WEN - Fast Food Chain Wendy's Misses On Topline: Holds On To Long-Term Outlook Amid Expanding Pipeline | Benzinga

Wendy's Company (NASDAQ: WEN) reported third-quarter FY23 sales growth of 3.4% year-on-year to $550.60 million, missing the analyst consensus estimate of $555.19 million.

Adjusted revenues increased 2.9% to $441.6 million. Systemwide sales in the U.S. rose 3.6%, and International increased 13.6%.

Global same-restaurant sales growth was 2.8%. U.S. company-operated restaurant margin was 15.6% versus 14.8% a year ago.

Operating margin was 18.5%, and operating income for the quarter rose 3.6% Y/Y to $101.6 million.

Adjusted EBITDA increased 3.5% Y/Y to $139.2 million. Adjusted EPS of $0.27 Full story available on Benzinga.com