation-hit Americans cut their trips to its diners selling hamburgers and fries that got more expensive in the last few months.
Lower-income households are avoiding discretionary purchases and cooking more at home as prices of everyday essentials surge, which has affected Wendy's that... More
Wendy's (WEN) Tops Q2 EPS by 2c, Offers Guidance
August 10, 2022 7:04 AM EDTWendy's (NASDAQ: WEN) reported Q2 EPS of $0.24, $0.02 better than the analyst estimate of $0.22. Revenue for the quarter came in at $537.8 million versus the consensus estimate of $539.22 million.
GUIDANCE:
Wendy's sees FY2022 EPS of $0.84-$0.88, versus the consensus of $0.83.
Global systemwide sales growth:... More