In addition, excludes other international-related advertising deficit of $115 and $1,099 for the three and twelve months ended January 1, 2023, respectively. Although sales dipped in 2014, they climbed back to $1.71 billion in 2019. Excluding this reserve adjustment, general and administrative expense would have increased by approximately $3.9 million, or 2 percent. Same-restaurant sales and systemwide sales exclude sales from Venezuela and Argentina due to the highly inflationary economies of those countries. Three and Twelve Month Periods Ended January 3, 2021 and December 29, 2019 Reconciliations of Net Income to Adjusted EBITDA and Revenues to Adjusted Revenues Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. However, the Company's royalty revenues are computed as percentages of sales made by Wendy's franchisees and, as a result, sales by franchisees have a direct effect on the Company's royalty revenues and profitability. Most Recent The Wendy's Company (WEN) Income Statement - Yahoo Finance Company-operated restaurant margin is defined as sales from Company-operated restaurants less cost of sales divided by sales from Company-operated restaurants. Excluding items, Wendys earned 9 cents per share. WENDY'S There can be no assurance that any additional regular quarterly cash dividends will be declared or paid after the date hereof, or of the amount or timing of such dividends, if any. (2) Cash flows from operations minus capital expenditures, the impact of our advertising funds and cash paid for taxes related to thedisposition of the New York market in Q2 2021. Free cash flow is a non-GAAP financial measure that is used by the Company as an internal measure of liquidity. The Wendy's Company (Nasdaq: WEN) today reported unaudited results for the third quarter ended September 27, 2020. The decrease in free cash flow resulted primarily from the settlement of the financial institutions case, higher reorganization and realignment payments, a higher incentive compensation payout for the 2019 fiscal period paid in 2020, and rental payment timing. I am confident that Wendy's best days are yet to come, and we will continue to make meaningful progress towards achieving our vision of becoming the world's most thriving and beloved restaurant brand.". Excludes advertising funds expense of $4,091 and $15,116 for the three and twelve months ended January 1, 2023, respectively, and $8,497 and $25,000 for the three and twelve months ended January 2, 2022, respectively, related to the Company's funding of incremental advertising. Same-restaurant sales compares the 52 weeks from December 30, 2019 through December 27, 2020 to the 52 weeks from December 31, 2018 through December 29, 2019. Restaurants temporarily closed for more than one fiscal week are excluded from same-restaurant sales. The Company believes investors, analysts and other interested parties use adjusted revenue, adjusted EBITDA, adjusted earnings per share and systemwide sales in evaluating issuers, and the presentation of these measures facilitates a comparative assessment of the Company's operating performance in addition to the Company's performance based on GAAP results. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. 11 Aug, 2021, 07:00 ET. Generally, forward-looking statements include the words "may," "believes," "plans," "expects," "anticipates," "intends," "estimate," "goal," "upcoming," "outlook," "guidance" or the negation thereof, or similar expressions. Adjusted revenue, adjusted EBITDA, adjusted earnings per share, free cash flow and systemwide sales are not recognized terms under GAAP, and the Company's presentation of these non-GAAP financial measures does not replace the presentation of the Company's financial results in accordance with GAAP. The increase in adjusted EBITDA resulted primarily from higher franchise royalty revenue and fees and lower franchise support and other costs, partially offset by the incremental Company investment in breakfast advertising, higher general and administrative expense, and lower other operating income. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. (1), Systemwide Sales (In US$ Millions) This release includes forward-looking projections for certain non-GAAP financial measures, including systemwide sales, adjusted EBITDA, adjusted earnings per share and free cash flow. The Company believes that its strong liquidity position, along with the momentum it is seeing in its business, supports this increase, while still leaving flexibility to invest in growth. The live conference call will be available by telephone at (866) 211-4759 for domestic callers and (647) 689-6752 for international callers. These increases were partially offset by higher interest expense and a higher tax rate. "In the third quarter we posted our highest Global same-restaurant sales growth performance in over 15 years on top of outsized growth in the prior This is most visible through the Company's support of the Dave Thomas Foundation for Adoption and its signature Wendy's Wonderful Kids program, which seeks to find a loving, forever home for every child waiting to be adopted from the North American foster care system. DUBLIN, Ohio, March 3, 2021 /PRNewswire/ --The Wendy's Company (Nasdaq: WEN) today reported results for the fourth quarter and fiscal year ended January 3, 2021. Because all companies do not calculate adjusted revenue, adjusted EBITDA, adjusted earnings per share, free cash flow and systemwide sales (and similarly titled financial measures) in the same way, those measures as used by other companies may not be consistent with the way the Company calculates such measures. Adjusted Earnings Per ShareThe increase in adjusted earnings per share was driven by an increase in adjusted EBITDA, higher interest income, and fewer shares outstanding as a result of the Company's share repurchase program. Wendy's sales and franchise revenue 2022 | Statista The American Customer Satisfaction Index released its annual restaurant report on Tuesday. Wendy`s Annual Twelve Month Periods Ended January 3, 2021 and December 29, 2019 At Wendys, we promise to treat your data with respect and will not share your information with any third party. WebWendy's net profit margin as of March 31, 2023 is 8.42% . FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. The related presentation materials will also be available on the Company's Investor Relations website. "In the third quarter we posted our highest Global Operating ProfitThe decrease in operating profit resulted primarily from lower system optimization gains driven by lapping the one-time benefit of the sale of the New York market during the second quarter of 2021. Forward-Looking StatementsThis release contains certain statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). The Wendy's Company (Nasdaq: WEN) is committed to doing the right thing and making a positive difference in the lives of others. New risks and uncertainties arise from time to time, and it is impossible for the Company to predict these events or how they may affect the Company. Today, Wendy's and its franchisees employ hundreds of thousands of people across more than 6,800 restaurants worldwide with a vision of becoming the world's most thriving and beloved restaurant brand. The increase in revenues and adjusted revenues was primarily driven by higher sales at Company-operated restaurants and an increase in franchisee royalty revenue and fees. Wendys Wendys Annual See "Disclosure Regarding Non-GAAP Financial Measures" and the reconciliation tables that accompany this release for a discussion and reconciliation of certain non-GAAP financial measures included in this release. WebTen years of annual and quarterly financial statements and annual report data for Wendy's (WEN). The impact of our advertising funds is excluded because the funds are used solely for advertising and are not available for the Company's working capital needs. (3). (3) Systemwide sales include sales at both Company-operated and franchise restaurants. These increases were partially offset by a lower Company-operated restaurant margin and higher general and administrative expense. Wendy's Profit Margin 2010-2023 | WEN | MacroTrends $4.487B. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. This is most visible through the Company's support of the Dave Thomas Foundation for Adoption and its signature Wendy's Wonderful Kids program, which seeks to find every child in the North American foster care system a loving, forever home. Data may be intentionally delayed pursuant to supplier requirements. Wendys An archived webcast and presentation materials will be available on the Company's Investor Relations website. Generally, forward-looking statements include the words "may," "believes," "plans," "expects," "anticipates," "intends," "estimate," "goal," "upcoming," "outlook," "guidance" or the negation thereof, or similar expressions. In the United The Company defines free cash flow as cash flows from operations minus (i) capital expenditures and (ii) the net change in the restricted operating assets and liabilities of the advertising funds and any excess/deficit of advertising funds revenue over advertising funds expense included in net income, as reported under GAAP. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Forward-looking statements are based on the Company's expectations at the time such statements are made, speak only as of the dates they are made and are susceptible to a number of risks, uncertainties and other factors. WebGet the detailed quarterly/annual income statement for The Wendy's Company (WEN). DUBLIN, Ohio, March 3, 2021 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) today reported results for the fourth quarter and fiscal year ended January 3, 2021. Investor Contact:Greg LemenchickSenior Director - Investor Relations & Corporate FP&A(614) 766-3977; greg.lemenchick@wendys.com, Media Contact:Heidi SchauerVice President Communications, Public Affairs & Customer Care(614) 764-3368; heidi.schauer@wendys.com, The Wendy However, the Company's royalty revenues are computed as percentages of sales made by Wendy's franchisees and, as a result, sales by franchisees have a direct effect on the Company's royalty revenues and profitability. Source: Kantar Media. (Unaudited). The Company believes excluding the impact of foreign currency translation provides better year over year comparability. (1) Systemwide sales growth and same-restaurant sales growth are calculated on a constant currency basis and include sales by both Company-operated and franchise restaurants. WebHunger & Food Integrity Youth & Families Vibrant Communities Wendys WeCare provides short-term financial assistance to Company and franchise employees experiencing financial need due natural disasters. The Company reports same-restaurant sales for new restaurants after they have been open for 15 continuous months and for reimaged restaurants as soon as they reopen. See the reconciliation tables that accompany this release for additional information regarding certain of the non-GAAP financial measures included herein. In addition, the provision for income taxes related to the advertising funds was $403 and $383 for thethree and twelve months ended January 1, 2023, respectively, and $1,203 for the three and twelve months ended January 2, 2022. These increases were partially offset by an incremental Company investment in breakfast advertising of approximately $14.6 million, higher general and administrative expense, and lower other operating income. Therefore, as restaurant margin as presented excludes certain costs as described above, its usefulness may be limited and may not be comparable to other similarly titled measures of other companies in our industry. (In Thousands) These increases were partially offset by a lower incentive compensation accrual. The fourth quarter and full-year results include the favorable impact of a 53 The American Customer Satisfaction Index released its annual restaurant report on Tuesday. Free cash flow is also used by the Company in establishing performance goals for purposes of executive compensation. The decrease was partially offset by fewer shares outstanding as a result of the Company's share repurchase programs and an increase in adjusted EBITDA. Janus Henderson Sustainable & Impact Core Bond ETF (JACK). Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Visit www.wendys.comand www.squaredealblog.com for more information and connect with us on Twitter and Instagram using @wendys, and on Facebook at www.facebook.com/wendys. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. The Company does not endorse any projections regarding future performance that may be made by third parties. Wendy's Financial Statements Restaurants temporarily closed for more than one fiscal week are excluded from same-restaurant sales. Consumer Services. It derives revenues from two principal sources: sales at company-operated restaurants and franchise-related revenues including royalties, national advertising funds contributions, rents and franchise fees received from Wendy's franchised restaurants. As of February 21, approximately $487.1 million remains available under the Company's existing share repurchase authorization that expires in February 2027. Web22.07 -0.06 ( -0.27%) Pre-Market: 08:14 Switch to: Reports Actions Quote Performance Key Stats Financials Estimates News Events Y-Rating Valuation More Data Leverage your fund (In Thousands Except Per Share Amounts) These increases were partially offset by a higher tax rate and higher interest expense. The Company expects to incur total costs of approximately $11 million to $13 million related to these savings, of which approximately 85% is expected to be cash expenditures. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. WebThe Wendy's Company and Subsidiaries. Retail - Food & Restaurants. These increases were primarily driven by the impact of the 53rdoperating week and an increase in same-restaurant sales driven by the Company's new breakfast daypart in the U.S. Annual profit (last year) $177.4M: Net profit margin: 8.46%: Profile. As of the date of this release, approximately $58 million remains available under the Company's existing $100 million share repurchase authorization that expires in February 2022. WebFind real-time WEN - Wendys Co stock quotes, company profile, news and forecasts from CNN Business. 03 Mar, 2021, 07:00 ET. Condensed Consolidated Statements of Cash Flows. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. The Company assumes no obligation to update any forward-looking statements after the date of this release as a result of new information, future events or developments, except as required by federal securities laws, although the Company may do so from time to time. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Net IncomeThe decrease in net income resulted primarily from a higher tax rate, largely as a result of lapping a deferred tax benefit related to a change in a state tax law, and higher interest expense as a result of the Company's debt raise completed in the first quarter of 2022. $2.096B. Revenues also benefited from an increase in franchise royalty revenue and advertising funds revenue, both of which increased largely due to higher same-restaurant sales. s Company and Subsidiaries Many important factors could affect the Company's future results and cause those results to differ materially from those expressed in or implied by the Company's forward-looking statements. The Wendy's Company - THE WENDY'S COMPANY REPORTS The Wendy's Company Reports Third Quarter 2021 Results Cost of sales excludes certain costs that support restaurant operations that are not allocated to individual restaurants, which are included in "General and administrative." Wendy's Revenue (Quarterly DUBLIN, Ohio, March 3, 2021 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) today reported results for the fourth quarter and fiscal year ended January 3, 2021. The Wendy's Company Reports Second Quarter 2021 Results - PR Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow, Cash paid for taxes related to New York disposition. The Company's predominantly franchised business model may also impact the ability of the Wendy's system to effectively respond and adapt to market changes. WebThe Wendys Company KRISTIN A. DOLAN 8 Founder and Chief Executive Officer, 605, LLC Corporate Office RESTAURANT SUPPORT CENTER The Wendys Company One Dave Thomas Boulevard Dublin, OH 43017 614.764.3100 www.wendys.com SEC certifications The certifications of the Companys Chief Executive Officer and Chief Financial Officer required View original content to download multimedia:http://www.prnewswire.com/news-releases/the-wendys-company-reports-fourth-quarter-and-full-year-2020-results-301239108.html. 650,553. This was partially offset by the incremental Company investment in breakfast advertising, and higher general and administrative expense. DUBLIN, Ohio, Jan. 13, 2023 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) today reported preliminary, unaudited results for the fourth quarter and fiscal year THE WENDY'S COMPANY REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS 03/01/2023 Download DUBLIN, Ohio, March 1, 2023 /PRNewswire/ -- The Wendy's The decrease in Company-operated restaurant margin was primarily the result of customer count declines as a result of the COVID-19 pandemic, labor cost increases, and higher commodity costs. 53rd Week Impact All rights reserved. Forward-looking statements are based on the Company's expectations at the time such statements are made, speak only as of the dates they are made and are susceptible to a number of risks, uncertainties and other factors. Same-restaurant sales and systemwide sales each include sales by both Company-operated and franchise restaurants. The increase in adjusted EBITDA resulted primarily from higher franchise royalty revenue and fees, lower franchise support and other costs, and an increase in Company-operated restaurant margin. (2) Cash flows from operations minus capital expenditures, the impact of our advertising funds, and, for 2019, the tax effect of gain on. First Quarter Sales off to a Strong StartThrough the week ended February 21, year-to-date U.S. same-restaurant sales increased approximately 6% and Global same-restaurant sales increased approximately 5%. How satisfied are the customers? The Company's predominantly franchised business model may also impact the ability of the Wendy's system to effectively respond and adapt to market changes. The Company calculates same-restaurant sales and systemwide sales growth on a constant currency basis. For all such forward-looking statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Reform Act. The non-GAAP financial measures included in this release should not be construed as substitutes for or better indicators of the Company's performance than the most directly comparable GAAP financial measures. By providing your email address below, you are providing consent to Wendys to send you the requested Investor Email Alert updates. These increases were partially offset by an increase in advertising funds expense related to the timing of marketing expenses and higher general and administrative expense. DUBLIN, Ohio, Aug. 11, 2021 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) today reported unaudited results for the second quarter ended July 4, 2021. WebWendys Rewards loyalty program in 2021, growing total members by approximately 75% to almost $21 million and growing monthly active users by approximately 25%. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. The Company believes free cash flow is an important liquidity measure for investors and other interested persons because it communicates how much cash flow is available for working capital needs or to be used for repurchasing shares, paying dividends, repaying or refinancing debt, financing possible acquisitions or investments or other uses of cash. Wendy's profit view squeezed by rising commodity costs The decrease in adjusted earnings per share was primarily driven by an increase in income taxes due to a higher tax rate that was primarily the result of a tax reserve release the Company recognized in 2019, as well as lower other income, which was primarily due to less interest income earned on cash equivalents. The Company's actual results, performance and achievements may differ materially from any future results, performance or achievements expressed or implied by the Company's forward-looking statements. Wendy's improves customer satisfaction as Chick-fil-A again leads The Company defines free cash flow as cash flows from operations minus (i) capital expenditures and (ii) the net change in the restricted operating assets and liabilities of the advertising funds and any excess/deficit of advertising funds revenue over advertising funds expense included in net income, as reported under GAAP. The decrease was partially offset by the benefit of rolling over a loss on early extinguishment of debt that the Company incurred as part of its debt refinancing in 2019 and a higher operating profit. Conference Call and Webcast Scheduled for 8:30 a.m. Today, March 1The Company will host a conference call on Wednesday, March 1 at 8:30 a.m. In addition to the factors described above, there are risks associated with the Company's predominantly franchised business model that could impact its results, performance and achievements. Reconciliation of Net Income and Diluted Earnings Per Share to, Adjusted Income and Adjusted Earnings Per Share, Total adjustments per share, net of income taxes. Wendy's net income 2022 | Statista ET, with a simultaneous webcast from the Company's Investor Relations website at www.irwendys.com. WEN | Wendy's Co. Annual Income Statement - WSJ Constant currency results exclude the impact of foreign currency translation and are derived by translating current year results at prior year average exchange rates. Same-restaurant sales and systemwide sales each include sales by both Company-operated and franchise restaurants. Revenue (Quarterly) Chart View Full Chart Historical Revenue (Quarterly) Data View and export this data back to 1984. WEN | Wendy's Co. Financial Statements - WSJ All future written and oral forward-looking statements attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to above. Please check your download folder. rd (a) Excludes advertising funds expense of $3,990 and $7,524 for the three and six months ended July 4, 2021, respectively, and $2,185 for the three and six These decreases were partially offset by an increase in operating profit and higher other income primarily driven by increased interest income. Free Cash FlowThe decrease in free cash flow resulted primarily from an increase in payments for incentive compensation for the 2021 fiscal year paid in 2022, cash paid for cloud computing arrangements primarily related to the Company's ERP implementation, and an increase in capital expenditures. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. (In Thousands Except Par Value) The increase in net income resulted primarily from higher operating profit, partially offset by lower investment income as the result of a cash settlement related to a previously held investment that the Company received in the prior year. The Wendy's Company Reports Fourth Quarter And Full Year 2020 Results, * In the 12 months ended December 2020, Wendy's is #2 in traffic share among U.S. QSR burger chains, according to The NPD Group CREST, Number of shares used to calculate basic income, Number of shares used to calculate diluted income, Common stock, $0.10 par value; 1,500,000 shares authorized; 470,424 shares, http://www.prnewswire.com/news-releases/the-wendys-company-reports-fourth-quarter-and-full-year-2020-results-301239108.html, Global systemwide sales growth: 6 to 8 percent, Adjusted earnings per share: $0.67 to $0.69, Cash flows from operations: $310 to $330 million. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Organizational RedesignOn February 16, 2023, the Board of Directors approved a plan to redesign the Company's organizational structure to better support the execution of the Company's long-term growth strategy by maximizing organizational efficiency and streamlining decision making. Annual *Fresh beef available in the contiguous U.S., Alaska, and Canada. Nine Month Periods Ended October 3, 2021 and September 27, 2020 (In Thousands) If you experience any issues with this process, please contact us for further assistance. Systemwide Sales Growth Company-operated restaurant margin is defined as sales from Company-operated restaurants less cost of sales divided by sales from Company-operated restaurants. (Unaudited), Tax effect of gain on other investments in equity securities. Due to the uncertainty and variability of the nature and amount of those expenses and benefits, the Company is unable without unreasonable effort to provide projections of net income, earnings per share or net cash provided by operating activities, or a reconciliation of those projected measures. New risks and uncertainties arise from time to time, and factors that the Company currently deems immaterial may become material, and it is impossible for the Company to predict these events or how they may affect the Company. The increase was primarily driven by higher professional fees related to IT-related costs, partially offset by lower travel related expenses as a result of reduced travel due to the COVID-19 pandemic and a lower incentive compensation accrual. In the first quarter of 2023, the Company has repurchased 0.6 million shares through February 21. About Wendy'sWendy's was founded in 1969 by Dave Thomas in Columbus, Ohio. The increase in general and administrative expense was primarily driven by higher professional fees related to IT-related costs and the impact of the 53rd operating week, partially offset by lower travel related expenses as a result of reduced travel due to the COVID-19 pandemic. Ann. Many of these risks have been or in the future may be heightened due to the business disruption and impact from the COVID-19 pandemic.
