Recap: Wendy's Q1 Earnings

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Wendy's 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.

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