Wendy's Q1 2024 GAAP EPS $0.21, Inline, Sales $534.80M Miss $540.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wendy's reported Q1 2024 earnings with a GAAP EPS of $0.21, meeting analyst estimates, but missed sales expectations with $534.80M against a forecast of $540.97M, a slight increase from last year's $528.81M.
May 02, 2024 | 11:01 am
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NEUTRAL IMPACT
Wendy's Q1 2024 earnings matched EPS estimates but fell short on sales forecasts, showing a modest year-over-year revenue growth.
Meeting EPS estimates typically stabilizes investor confidence, but missing sales forecasts can create concerns about growth potential. The slight increase in year-over-year sales indicates stability but may not be enough to significantly move the stock in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100