viewThe Wendy's Company

Wendy's tops 3Q estimates, but misses on same-store sales

The fast food chain’s same-restaurant sales in North America fell 0.2% in the quarter

Wendy's logo
Wendy’s offered several promotions, including its “4 for $4” meal deal

The Wendy’s Company (NASDAQ:WEN) shares slipped after third-quarter same-store sales in North America missed Wall Street estimates.

The fast food chain reported earnings of $0.17 per share on revenue of $400.6 million compared with $0.09 EPS on revenue of $308 million in the previous year’s third quarter.

READ: Turtle Beach tops 3Q revenue and raises full-year outlook, but an earnings miss sinks shares

The Ohio-based company beat Wall Street estimates of $0.15 EPS on revenue of $405.36 million.

Shares of Wendy’s sank nearly 6% to $16.06 in Tuesday after-hours trading.

The chain offered several promotions, including a and Frosty desserts for $0.50, but it struggled in the face of growing fast food competition from the likes of McDonald’s Corporation (NYSE:MCD) and Taco Bell.

Same-restaurant sales in North America fell 0.2% in the quarter while analysts had expected same-store sales to rise 1.84%.

For the full-year, Wendy’s is expecting earnings between $0.56 per share and $0.58 per share.


Contact Lenore Fedow at [email protected]

Follow her on Twitter@LenoreMariee



Quick facts: The Wendy's Company

Price: 21.96 USD

Market: NASDAQ
Market Cap: $4.89 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Legend Mining's Mark Wilson hails best results to date at Mawson and updates...

Legend Mining Limited's (ASX:LEG) Mark Wilson tells Proactive's Andrew Scott they've hit their best result yet at Mawson from hole 18 - an intersection of 4.5 metres at 3.05% nickel, 2.32% copper and 0.19% cobalt the best grades to date. Wilson adds that they recently received strong support...

3 hours, 45 minutes ago

2 min read