Wendy's Beats On Q2 Earnings, But Revenue Misses
Portfolio Pulse from Shivani Kumaresan
Wendy's Co reported Q2 FY23 sales growth of 4.4% to $561.57 million, missing the analyst consensus of $566.95 million. Adjusted revenues increased 4.4% to $451.8 million. The company declared its regular quarterly cash dividend to $0.25 per share. Wendy's continues to expect FY23 adjusted EPS of $0.95 - $1.00. WEN shares are trading lower by 0.36% at $21.65.
August 09, 2023 | 1:54 pm
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NEGATIVE IMPACT
Wendy's missed Q2 FY23 sales estimates but beat on adjusted revenues and EPS. The company declared a quarterly cash dividend and provided FY23 guidance. Shares are trading lower.
Wendy's missed sales estimates, which could negatively impact investor sentiment and put downward pressure on the stock. However, the company beat on adjusted revenues and EPS, which could offset some of the negative impact. The declaration of a dividend could also be seen as a positive signal by investors. The company's FY23 guidance could influence future stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100