Wendy's Q4 2023 Adj EPS $0.21 Misses $0.23 Estimate, Sales $540.65M Miss $546.54M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wendy's reported Q4 2023 earnings with an adjusted EPS of $0.21, missing the $0.23 estimate, and sales of $540.65M, missing the $546.54M estimate. This represents a 0.77% increase in sales compared to the same period last year.
February 15, 2024 | 12:03 pm
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NEGATIVE IMPACT
Wendy's Q4 2023 earnings missed estimates with an adjusted EPS of $0.21 and sales of $540.65M, indicating a slight increase in sales from the previous year.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the slight increase in sales YOY may mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100