Wendy's (WEN) Misses Q3 EPS by 1c; Maintains Outlook

Wendy's (NASDAQ: WEN) reported Q3 EPS of $0.08, $0.01 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $512.5 million versus the consensus estimate of $516.27 million.

Wendy's sees FY2014 EPS of $0.34-$0.36, versus the consensus of $0.35. . The Company now expects 2014 Adjusted EBITDA of approximately $390 million, an increase of approximately 6 percent compared to 2013.

"The third quarter was challenging, but our strategic brand initiatives remain on track, as we opened our 600th Image Activation restaurant in October," President and Chief Executive Officer Emil Brolick said. "While our third-quarter same-restaurant sales growth at Company-operated restaurants was slightly less than our expectations, our two-year comps were quite strong at 5.2 percent. We also remain on track to achieve our full-year 2014 Adjusted Earnings Per Share guidance, despite third-quarter Adjusted EBITDA results that were slightly below our projections.

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

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