Wendy's (WEN) Tops Q3 EPS by 2c, Revenues Miss; Offers FY18 EPS Mid-Point Outlook Above Consensus

Wendy's (NASDAQ: WEN) reported Q3 EPS of $0.17, $0.02 better than the analyst estimate of $0.15. Revenue for the quarter came in at $400.6 million versus the consensus estimate of $405.36 million.

"We are proud of the progress we continue to make, ensuring more customers enjoy Wendy's® more often by expanding our number of restaurants, reimaging existing restaurants, and executing a well-balanced marketing approach that strengthens our brand," President and Chief Executive Officer Todd Penegor said. "Our third quarter results demonstrate Wendy's ability to maintain strong performance on the bottom line despite a challenging sales environment, and are a clear testament to our resilient business model. Our relentless focus on executing every element of The Wendy\'s Way by providing food our customers love, friendly service, value, and an inviting atmosphere will position us to win and drive profitable growth in the future."

GUIDANCE:

Wendy's sees FY2018 EPS of $0.56-$0.58, versus the consensus of $0.56.

For earnings history and earnings-related data on Wendy's (WEN) click here.

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