Wendy’s (NASDAQ:WEN) reported its Q1 earnings results on Wednesday, May 10, 2023 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Wendy’s beat estimated earnings by 5.0%, reporting an EPS of $0.21 versus an estimate of $0.2.
Revenue was up $40.16 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 1.04% increase in the share price the next day.
Here’s a look at Wendy’s’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.20 | 0.23 | 0.22 | 0.18 |
| EPS Actual | 0.22 | 0.24 | 0.24 | 0.17 |
| Revenue Estimate | 534.65M | 539.41M | 539.96M | 497.10M |
| Revenue Actual | 536.51M | 532.57M | 537.78M | 488.64M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Wendy’s management provided guidance for FY 2023, expecting earnings between $0.95 and $1.0 per share.
To track all earnings releases for Wendy’s visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
