Recap: Wendy's Q1 Earnings

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.

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.

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).

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.