WEN - The Wendy's Company (WEN) Q1 2024 Earnings Call Transcript
2024-05-02 12:02:20 ET
The Wendy's Company (WEN)
Q1 2024 Earnings Conference Call
May 02, 2024 08:30 AM ET
Company Participants
Conference Call Participants
Kelsey Freed - Director of Investor Relations
Kirk Tanner - President and Chief Executive Officer
Gunther Plosch - Chief Financial Officer
Presentation
Brian Bittner - Oppenheimer
Jeffrey Bernstein - Barclays
Brian Harbour - Morgan Stanley
David Palmer - Evercore ISI
Danilo Gargiulo - Bernstein
Alexander Slagle - Jefferies
Eric Gonzalez - KeyBanc Capital Markets
Dennis Geiger - UBS
Gregory Francfort - Guggenheim Securities
Lauren Silberman - Deutsche Bank
Jared Hludzinski - BMO Capital Markets
Sara Senatore - Bank of America
John Ivankoe - JPMorgan
Operator
Good morning. Welcome to The Wendy's Company Earnings Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you. Kelsey Freed, Director of Investor Relations, you may begin your conference.
Kelsey Freed
Thank you, and good morning, everyone. Today's conference call and webcast includes a PowerPoint presentation, which is available on our Investor Relations website, irwendys.com. Before we begin, please take note of the safe harbor statement that appears at the end of our earnings release. This disclosure reminds investors that certain information we may discuss today is forward-looking. Various factors could affect our results and cause those results to differ materially from the projections set forth in our forward-looking statements. Also, some of today's comments will reference non-GAAP financial measures. Investors should refer to our reconciliations of non-GAAP financial measures to the most directly comparable GAAP measure at the end of this presentation or in our earnings release.
On our conference call today, our President and Chief Executive Officer, Kirk Tanner will give a business update and our Chief Financial Officer, Gunther Plosch will provide a franchise health update, review our first quarter results and share our reaffirmed outlook. From there, we will open up the line for questions. And with that, I'll hand things over to Kirk.
Kirk Tanner
Thanks, Kelsey, and good morning, everyone. The momentum we built across our business in the first quarter puts us on track to achieve our 2024 commitments and on path towards unlocking our full potential. But before we dive into the results, I wanted to share some of my thoughts on the business now that I'm almost three months in. The things that brought me to Wendy's still ring true. We have an amazing brand, the highest quality food in QSR and a great foundation for growth.
And after spending time learning from our restaurant support team, listening to our franchisees and customers and working alongside our crew members, I'm even more fired up about the momentum we're building here at Wendy's. As I continue to immerse myself in the business, there's one thing I know for certain. The experience we deliver to our customers is the most impactful driver of our business. I've now had a chance to see that firsthand in so many ways, from working in our restaurants to our incredible activation at the Final Four....
The Wendy's Company (WEN) Q1 2024 Earnings Call Transcript