Wendy's (WEN) Tops Q1 EPS by 1c, Offers Guidance

Wendy's (NASDAQ: WEN) reported Q1 EPS of $0.21, $0.01 better than the analyst estimate of $0.20. Revenue for the quarter came in at $528.8 million versus the consensus estimate of $522.22 million.

GUIDANCE:

Wendy's sees FY2023 EPS of $0.95-$1.00, versus the consensus of $0.98.

• Global systemwide sales growth: 6 to 8 percent
• Adjusted EBITDA: $530 to $540 million
• Adjusted earnings per share: $0.95 to $1.00
• Cash flows from operations: $340 to $360 million
• Capital expenditures: $75 to $85 million
• Free cash flow: $265 to $275 million

Company Maintains Long-Term Outlook for 2024-2025:

• Systemwide sales growth: Mid-Single Digits
• Free cash flow growth: High-Single to Low-Double Digits

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

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