Wendy's Q2 Adj. EPS $0.28 Beats $0.27 Estimate, Sales $561.57M Miss $566.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wendy's reported Q2 earnings of $0.28 per share, beating the analyst consensus estimate of $0.27 by 3.7%. However, the company's quarterly sales of $561.57 million missed the analyst consensus estimate of $566.95 million by 0.95%. This represents a 16.67% increase in earnings and a 4.42% increase in sales compared to the same period last year.
August 09, 2023 | 11:04 am
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NEUTRAL IMPACT
Wendy's Q2 earnings beat estimates but sales missed, indicating mixed performance.
Wendy's reported better than expected earnings but lower than expected sales. This mixed performance could lead to neutral short-term price movement as investors weigh the positive earnings against the negative sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100