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Wendys

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Reuters - 1 week ago

US fast food chains: Truist data points to Q2 sales pressure despite value promotion

BUZZ-US fast food chains: Truist data points to Q2 sales pressure despite value promotion ** Truist Securities based on card data tracking says setup into Q2 earnings for McDonald's MCD.N , Burger King and Wendy's WEN.O appears negative owing to culmination of outsized menu price increases since 2019 ** Recent launches of $5 value meals from Restaurant Brands-owned QSR.TO Burger King and MCD to offset weaker sales "does not appear to be shifting momentum" - Brokerage ** Notes MCD same-store sale
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Reuters - 1 month ago

VF Corp appoints independent directors as Engaged Capital pushes for board refresh

VF Corp appoints independent directors as Engaged Capital pushes for board refresh June 3 (Reuters) - The North Face owner VF Corp VFC.N on Monday appointed two new independent directors to its board, amid pressures from activist investor Engaged Capital for a board reshuffle and faster change at the company grappling with choppy demand. Engaged Capital, which has a 1.3% stake in VF, has been pushing for board representation and has already successfully pressed VF to cut costs and explore strate
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Reuters - 2 months ago

McDonald's top US exec denounces viral reports of runaway prices

McDonald's top US exec denounces viral reports of runaway prices By Waylon Cunningham May 29 (Reuters) - McDonald's MCD.N top U.S. executive denounced viral reports of runaway Big Mac prices as painting an inaccurate picture of the company, which has seen its profits surge by roughly a third since 2019 and is now preparing to roll out $5 combo meals.
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Reuters - 2 months ago

Burger King to launch $5 value meal

UPDATE 3-Burger King to launch $5 value meal Changes sourcing, adds company comments in paragraph 2 May 23 (Reuters) - Restaurant Brands International-owned QSR.TO Burger King is set to launch its own $5 meal deal, a company spokesperson said on Thursday, at a time when its rival McDonald's MCD.N is also planning to launch a similar meal deal. "We are bringing back our $5 "Your Way Meal" as agreed upon with our franchisees back in April," the spokesperson said.
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Reuters - 2 months ago

Buyout firm Roark explores sale of Primrose Schools, sources say

Buyout firm Roark explores sale of Primrose Schools, sources say By Abigail Summerville NEW YORK, May 16 (Reuters) - Private equity firm Roark Capital is exploring a sale of Primrose Schools that could value the U.S. education franchise at nearly $2 billion, including debt, people familiar with the matter said on Thursday. Roark has tapped boutique investment bank R.
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Reuters - 2 months ago

The Wendy's Company Adds U.S. Chief Marketing Officer Lindsay Radkoski To Senior Leadership Team

BRIEF-The Wendy's Company Adds U.S. Chief Marketing Officer Lindsay Radkoski To Senior Leadership Team May 6 (Reuters) - Wendys Co WEN.O : THE WENDY'S COMPANY ADDS U.S. CHIEF MARKETING OFFICER LINDSAY RADKOSKI TO SENIOR LEADERSHIP TEAM Source text for Eikon: ID:nPn5DvkD6a Further company coverage: WEN.O
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Reuters - 3 months ago

Wendys Co reports results for the quarter ended in March - Earnings Summary

Wendys Co reports results for the quarter ended in March - Earnings Summary Wendys Co WEN.OQ reported quarterly adjusted earnings of 23 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 21 cents. The mean expectation of twenty six analysts for the quarter was for earnings of 21 cents per share.
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Reuters - 3 months ago

U.S. STOCKS Sarepta, Zoetis, Pioneer Natural Resources

BUZZ-U.S. STOCKS ON THE MOVE-Sarepta, Zoetis, Pioneer Natural Resources Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and signaled a dovish tilt, with focus moving to a crucial job report later in the week.
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Reuters - 3 months ago

U.S. STOCKS Becton, Sarepta, Zoetis

BUZZ-U.S. STOCKS ON THE MOVE-Becton, Sarepta, Zoetis Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and allayed worries around potential rate hikes, with focus moving to a crucial job report later in the week.
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Reuters - 3 months ago

Wendy's up on Q1 profit beat

BUZZ-Wendy's up on Q1 profit beat ** Shares of restaurant chain Wendy's WEN.O up 4.4% at $20.50 ** Co tops estimates for Q1 adjusted profit as it laps benefits from price hikes last year, as well as higher spending per transaction in the U.S. ** Q1 adjusted profit per share of 23 cents beats estimates of 21 cents - LSEG ** Co says it continued to s
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Reuters - 3 months ago

Wendys Co <WEN.OQ> expected to post earnings of 21 cents a share - Earnings Preview

Wendys Co expected to post earnings of 21 cents a share - Earnings Preview Wendys Co WEN.OQ WEN.O is expected to show a rise in quarterly revenue when it reports results on May 2 for the period ending March 31 2024 The Dublin Ohio Ohio-based company is expected to report a 2.3% increase in revenue to $540.972 million from $528.81 million a year ago, according to the mean estimate from 20 analysts, based on LSEG data.
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Reuters - 3 months ago

McDonald's set for weak sales growth as US fast-food chains grapple with muted traffic

PREVIEW-McDonald's set for weak sales growth as US fast-food chains grapple with muted traffic April 29 (Reuters) - McDonald's MCD.N is set to report a sequential drop in sales growth for the fourth straight quarter as low-income consumers remain hesitant about eating out even as fast-food chains battle to lure them with value menu items. The burger giant will report first-quarter results on Tuesday, kicking off earnings for U.S.
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Reuters - 3 months ago

Swiss stocks - Factors to watch on April 25

Swiss stocks - Factors to watch on April 25 ZURICH/BERLIN, April 25 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Thursday: UBS UBSG.S A new lawsuit by U.S. hedge fund Appaloosa LP accuses the former Credit Suisse of misleading investors about its health before $17 billion of its bonds were written down to zero in a government-orchestrated rescue by Swiss rival UBS UBSG.S.
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