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Wendys Co (WEN.OQ)

WEN.OQ on NASDAQ Stock Exchange Global Select Market

16.88USD
23 Feb 2018
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Latest Key Developments (Source: Significant Developments)

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

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

BRIEF-Eminence Capital Reports 5 Percent Passive Stake In Wendy's As Of Feb 13

* EMINENCE CAPITAL LP REPORTS 5.0 PERCENT PASSIVE STAKE IN WENDYS CO AS OF FEB 13 - SEC FILING Source text: (http://bit.ly/2CGBYBr) Further company coverage: