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.