Wendy's: Fourth Quarter Earnings Overview
Wendy's Reports Strong Fourth Quarter Results
Wendy's Co., headquartered in Dublin, Ohio, announced a net profit of $26.5 million for the fourth quarter.
The company reported earnings of 14 cents per share, with adjusted earnings—excluding special items—reaching 16 cents per share.
These figures outperformed analyst expectations, as a survey by Zacks Investment Research had predicted earnings of 14 cents per share.
During the quarter, Wendy's generated $543 million in revenue, surpassing the $541.5 million anticipated by analysts polled by Zacks.
For the entire year, Wendy's achieved a total profit of $165.1 million, or 85 cents per share, on revenue of $2.18 billion.
Looking ahead, the company forecasts full-year earnings to fall between 56 and 60 cents per share.
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