Markets.News
This Friday, Wendy's Company (NASDAQ: WEN) announced its third-quarter earnings, exceeding expectations. The company reported adjusted earnings per share of 24 cents, surpassing the analyst consensus of 20 cents. Despite a 3% decrease from the previous year, quarterly sales reached $549.516 million, higher than the anticipated $534.457 million. Ken Cook, Interim CEO, highlighted that Company-operated restaurants saw a 4% growth in comparable sales compared to the system, attributing this success to a focus on execution and the successful launch of new chicken tenders. Wendy's also confirmed its 2025 adjusted EPS outlook ranging from 82 cents.