Wendy's (NASDAQ:WEN) announced that it earned $26.4 million, or 7 cents per share, up from $4 million, or one cent per share, in the same period last year. Analysts had expected earnings of eight cents per share. Revenue increased by two percent to $629.9 million, while analysts had expected revenue of $630 million. The company reaffirmed 2013 earnings guidance of between 18 and 20 cents per share, while analysts had expected earnings of 18 cents per share.
Shares are higher by about nine tenths of a percent.
Last month, rival McDonald's (NYSE:MCD) reported that quarterly earnings and revenue that beat analysts' estimates but warned of lower first quarter sales.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.