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Wendy's (WEN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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Wendy's (WEN - Free Report) reported $570.73 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 1.6%. EPS of $0.27 for the same period compares to $0.28 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $577.28 million, representing a surprise of -1.14%. The company delivered an EPS surprise of -3.57%, with the consensus EPS estimate being $0.28.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Wendy's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Same-Restaurant - U.S.
0.6% versus the nine-analyst average estimate of 2.4%.
Number of restaurants - Total
: 7,261 compared to the 7,273 average estimate based on nine analysts.
Same-Restaurant - International
: 2.5% versus the seven-analyst average estimate of 3.7%.
Number of restaurants - Franchised - Total
: 5,614 versus the seven-analyst average estimate of 6,863.
Revenues- Advertising funds
: $115.06 million compared to the $115.46 million average estimate based on nine analysts. The reported number represents a change of +4.8% year over year.
Revenues- Sales at Company-operated restaurants
: $237.36 million versus the nine-analyst average estimate of $245 million. The reported number represents a year-over-year change of -1.4%.
Revenues- Franchise rental income
: $60.64 million versus $58.79 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +4.5% change.
Revenues- Franchise royalty revenue and fees
: $157.67 million compared to the $159.27 million average estimate based on eight analysts. The reported number represents a change of +19.3% year over year.
Revenues- Franchise fees
: $20.92 million versus the five-analyst average estimate of $20.37 million. The reported number represents a year-over-year change of 0%.
Revenues- Franchise royalty
: $132.13 million compared to the $138.06 million average estimate based on five analysts.
Systemwide Sales- International franchised
: $483.30 million compared to the $514.88 million average estimate based on four analysts. The reported number represents a change of +4.8% year over year.
Revenues- Wendy?s U.S
: $472.59 million versus the four-analyst average estimate of $480.92 million.
Shares of Wendy's have returned +4% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Wendy's (WEN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Wendy's (WEN - Free Report) reported $570.73 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 1.6%. EPS of $0.27 for the same period compares to $0.28 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $577.28 million, representing a surprise of -1.14%. The company delivered an EPS surprise of -3.57%, with the consensus EPS estimate being $0.28.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Wendy's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Wendy's here>>>Same-Restaurant - U.S.
0.6% versus the nine-analyst average estimate of 2.4%.Number of restaurants - Total
: 7,261 compared to the 7,273 average estimate based on nine analysts.Same-Restaurant - International
: 2.5% versus the seven-analyst average estimate of 3.7%.Number of restaurants - Franchised - Total
: 5,614 versus the seven-analyst average estimate of 6,863.Revenues- Advertising funds
: $115.06 million compared to the $115.46 million average estimate based on nine analysts. The reported number represents a change of +4.8% year over year.Revenues- Sales at Company-operated restaurants
: $237.36 million versus the nine-analyst average estimate of $245 million. The reported number represents a year-over-year change of -1.4%.Revenues- Franchise rental income
: $60.64 million versus $58.79 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +4.5% change.Revenues- Franchise royalty revenue and fees
: $157.67 million compared to the $159.27 million average estimate based on eight analysts. The reported number represents a change of +19.3% year over year.Revenues- Franchise fees
: $20.92 million versus the five-analyst average estimate of $20.37 million. The reported number represents a year-over-year change of 0%.Revenues- Franchise royalty
: $132.13 million compared to the $138.06 million average estimate based on five analysts.Systemwide Sales- International franchised
: $483.30 million compared to the $514.88 million average estimate based on four analysts. The reported number represents a change of +4.8% year over year.Revenues- Wendy?s U.S
: $472.59 million versus the four-analyst average estimate of $480.92 million.Shares of Wendy's have returned +4% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.