Wendy's Q2 2024 Adj. EPS $0.27 Misses $0.28 Estimate, Sales $570.7M Miss $577.371M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wendy's reported Q2 2024 adjusted EPS of $0.27, missing the analyst estimate of $0.28. Sales were $570.7M, also missing the $577.371M estimate. Despite the misses, sales increased by 1.63% year-over-year.
August 01, 2024 | 11:03 am
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Wendy's reported Q2 2024 adjusted EPS of $0.27, missing the analyst estimate of $0.28. Sales were $570.7M, also missing the $577.371M estimate. Despite the misses, sales increased by 1.63% year-over-year.
Wendy's missed both EPS and sales estimates, which is likely to negatively impact the stock price in the short term. However, the year-over-year sales growth of 1.63% may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100