Wendy's Affirms FY2023 Adj EPS Guidance of $0.95-1.00 vs $0.98 Est
Portfolio Pulse from Benzinga Newsdesk
Wendy's has affirmed its FY2023 adjusted EPS guidance of $0.95-1.00, in line with the $0.98 estimate. The company expects global systemwide sales growth of 6-8%, adjusted EBITDA of $530-540 million, cash flows from operations of $340-360 million, capital expenditures of $75-85 million, and free cash flow of $265-275 million. Wendy's maintains its long-term outlook for 2024-2025, expecting mid-single digit systemwide sales growth and high-single to low-double digit free cash flow growth.
August 09, 2023 | 11:05 am
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Wendy's has affirmed its FY2023 guidance, which is in line with estimates. This could reassure investors and potentially have a positive impact on the stock in the short term.
Wendy's affirmation of its FY2023 guidance, which is in line with estimates, indicates that the company is on track to meet its financial targets. This could reassure investors about the company's financial health and growth prospects, potentially leading to increased demand for the stock and a rise in its price in the short term.
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