$WEN (The Wendy's Company)

$WEN {{ '2016-05-26T13:09:41+0000' | timeago}} • Announcement

$WEN said Bob Wright, EVP and Chief Operations Officer, will assume leadership responsibilities for the International division on May 30 in addition to his current responsibilities. Wright has been working closely with the International team and franchisees over the past several months.

$WEN {{ '2017-07-20T13:29:38+0000' | timeago}} • Announcement

$WEN's BoD on July 19 lifted the size of the Board from 11 to 12 members and elected Kristin Dolan to serve as a director of the company, effective immediately. Most recently, she served as COO, a role in which Dolan led all aspects of the company's cable operations.

$PZZA {{ '2017-05-31T16:07:54+0000' | timeago}} • Announcement

$PZZA appointed Brandon Rhoten as Global Chief Marketing Officer. Rhoten joins $PZZA after most recently serving as VP of Advertising, Media and Digital/Social at $WEN. Rhoten will oversee all domestic and international marketing efforts for the brand and report to $PZZA's COO Steve Ritchie.

$WEN {{ '2017-05-10T15:16:56+0000' | timeago}} • Webcast

$WEN stated that the comps on the international business in 1Q17 were driven primarily by the net new development in the system revenue growth. Also, 1Q17 company comps in North America on same restaurant sales grew 0.8%. However, on a two-year basis, company grew 5.6% better than the total system.

$WEN {{ '2017-05-10T15:03:25+0000' | timeago}} • Webcast

$WEN said that on the increase in adjusted EBITDA guidance, it had some headwinds because restaurant margins came down. The company also had two tailwinds; the incremental 75 Buy and Flips and the guiding to the low end of the G&A guidance. Adding the headwinds and tailwinds gave $WEN the visibility to increase the adjusted EBITDA guidance.

$WEN {{ '2017-05-10T14:43:04+0000' | timeago}} • Webcast

On international, $WEN said that it is in the early stages of its focus strategy. Additionally, the company added that Japan is driving a lot of the net new development, with 14 restaurants opened in Japan. $WEN believes it can do 15 plus in a calendar year on the conversions of Wendy's First Kitchen. $WEN is also seeing new openings in Indonesia.

$WEN {{ '2017-05-10T13:00:56+0000' | timeago}} • Infographic

$WEN The Wendy's Company Earnings AlphaGraphics: Q1 2017 highlights

$WEN {{ '2017-05-10T12:29:26+0000' | timeago}} • Announcement

By the end of 2020, $WEN still sees global systemwide sales (in constant currency and excluding Venezuela) of about $12Bil, global restaurant count of about 7,500, global Image Activation of at least 70%, adjusted EBITDA margin of 38-40% and free cash flow of about $275MM (capital expenditures of about $65MM).

$WEN {{ '2017-05-10T12:26:36+0000' | timeago}} • Announcement

$WEN still expects 2017 adjusted EPS of about $0.45-0.47, an increase of about 13-18% compared to 2016. $WEN still sees interest expense of about $115MM, depreciation and amortization expense of about $120MM, capital expenditures of about $80-90MM, free cash flow of about $160-185MM and adjusted tax rate of about 32-34%.

$WEN {{ '2017-05-10T12:18:38+0000' | timeago}} • Announcement

$WEN now expects 2017 adjusted EBITDA of about $400-406MM, an increase of about 2-4% compared to 2016, and company-operated restaurant margin of about 18.5%. The company now sees 2017 commodity cost inflation of about 1.5-2% and general and administrative expense at the low end of its prior range of about $210-220MM.

$WEN {{ '2017-05-10T12:16:21+0000' | timeago}} • Announcement

$WEN's BoD declared a regular quarterly cash dividend of $0.07 per share. The dividend is payable on June 15, 2017 to shareholders of record as of June 1, 2017. The number of common shares outstanding as of May 4, 2017 was 245.5MM.

$WEN {{ '2017-05-10T12:13:00+0000' | timeago}} • Announcement

$WEN reported a decline in 1Q17 earnings due to fewer sales at company operated restaurants. Net income fell to $22.34MM from $25.36MM last year, while EPS remained unchanged at $0.09 on lower number of shares outstanding. Revenue dropped to $285.82MM from $378.79MM. Adjusted EPS declined to $0.09 from $0.11.

$WEN {{ '2017-02-16T15:45:35+0000' | timeago}} • Announcement

By the end of 2020, $WEN now expects to achieve global restaurant sales (in constant currency and excluding Venezuela) of about $12Bil, global restaurant count of about 7,500 and Global Image Activation of at least 70%. The company now sees adjusted EBITDA margin of 38-40% and free cash flow of about $275MM.

$WEN {{ '2017-02-16T15:43:40+0000' | timeago}} • Announcement

$WEN expects 2017 cash flow from operations of about $240-275MM, capital expenditures of about $80-90MM, free cash flow of about $160-185MM, and adjusted tax rate of about 32-34%. $WEN sees general and administrative expense of about $210-220MM, and depreciation and amortization expense of about $120MM.

$WEN {{ '2017-02-16T15:41:35+0000' | timeago}} • Announcement

$WEN expects 2017 adjusted EBITDA of about $396-404MM, an increase of about 1-3% compared to 2016. The company sees adjusted EPS of about $0.45-0.47, an increase of about 13-18% from 2016. Same-restaurant sales growth is expected to be about 2-3% for the North America system.

$WEN {{ '2017-02-16T15:39:53+0000' | timeago}} • Announcement

$WEN's BoD authorized a new share repurchase program for up to $150MM of the company's common stock through March 4, 2018. The company plans to repurchase shares with existing cash on its balance sheet and cash flow from operations.

$WEN {{ '2017-02-16T15:39:05+0000' | timeago}} • Announcement

$WEN's BoD has authorized an increase of 0.5 cents per share in its quarterly dividend rate. The new quarterly dividend rate of 7 cents per share will be effective with its next dividend payment on March 15, 2017 to shareholders of record as of March 1, 2017.

$WEN {{ '2017-02-16T15:38:04+0000' | timeago}} • Announcement

$WEN has completed its plan to reduce its company-operated restaurant ownership to about 5% of the total system. $WEN sold a total of 310 restaurants to franchisees during 2016, which is in addition to the 227 restaurants that were sold in 2H15. In total, third phase of system optimization generated pretax proceeds and fees of $435MM.

$WEN {{ '2017-02-16T15:36:31+0000' | timeago}} • Announcement

$WEN reported a decline in preliminary 4Q16 earnings as ownership of 522 fewer company-operated restaurants dragged revenue down. Net income fell to $28.9MM or $0.11 per share from $85.9MM or $0.31 per share last year. Revenue dropped to $309.9MM from $464.4MM. Adjusted EPS from continuing operations declined to $0.08 from $0.12.

$WEN {{ '2016-11-30T17:49:28+0000' | timeago}} • Announcement

$WEN said it joined EPA's ENERGY STAR program as an ENERGY STAR partner, through its voluntary partnership with the U.S. Environmental Protection Agency's ENERGY STAR Program. This is to improve energy efficiency through a strategic, corporate energy management program that will enhance the company's energy strategy.

$WEN {{ '2016-11-09T19:50:27+0000' | timeago}} • Webcast

$WEN said that on the cash balance required to run the company as a business, it needs about $150MM on the balance sheet. The company added that it has set aside about $100MM for international and about $50MM for North American operations.

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