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Wendys Co (WEN.OQ)

WEN.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

The Wendy's Company Reports Q3 Adj Earnings Per Share $0.17
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - Wendys Co ::THE WENDY'S COMPANY REPORTS THIRD QUARTER 2018 RESULTS.SEES FY 2018 ADJUSTED EARNINGS PER SHARE ABOUT $0.56 TO $0.58.QTRLY ADJUSTED EARNINGS PER SHARE $0.17.QTRLY REPORTED DILUTED EARNINGS PER SHARE $1.60.SEES 2018 COMPANY-OPERATED RESTAURANT MARGIN COMPANY-OPERATED RESTAURANT MARGIN OF APPROXIMATELY 16.0 TO 16.5 PERCENT.WENDYS - QTRLY REVENUE $400.6 MILLION VERSUS $391.3 MILLION.Q3 EARNINGS PER SHARE VIEW $0.15, REVENUE VIEW $405.4 MILLION -- THOMSON REUTERS I/B/E/S.QTRLY NORTH AMERICA SAME-RESTAURANT SALES GROWTH DOWN 0.2%.DURING 2018, COMPANY NOW EXPECTS NORTH AMERICA SAME-RESTAURANT SALES GROWTH OF APPROXIMATELY 1.0 PERCENT.DURING 2018, COMPANY NOW EXPECTS ADJUSTED EARNINGS PER SHARE OF APPROXIMATELY $0.56 TO $0.58.BOARD OF DIRECTORS APPROVES $120 MILLION INCREASE IN SHARE REPURCHASE AUTHORIZATION.SEES 2018 CAPITAL EXPENDITURES OF APPROXIMATELY $70 TO $75 MILLION.NOW EXPECTS THAT APPROXIMATELY 130 FRANCHISE FLIPS WILL BE COMPLETED IN 2018.SEES 2018 COMPANY-OPERATED RESTAURANT MARGIN OF APPROXIMATELY 16.0 TO 16.5 PERCENT.  Full Article

The Wendy's Company Reports Second Quarter 2018 Results
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - Wendys Co ::THE WENDY'S COMPANY REPORTS SECOND QUARTER 2018 RESULTS.QTRLY REPORTED DILUTED EARNINGS PER SHARE $0.12.QTRLY ADJUSTED EARNINGS PER SHARE $0.14.QTRLY NORTH AMERICA SAME-RESTAURANT SALES INCREASE 1.9%.COMPANY REMAINS ON TARGET TO ACHIEVE ALL 2018 FINANCIAL GUIDANCE.QTRLY REPORTED DILUTED EARNINGS PER SHARE $0.12.QTRLY TOTAL REVENUES $411 MILLION VERSUS $395.4 MILLION.CONTINUES TO EXPECT THAT ABOUT 200 FRANCHISE FLIPS WILL BE COMPLETED IN 2018.ON TRACK TO ACHIEVE 2020 GOALS.CONTINUES TO EXPECT NORTH AMERICA SAME-RESTAURANT SALES GROWTH OF APPROXIMATELY 2.0 TO 2.5 PERCENT IN 2018.CONTINUES TO EXPECT 2018 ADJUSTED EARNINGS PER SHARE OF APPROXIMATELY $0.55 TO $0.57.CONTINUES TO EXPECT 2018 CASH FLOWS FROM OPERATIONS OF ABOUT $295 TO $320 MILLION.CONTINUES TO EXPECT 2018 CAPITAL EXPENDITURES OF ABOUT $75 TO $80 MILLION.36 GLOBAL RESTAURANT OPENINGS DURING Q2 OF 2018.CONTINUES TO EXPECT GLOBAL RESTAURANT COUNT OF ABOUT 7,250 BY END OF 2020.NOW EXPECTS 2018 GLOBAL NET NEW UNIT GROWTH OF ABOUT 1.5 PERCENT.Q2 EARNINGS PER SHARE VIEW $0.16, REVENUE VIEW $407.7 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $0.56 -- THOMSON REUTERS I/B/E/S.  Full Article

Wendy's, Papa John's Deal Talks Not Ongoing - CNBC, Citing Sources
Thursday, 19 Jul 2018 

July 19 (Reuters) - :WENDY'S, PAPA JOHN'S DEAL TALKS NOT ONGOING - CNBC, CITING SOURCES.  Full Article

Papa John's Founder Recently Held Merger Talks With Wendy's - WSJ, Citing Sources
Wednesday, 18 Jul 2018 

July 18 (Reuters) - :PAPA JOHN'S FOUNDER RECENTLY HELD MERGER TALKS WITH WENDY'S; TALKS COOLED AFTER JOHN SCHNATTER STEPPED DOWN AS CHAIRMAN - WSJ, CITING SOURCES.  Full Article

Wendys Announced A 2020 Goal Of Opening More Than 600 New Restaurants
Friday, 20 Apr 2018 

April 21 (Reuters) - Wendys Co ::WENDYS CO - ANNOUNCED A 2020 GOAL OF OPENING MORE THAN 600 NEW RESTAURANTS.  Full Article

Eminence Capital Reports 5 Percent Passive Stake In Wendy's As Of Feb 13
Friday, 23 Feb 2018 

Feb 23 (Reuters) - Wendys Co ::EMINENCE CAPITAL LP REPORTS 5.0 PERCENT PASSIVE STAKE IN WENDYS CO AS OF FEB 13 - SEC FILING.  Full Article

The Wendy's Co Prices $925 Mln Securitized Financing Facility
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Wendys Co ::THE WENDY'S COMPANY PRICES $925 MILLION SECURITIZED FINANCING FACILITY.WENDYS CO - HAS ENTERED INTO A PURCHASE AGREEMENT UNDER WHICH ONE OF ITS INDIRECT, SPECIAL PURPOSE SUBSIDIARIES.WENDYS CO - AGREED TO ISSUE AND SELL $450 MILLION OF ITS SERIES 2018-1 3.573% FIXED RATE SENIOR SECURED NOTES, CLASS A-2-I.WENDYS CO - AGREED TO ISSUE AND SELL $475 MILLION OF ITS SERIES 2018-1 3.884% FIXED RATE SENIOR SECURED NOTES, CLASS A-2-II.WENDYS CO - INTEREST PAYMENTS ON 2018 NOTES ARE PAYABLE ON A QUARTERLY BASIS.WENDYS CO - ANTICIPATED REPAYMENT DATES OF CLASS A-2-I NOTES AND CLASS A-2-II NOTES WILL BE MARCH 2025 AND MARCH 2028, RESPECTIVELY.WENDYS CO - MASTER ISSUER ALSO INTENDS TO ENTER INTO A PURCHASE AGREEMENT UNDER WHICH IT WILL ISSUE $150 MILLION SERIES 2018-1 CLASS A-1 NOTES.WENDYS - NET PROCEEDS FROM EXPECTED SALE OF 2018 NOTES WILL BE USED TO REDEEM MASTER ISSUER'S OUTSTANDING SERIES 2015-1 CLASS A-2-I NOTES, AMONG OTHERS.  Full Article

Wendy's Co Announces Refinancing Transaction
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Wendys Co ::THE WENDY'S COMPANY ANNOUNCES REFINANCING TRANSACTION.WENDYS CO - ‍CONSUMMATION OF OFFERING IS SUBJECT TO MARKET AND OTHER CONDITIONS AND IS ANTICIPATED TO CLOSE IN Q1 OF 2018​.WENDYS CO - ‍CO'S SUBSIDIARIES INTEND TO ISSUE AT LEAST $875 MILLION OF NEW SENIOR SECURED NOTES​.WENDYS CO -CO'S SUBSIDIARIES ALSO INTEND TO ENTER INTO A NEW $150 MILLION VARIABLE FUNDING NOTE FACILITY, WHICH WILL REPLACE SERIES 2015-1 CLASS A-1 NOTES​.WENDYS -SOME UNITS COMMENCED REFINANCING DEAL, CONSISTING OF REFINANCING OF PORTION OF OUTSTANDING SECURITIZATION DEBT, NEW SERIES OF SECURITIZED DEBT​.WENDYS CO - UNITS ‍PLAN TO USE PROCEEDS FROM SALE OF SERIES 2018-1 NOTES TO REDEEM SERIES 2015-1 CLASS A-2-I NOTES.  Full Article

Eminence Capital LP reports 5.2 pct passive stake in Wendys as of Nov 14, 2017
Friday, 24 Nov 2017 

Nov 24 (Reuters) - Wendys Co :Eminence Capital LP reports 5.2 percent passive stake in wendys co as of November 14, 2017 - SEC Filing‍​.  Full Article

Wendy's reports Q3 adjusted earnings per share of $0.09
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Wendy's Co ::Reports third quarter 2017 results.Q3 adjusted earnings per share $0.09.Q3 earnings per share $0.06.Q3 revenue $308 million versus I/B/E/S view $311.9 million.Q3 earnings per share view $0.12 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted earnings per share about $0.43 to $0.45.Qtrly ‍North America same-restaurant sales increase 2.0 percent.Estimates hurricanes in U.S. negatively impacted North America system same-restaurant sales by approximately 30 to 40 basis-points in Q3​.Sees ‍2017 capital expenditures of approximately $80 to $85 million​.Company on track to achieve 2020 goals​.Company continues to expect to achieve global systemwide sales (in constant currency and excluding Venezuela) of about $12 billion by end of 2020​.Continues to expect to achieve by end of 2020 global restaurant count of about 7,500​.During 2017, company now expects same-restaurant sales growth of approximately 2.0 to 2.5 percent for North America system​.During 2017, expects company-operated restaurant margin of approximately 17.5 to 18.0 percent​.FY2017 earnings per share view $0.46, revenue view $1.23 billion -- Thomson Reuters I/B/E/S.  Full Article

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U.S. pigs out on bacon, ribs as trade wars cut chicken demand

CHICAGO Americans are losing their taste for chicken and eating more beef and pork as President Donald Trump's trade wars reduce U.S. pork exports to China and Mexico and leave cheaper bacon and ribs at home.