Wendy’s Business WEN published positive profits for the 2nd quarter on Friday.
The business reported second-quarter adjusted profits per share of 29 cents, beating the expert agreement price quote of 26 cents. Quarterly sales of $560.929 million (down 1.7% year over year) exceeded the Street view of $560.363 million. Changed Profits fell 1.3% to $449.6 million.
” In the 2nd quarter, we continued to broaden our international footprint, including 44 brand-new dining establishments, bringing our overall additions to 118 in the very first half of the year,” stated Ken Cook, Interim CEO. “We’re likewise motivated by the strong momentum in our Global company, which provided 8.7% systemwide sales development in the quarter and continues to provide outstanding chances for growth.”
Wendy’s cut its 2025 changed EPS outlook to 82 cents– 89 cents (from 92 cents– 98 cents), listed below the 95-cent agreement price quote. Changed EBITDA is anticipated in the series of $505 million to $525 million, compared to the previous view of $530 million to $545 million.
Wendy’s shares increased 2.8% to trade at $10.38 on Monday.
These experts made modifications to their cost targets on Wendy’s list below profits statement.
Trending Financial Investment Opportunities
- Stephens & & Co. expert Jim Salera preserved Wendy’s with an Equal-Weight score and decreased the cost target from $13 to $11.
- JP Morgan expert John Ivankoe preserved Wendy’s with an Obese score and decreased the cost target from $15 to $13.
- Truist Securities expert Jake Bartlett preserved the stock with a Buy and cut the cost target from $14 to $13.
Thinking about purchasing WEN stock? Here’s what experts believe:
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