Wendy's (NASDAQ:WEN) reported its Q2 earnings results on Wednesday, August 10, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Earnings

Wendy's beat estimated earnings by 9.09%, reporting an EPS of $0.24 versus an estimate of $0.22.

Revenue was up $44.45 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.01 which was followed by a 7.0% increase in the share price the next day.

Here's a look at Wendy's's past performance:

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 2022, expecting earnings between $0.84 and $0.88 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.