Wendy's Mixed Q3: EPS Outlook Narrows Despite Revenue Beats, Sales Growth
Portfolio Pulse from Lekha Gupta
Wendy's reported mixed Q3 results with revenue growth beating estimates but a narrowed EPS outlook. Despite a 2.9% revenue increase, shares fell 4.43%. The company repurchased shares and declared a dividend, but operating profit declined due to higher costs.
October 31, 2024 | 3:36 pm
News sentiment analysis
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NEGATIVE IMPACT
VictoryShares US Small Cap High Div Volatility Wtd ETF, which includes Wendy's, may see minor impact due to Wendy's share price drop.
CSB includes Wendy's, so the 4.43% drop in Wendy's shares may slightly impact the ETF's performance. However, the impact is likely minor given the ETF's diversified holdings.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 30
NEGATIVE IMPACT
ETC 6 Meridian Low Beta Equity ETF, which includes Wendy's, may experience a slight impact due to Wendy's share price decline.
SIXL includes Wendy's, so the 4.43% drop in Wendy's shares could slightly affect the ETF's performance. The impact is expected to be minor due to the ETF's diversified nature.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 30
NEGATIVE IMPACT
Wendy's Q3 revenue beat estimates, but shares fell 4.43% due to a narrowed EPS outlook and decreased operating profit. The company continues share buybacks and declared a dividend.
Wendy's reported a revenue beat but shares fell due to a narrowed EPS outlook and decreased operating profit, indicating investor concerns. The ongoing share buyback and dividend declaration are positive, but not enough to offset the negative sentiment.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100