New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 19, 2013
10:02 EDTWENWendy's announces long-term agreement with Eljuri Group in Ecuador
The Wendy's Company announced a long-term agreement with The Eljuri Group to develop 20 Wendy's restaurants in Ecuador. Eljuri expects to open its first two Wendy's locations in 2013 in Guayaquil, a coastal city with a population of 2.3 million people.
News For WEN From The Last 14 Days
Check below for free stories on WEN the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 19, 2014
06:02 EDTWENTaco Bell introducing dollar menu, LA Times reports
Taco Bell (YUM) is introducing its new Dollar Cravings menu, which features 11 items, the LA Times reports. McDonald's (MCD) and Wendy's (WEN) both offer dollar menus. Reference Link
August 7, 2014
09:37 EDTWENWendy's sees remodeling 60% of Canadian stores by 2020
Says expects investors to see a modest impact on total company margins post sale of Canadian restaurants. Says there has been increasing beef inflation since Q4 and says price increases are due to beef inflation.
09:24 EDTWENWendy's sees 2% commodity cost this year
Subscribe for More Information
09:08 EDTWENWendy's reaffirms long-term target for adjusted EPS growth in mid-teens
Subscribe for More Information
07:09 EDTWENWendy's to sell all company-owned operated restaurants in Canada
The company plans to sell approximately 135 Company-operated restaurants in Canada to new and existing franchise operators. The company is targeting the end of the first quarter of 2015 for the completion of these transactions. The Company plans to retain its ownership of TimWen Partnership, its Canadian restaurant real estate joint venture with Tim Hortons (THI). Brolick said selling 100 percent of the Company's operations in Canada to franchisees will create a strong platform for future growth. The Company intends to prioritize the sale of its Canadian restaurants to well-capitalized new and existing franchisees with a demonstrated history of operational excellence and a stated commitment to implement the Company's Image Activation restaurant development and reimaging strategy. The Company expects the following benefits to offset the annualized decrease in revenue resulting from the sale of its Canadian restaurants: Reduced annualized general and administrative expense of approximately $8 million relative to the Company's 2014 estimated G&A expense of approximately $275 million. It also sees higher cash flow, due to the expected increase in rent and royalty revenue, as well as lower ongoing capital expenditures. The Company anticipates the sale of its Canadian restaurants to reduce Adjusted EBITDA by as much as $5 million in 2015, resulting in expected Adjusted EBITDA growth in the mid-to-high single-digit range in 2015. The Company expects the transactions to be neutral to Adjusted EBITDA in 2016 and accretive to Adjusted EBITDA in 2017 and thereafter. The Company expects the transactions to be neutral to net income in 2015 and slightly accretive to net income thereafter.
07:07 EDTWENWendy's board authorizes new share repurchase program for up to $100M
The Company also announced that its Board of Directors authorized a new share repurchase program for up to $100 million of the Company's common stock through the end of 2015. The common stock repurchase program will allow the Company to make repurchases as market conditions warrant and to the extent legally permissible.
07:07 EDTWENWendy's sees FY15 adjusted EPS growth in mid-teens, consensus 39c
Subscribe for More Information
07:06 EDTWENWendy's sees Q3 same-restaurant sales growth less than low end of 2.5%-3.5%
The company said, "We anticipate a significant year-over-year increase in temporary restaurant closures related to our Image Activation program during the third quarter, when we expect reimaging activity to reach the 2014 peak," Brolick added. "Due to the impact of these restaurant closures, we expect year-over-year third-quarter Adjusted EBITDA to be approximately flat. However, we also expect to generate a significant year-over-year increase in Adjusted EBITDA in the fourth quarter of this year, when we anticipate realizing the benefit of this accelerated activity."
07:05 EDTWENWendy's 'remains confident' in company's long term outlook
The company specifically cites its Image Activation strategy driving top-line growth in the core business.
07:05 EDTWENWendy's backs FY14 adjusted EPS 34c-35c, consensus 35c
Subscribe for More Information
07:03 EDTWENWendy's reports Q2 company-owned restaurants SSS up 3.9%
Subscribe for More Information
07:03 EDTWENWendy's reports Q2 adjusted EPS 9c, consensus 10c
Reports Q2 revenue $523.43M, consensus $518.11M

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use