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Wendy's earnings beat expectations but sales fall short
Wendy's Co. reported second-quarter net income of $32.4 million, or 14 cents per share, up from $29.9 million, or 12 cents per share, for the same period last year. Adjusted EPS of 18 cents beat the FactSet outlook for 17 cents per share. Revenue of $435.3 million was up from $411.0 million but missed the $440.0 million FactSet guidance. North America same-store sales growth of 1.4% was ahead of FactSet's forecast for 1.3% growth. Wendy's expects 2019 systemwide sales growth of 3% to 4%. FactSet is forecasting for sales of $1.7 billion, implying about 7% growth. Adjusted EPS is expected to grow 3.5% to 7% while FactSet is guiding for EPS of 63 cents, up about 6.8%. Wendy's stock has rallied 16% for the year to date, outpacing the S&P 500 index , which is up 15% for the period.
https://finance.yahoo.com/m/65b0c29...836e/wendy's-earnings-beat.html?.tsrc=rss
Wendy's Co. reported second-quarter net income of $32.4 million, or 14 cents per share, up from $29.9 million, or 12 cents per share, for the same period last year. Adjusted EPS of 18 cents beat the FactSet outlook for 17 cents per share. Revenue of $435.3 million was up from $411.0 million but missed the $440.0 million FactSet guidance. North America same-store sales growth of 1.4% was ahead of FactSet's forecast for 1.3% growth. Wendy's expects 2019 systemwide sales growth of 3% to 4%. FactSet is forecasting for sales of $1.7 billion, implying about 7% growth. Adjusted EPS is expected to grow 3.5% to 7% while FactSet is guiding for EPS of 63 cents, up about 6.8%. Wendy's stock has rallied 16% for the year to date, outpacing the S&P 500 index , which is up 15% for the period.
https://finance.yahoo.com/m/65b0c29...836e/wendy's-earnings-beat.html?.tsrc=rss
