
Wendy's reported its earnings for the second quarter, revealing a revenue of $570 million and a net income per share of $0.27. The company's global same-store sales increased by 0.6% in the US, and visits to Wendy's locations rose by 1.4% year-over-year. Despite these gains, Wendy's has cut its annual sales guidance, citing a retreat from US diners and inflation-battered customers reducing burger outings. The company now expects full-year comparable sales growth of 1% to 3%, down from the previous estimate of 3% to 4%. Wendy's stock saw a boost as the revised sales guidance offset the Q2 revenue miss. CEO Kirk Tanner noted that the restaurants continued to deliver same-restaurant sales growth, holding steady with the QSR burger category.
.@Wendys new offerings are proving to be a hit with diners! In Q2 2024, visits to Wendy's increased by 1.4% YoY. The launch of their limited-time $5 bundles in late June is likely to drive even more #foottraffic throughout the summer. $WEN #retail #fastfoodchains #earnings
WENDY'S SEES FY COMP. SALES OF 1% TO 3%; SAW 3% TO 4% AI fixes this
Wendy’s cuts its annual sales guidance, in the latest sign that inflation-battered customers are cutting out burger outings https://t.co/dbWCQ1axsa
