Wendy's Company is a global fast-food restaurant chain known for its square-shaped burgers, fresh salads, and signature Frosty desserts
Founded in 1969, the company operates a network of both company-owned and franchised locations, emphasizing quality ingredients and customer satisfaction. With a focus on innovation and a modern dining experience, Wendy's continually updates its menu and embraces technology to enhance service, such as mobile ordering and delivery options. The brand is also committed to sustainability and corporate responsibility, addressing issues like food sourcing and environmental impact, while maintaining a strong presence in the competitive fast-food market.
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Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Wendy's (NASDAQWEN) and its peers.
Wendy's currently trades at $17.26 per share and has shown little upside over the past six months, posting a middling return of 2.4%. The stock also fell short of the S&P 500’s 11.9% gain during that period.
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Fast-food chain Wendy’s (NASDAQWEN) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 2.9% year on year to $566.7 million. Its non-GAAP profit of $0.25 per share wasin line with analysts’ consensus estimates.