CORRECTION: Wendy's Q1 Adj $0.23 Beats $0.21 Estimate, Sales $534.75M Miss $540.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wendy's reported Q1 adjusted earnings of $0.23 per share, surpassing the $0.21 estimate, but its sales of $534.75M fell short of the expected $540.97M. This represents a 9.52% increase in earnings and a 1.12% increase in sales year-over-year.
May 02, 2024 | 3:22 pm
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NEUTRAL IMPACT
Wendy's Q1 earnings exceeded expectations at $0.23/share, but sales slightly missed forecasts. Year-over-year, earnings and sales grew.
While Wendy's exceeded earnings estimates, the slight miss in sales forecasts could temper investor enthusiasm, leading to a neutral short-term impact on the stock. The growth in earnings and sales year-over-year is positive, but the miss on sales estimates may concern investors focused on top-line growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100