Here's Why Investors Should Retain Wendy's (WEN) Stock Now [Yahoo! Finance]
Wendy's Company (The) (WEN)
Last wendy's company (the) earnings: 2/26 07:00 am
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US:NASDAQ Investor Relations:
wendys.com/en-us/about-wendys/investor-dashboard
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Source: Yahoo! Finance
This and the focus on digital initiatives bode well. However, high labor costs are a concern. Let us discuss the factors that highlight why investors should retain the stock for the time being. Growth Catalysts Wendy's continues to impress investors with robust global same-restaurant sales growth. During the fiscal fourth quarter, Same-restaurant sales at international restaurants (excluding Argentina) rose 4.3% year over year compared with 9.9% a year ago. Comps at global restaurants inched up 1.3% year over year compared with 6.4% in the prior-year quarter. Higher average checks, strategic pricing actions and product innovations primarily backed the upside. Given the emphasis on global expansion and menu innovation efforts, the company anticipates the momentum to continue in the upcoming periods. For the fiscal 2024, the company expects global same-restaurant sales growth to be in the 3-4% range. Increased focus on digital initiatives bodes well. WEN intends to invest around
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WEN
News
- The Wendy's Company (NASDAQ: WEN) had its price target raised by analysts at Wedbush from $19.00 to $20.00. They now have a "neutral" rating on the stock.MarketBeat
- Wendy's (WEN) Reports Next Week: What to Expect [Yahoo! Finance]Yahoo! Finance
- Wendy's launching free fries promotion for Fridays [FOX Business Network]FOX Business Network
- Best FRYday Yet: Wendy's Drops Free Any Size Hot & Crispy Fries With Any Purchase App Offer EVERY Friday Beginning April 19 [Yahoo! Finance]Yahoo! Finance
- Best FRYday Yet: Wendy's Drops Free Any Size Hot & Crispy Fries With Any Purchase App Offer EVERY Friday Beginning April 19PR Newswire
WEN
Earnings
- 2/15/24 - Miss
WEN
Sec Filings
- 4/25/24 - Form PX14A6G
- 4/11/24 - Form PX14A6G
- 4/5/24 - Form 4
- WEN's page on the SEC website