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Wendys Co (WEN.OQ)

WEN.OQ on NASDAQ Stock Exchange Global Select Market

15.51USD
15 Dec 2017
Change (% chg)

$0.15 (+0.98%)
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Latest Key Developments (Source: Significant Developments)

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

The Wendy's Company announces regular quarterly cash dividend of $0.07 per share
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Wendys Co :The Wendy's Company announces regular quarterly cash dividend of $0.07 per share.  Full Article

Meritage to buy 69 Wendy's restaurants across five states
Thursday, 9 Feb 2017 

Meritage Hospitality Group Inc : Meritage reports definitive agreements to acquire 69 Wendy’s restaurants located across five states .Expects 69 restaurants to add approximately $90 million in annual sales and be accretive to earnings.  Full Article

Osamu Shiseki to replace Ernest M. Higa as CEO of Wendy's Japan - Nikkei
Monday, 29 Aug 2016 

Nikkei: Osamu Shiseki, now an adviser to Wendy's, will replace Ernest M. Higa as CEO of Wendy's Japan and subsidiary First Kitchen - Nikkei .Ernest M. Higa will retain representation rights as Chairman of Wendy's Japan - nikkei.  Full Article

The Wendy's Co Q2 EPS $0.10 from continuing operations
Wednesday, 10 Aug 2016 

The Wendy's Co : Reports Second-Quarter 2016 results . Q2 earnings per share $0.10 from continuing operations . Q2 earnings per share view $0.09 -- Thomson Reuters I/B/E/S . Raises fy 2016 adjusted earnings per share view to $0.39 to $0.40 . Q2 adjusted earnings per share $0.10 from continuing operations . Q2 revenue $382.7 million versus i/b/e/s view $367.6 million . Provides updated 2016 outlook, increases long-term margin goal . Company repurchases 5.9 million shares for $61.0 million in q2 . Sees 2016 restaurant margin of approximately 19.0 percent at north america . Restaurant sales growth of approximately 1.0 to 2.0 percent for north america system . Company on track to achieve 2020 north america system goals . Wendys co sees 2016 capital expenditures of approximately $135 million to $145 million . Continues to expect to achieve north america system goals by end of 2020 . Increasing its outlook for 2016 adjusted earnings per share to $0.39 to $0.40 . On track to achieve 2020 north america system goals, adds adjusted ebitda margin as new 2020 company goal . Increasing its outlook for 2016 adjusted ebitda to flat to up 1 percent compared to 2015 . Fy2016 earnings per share view $0.39 -- Thomson Reuters I/B/E/S . Company intends to sell a total of approximately 315 restaurants to franchisees during 2016 . Company now expects third phase of system optimization to generate pretax proceeds of approximately $435 million.  Full Article

Wendy's says gap between cost of eating at home and dining out weakened Q2 sales
Wednesday, 10 Aug 2016 

Wendy's Co : CEO on a conference call says most notable driver behind sales slowdown appears to be continued gap between cost of eating at home and cost of dining out . Executive says expects 5-6 percent deflation in commodity costs due to the continued favorability in beef prices .Executive says "there is a lot of uncertainty in consumers' minds as we work through the election".  Full Article

Wendys sets regular quarterly cash dividend of $0.06/shr
Thursday, 4 Aug 2016 

Wendys Co :Sets regular quarterly cash dividend of $0.06 per share.  Full Article

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Hamburger chain Wendy's to reduce antibiotic use in beef supply

CHICAGO Hamburger chain Wendy's Co laid out plans on Friday to trim the use of antibiotics that are important to human medicine from its beef supply, the latest step by a food company to fight concerns about resistance to the drugs in people.