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Wendy's Co reports results for the quarter ended in June - Earnings Summary

Wendy's Co reports results for the quarter ended in June - Earnings Summary Wendy's Co WEN.OQ reported quarterly adjusted earnings of 27 cents​​ per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of 28 cents. The mean expectation of twenty seven analysts for the quarter was for earnings of 28 cents per share.
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Shake Shack shares up after better-than-expected Q2 sales

Shake Shack shares up after better-than-expected Q2 sales Aug 1 (Reuters) - Shake Shack SHAK.N shares jumped around 16% after topping market expectations for second-quarter same-store sales, as demand for its burgers and chicken sandwiches stayed robust even as competition intensifies for value meals in the United States. The fast-food chain also expects to achieve positive free cash flow for 2024, which would be a first since 2017. Shake Shack, under new chief Rob Lynch, has invested in improvi
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Wendy's Co <WEN.OQ> expected to post earnings of 28 cents a share - Earnings Preview

Wendy's Co expected to post earnings of 28 cents a share - Earnings Preview Wendy's Co WEN.OQ WEN.O is expected to show a rise in quarterly revenue when it reports results on August 1 for the period ending June 30 2024 The Dublin Ohio Ohio-based company is expected to report a 2.8% increase in revenue to $577.371 million from $561.57 million a year ago, according to the mean estimate from 21 analysts, based on LSEG data.
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McDonald's sales fall globally for first time in more than three years

UPDATE 7-McDonald's sales fall globally for first time in more than three years Q2 global comparable sales drop 1% vs est 0.5% growth Adj. EPS of $2.97 misses expectations of $3.07 $5 meal deal sold above expectations - executives Shares rise nearly 4% Adds investor comment in paragraph 5 By Savyata Mishra July 29 (Reuters) - McDonald's MCD.N reported a surprise drop in sales worldwide on Monday, its first decline in 13 quarters, as deal-seeking consumers shy away from higher priced menu items,
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US fast-food chains' bets on value meal set to face investor scrutiny

PREVIEW-US fast-food chains' bets on value meal set to face investor scrutiny By Savyata Mishra and Juveria Tabassum July 25 (Reuters) - The performance of McDonald's and other fast food chains' value meal launches will be closely watched when the U.S. restaurants report quarterly results over the next few weeks. McDonald's MCD.N , Burger King and other chains have been scrambling to improve traffic as soaring menu prices put off diners , especially from the lower-income group.
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McDonald's to extend $5 value meal, Bloomberg News reports

McDonald's to extend $5 value meal, Bloomberg News reports July 22 (Reuters) - Burger chain McDonald's MCD.N would continue to offer $5 value meal at most of its U.S. restaurants beyond the initial four-week window, Bloomberg News reported on Monday citing a company memo. McDonald's meal offer kicked off on June 25 as promotions ramped up across fast-food chains seeking to attract cash-strapped customers.
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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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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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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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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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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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