Wendy’s Reports Modest Revenue Growth in Q3 2024

Wendy’s Company ( (WEN) ) has released its Q3 earnings. Here is a breakdown of the information Wendy’s Company presented to its investors.

Wendy’s Company, a prominent player in the quick-service restaurant industry, is renowned for its fresh, made-to-order square hamburgers, salads, and signature items like the Frosty dessert, and operates over 7,000 restaurants globally. In its third-quarter earnings report for 2024, Wendy’s announced a modest increase in total revenues to $566.7 million, with a notable emphasis on digital and loyalty platforms as well as growth in breakfast and late-night segments. Despite a challenging sales environment, Wendy’s managed to maintain systemwide sales in the U.S. but experienced a decline in net income to $50.2 million and a dip in adjusted earnings per share to $0.25, attributed to increased breakfast advertising investments and higher administrative costs. Looking ahead, Wendy’s management remains optimistic, aiming for a global systemwide sales growth of approximately 3% and adjusted earnings per share between $0.99 to $1.01 for the full year 2024.