- Previous Close
17.29 - Open
17.40 - Bid 17.63 x 800
- Ask 17.69 x 1500
- Day's Range
17.36 - 17.75 - 52 Week Range
15.62 - 20.65 - Volume
2,498,220 - Avg. Volume
3,413,200 - Market Cap (intraday)
3.583B - Beta (5Y Monthly) 0.80
- PE Ratio (TTM)
17.99 - EPS (TTM)
0.98 - Earnings Date Oct 31, 2024 - Nov 4, 2024
- Forward Dividend & Yield 1.00 (5.67%)
- Ex-Dividend Date Sep 3, 2024
- 1y Target Est
19.09
The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. It owns and leases real estate properties. The company was formerly known as Wendy's/Arby's Group, Inc. and changed its name to The Wendy's Company in July 2011. The Wendy's Company was founded in 1969 and is headquartered in Dublin, Ohio.
www.wendys.com5,100
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
Recent News: WEN
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Trailing total returns as of 10/4/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: WEN
View MoreValuation Measures
Market Cap
3.59B
Enterprise Value
7.23B
Trailing P/E
18.01
Forward P/E
16.42
PEG Ratio (5yr expected)
1.73
Price/Sales (ttm)
1.67
Price/Book (mrq)
13.10
Enterprise Value/Revenue
3.29
Enterprise Value/EBITDA
12.95
Financial Highlights
Profitability and Income Statement
Profit Margin
9.18%
Return on Assets (ttm)
4.43%
Return on Equity (ttm)
60.65%
Revenue (ttm)
2.2B
Net Income Avi to Common (ttm)
201.62M
Diluted EPS (ttm)
0.98
Balance Sheet and Cash Flow
Total Cash (mrq)
465.49M
Total Debt/Equity (mrq)
1,499.05%
Levered Free Cash Flow (ttm)
215.37M
Research Analysis: WEN
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Research Reports: WEN
View MoreWendy's Defends Share With Breakfast, Digital Investments but Lacks Catalyst for Accelerating Growth
The Wendy’s Company is the second-largest burger quick-service restaurant, or QSR, chain in the United States by systemwide sales, with $12.3 billion in 2023, narrowly edging Burger King ($11.5 billion) and clocking in well behind wide-moat McDonald’s ($53.1 billion). After divestitures of Tim Hortons (2006) and Arby’s (2011), the firm manages just the burger banner, generating sales across a footprint that spanned almost 7,157 total stores in 30 countries as of year-end 2023. Wendy’s generates revenue from the sale of hamburgers, chicken sandwiches, salads, and fries throughout its company-owned footprint, through franchise royalty and marketing fund payments remitted by its franchisees, which account for 94% of stores, and through franchise flipping and advisory fees.
RatingPrice TargetMaintaining BUY on attractive valuation and high dividend yield
Wendy's operates quick-service restaurants, with approximately 6,500 franchised and company-owned restaurants in the U.S. and 30 other countries. With a market cap of approximately $3.9 billion, the shares are generally considered mid-cap growth. In February 2024, Kirk Tanner began as CEO and president; he had worked for PepsiCo Inc. for decades, with experience in both the company's food and beverage businesses.
RatingPrice TargetMonday Tee Up: Rate Cut Odds Go Up This week, Wall Street will focus on
Monday Tee Up: Rate Cut Odds Go Up This week, Wall Street will focus on earnings reports, the health of the U.S. economy, and when (and by how much) the Fed will cut interest rates. Odds of a 50-basis-point (bps) cut at the next rate meeting in September have spiked. This follows the weaker-than-expected jobs report from last week. The Dow Jones Industrial Average ended last week down 2.1%, the S&P 500 lost 2.1%, and the Nasdaq fell 3.4%. Year to date, the Dow is higher by 5% and both the S&P 500 and the Nasdaq are up 12%. On the economic calendar, the schedule is light this week. On Tuesday, the U.S. Trade Deficit will be reported. On Wednesday, Consumer Credit hits the tape. On the earnings calendar, Tyson Foods reports on Monday. On Tuesday, Airbnb, Uber, Yum! Brands, Caterpillar, Amgen, and Duke Energy. On Wednesday, Disney, CVS Health, Hilton, and McKesson. On Thursday, Eli Lilly, Paramount Global, Expedia, and Take-Two Interactive. And on Friday, AMC Networks. Earnings have been coming in 12.9% higher this quarter than a year ago. Some 75% of S&P 500 companies have reported so far. Expectations are for 8%-12% earnings growth for 2Q. This follows 8% growth in 1Q and 10% in 4Q23. At Argus, we forecast EPS growth for all of 2024 at 8%-9%. Last week, the Federal Reserve left interest rates unchanged, as expected. But that decision and Chairman Powell's press conference were completely overshadowed by the subsequent July jobs report. Nonfarm Payrolls surprised on the downside at 114, 000 new jobs, compared to a revised-lower 179,000 the in June. The Unemployment Rate surprised to the upside, hitting 4.3% for July versus the expected 4.1%. This prompted worries that the labor market is cooling too quickly, and speculation that the Fed has waited too long to cut interest rates -- possibly imperiling a desired soft landing. Mortgage rates fell to 6.73% for the average 30-year fixed-rate mortgage. Gas prices went up a penny, to $3.48 per gallon for the average price of regular gas. The Atlanta Fed GDPNow indicator is forecasting for 3Q and calls for expansion of 2.5%. The Cleveland Fed CPINow indicator forecasts 3.01% for July CPI. Looking ahead, the next Fed rate decision is on September 18, with odds at 100% for a rate cut. Of that, 20% expect a 25-bps cut, which compares to 88% last week before the jobs number came out. But of greater interest is that the odds are now at 80% that there will be a 50-bps cut (compared to 11% who felt that way last week). There are two more Fed rate meetings this year, on November 7 (two days after the U.S. presidential election) and December 18. We are standing by our call that the Fed will cut interest rates twice this year and twice in 2025.
Wendy's Defends Share With Breakfast, Digital Investments but Lacks Catalyst for Accelerating Growth
The Wendy’s Company is the second-largest burger quick-service restaurant, or QSR, chain in the United States by systemwide sales, with $12.3 billion in 2023, narrowly edging Burger King ($11.5 billion) and clocking in well behind wide-moat McDonald’s ($53.1 billion). After divestitures of Tim Hortons (2006) and Arby’s (2011), the firm manages just the burger banner, generating sales across a footprint that spanned almost 7,157 total stores in 30 countries as of year-end 2023. Wendy’s generates revenue from the sale of hamburgers, chicken sandwiches, salads, and fries throughout its company-owned footprint, through franchise royalty and marketing fund payments remitted by its franchisees, which account for 94% of stores, and through franchise flipping and advisory fees.
RatingPrice Target