Wendy’s Reports on Q2 FY 2019

08/08/2019

In a press release dated August 7th The Wendy's Company (WEN) announced results for the 2nd Quarter of Fiscal 2019 ending June 30 th

The following table summarizes the results for the period compared with the values for the corresponding quarter of the previous fiscal year (Values expressed as $ x 1,000 except EPS)

2nd Quarter Ending

June 30th 2019

July 1st 2018

Difference (%)

Sales, franchise fees and other income:

$435,348

$411,002

+5.9

Gross profit Company stores:

$29,958

$29,190

+2.6

Operating income:

$80,573

$71,483

+12.7

Pre-tax Income

Net Income

$45,739

$32,386

$42,264

$29,876

+8.2

+8.4

Diluted earnings per share:

$0.14

$0.12

+16.7

Gross Margin Company stores (%)

16.5

17.4

-5.1

Operating Margin (%)

18.5

17.4

+6.3

Profit Margin (%)

7.4

7.3

+1.4

Long-term Liabilities : June '19 / 'Dec '18

$3,671,226

$2,752,783

+33.4

12 Months Trailing:

     

Return on Assets (%)

3.6

   

Return on Equity (%)

85.5

   

Operating Margin (%)

20.5

   

Profit Margin (%)

-

   

Total Assets June '19 / 'Dec '18

$5,163,893

$4,292,035

 

Market Capitalization

$4,640,000

   

52-Week Range in Share Price: $14.96 to $20.15

Market Close Tuesday 6th $18.15. Close Wednesday 7th post-release $19.52

Forward P/E 26.1 Beta 0.6

WEN achieved 3.3 percent system wide sales growth with 10.0 percent international and 3.0 percent U.S.
In commenting on results Todd Penegor, president and CEO stated, "we delivered another quarter of strong earnings growth and are pleased with our continued progress to build an even stronger foundation for the Wendy's ® brand," He added "We are executing on our plan to accelerate same-restaurant sales in North America and drive global restaurant expansion, fueled by a healthy restaurant economic model. Our relentless focus on bringing every element of The Wendy's Way to life by providing food our customers love, friendly service, value, and an inviting atmosphere will continue to drive growth in the future."

Forward guidance for FY 2019 included:

System wide sales growth of 3 to 4 percent.

EPS growth of 3.5 to 7.0 percent






















































































































































































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