Wendy's No Longer Expects Sales to Grow This Year
Wendy's cut its sales and profit outlook for the year, citing trend shifts in the current consumer environment.
The burger chain said Friday that it now expects 2025 sales to be flat with last year's total at best, and for the figure to potentially fall up to 2%. Back in March, the company reaffirmed guidance for sales to rise 2% to 3% this year.
The Dublin, Ohio, company also said it now expects full-year adjusted earnings of 92 cents to 98 cents a share, instead of 98 cents to $1.02 a share as previously projected.
The downshift came as Wendy's posted a first-quarter profit of $39.2 million, or 19 cents a share, compared with $42 million, or 20 cents a share, in the same quarter a year earlier...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.