Wendy's Mixed Q3: EPS Outlook Narrows Despite Revenue Beats, Sales Growth
Wendy's Mixed Q3: EPS Outlook Narrows Despite Revenue Beats, Sales Growth
The Wendy's Co (NASDAQ:WEN) shares are trading lower after the company reported third-quarter 2024 revenue growth of 2.9% year-over-year to $566.7 million, beating the analyst consensus estimate of $560.75 million.
温蒂汉堡公司（纳斯达克：WEN）股价下跌，因公司报告2024年第三季度营业收入增长2.9%，达到56670万美元，超过分析师一致预期的56075万美元。
- Adjusted revenues increased 0.5% to $443.6 million. Systemwide sales in the U.S. rose 0.9%, and International increased 7.7%.
- Global same-restaurant sales growth was 0.2%. U.S. company-operated restaurant margin was 15.6% (flat year-on-year).
- Wendy's strengthened its "digital and loyalty platforms," CEO Kirk Tanner said.
- Operating profit for the quarter declined 6.8% year over year to $94.7 million. Adjusted EBITDA was $135.2 million versus $139.2 million year over year.
- Operating profit decreased due to increased breakfast advertising costs, higher depreciation, and higher general and administrative expenses.
- Adjusted EPS of 25 cents in line with the consensus estimate.
- As of June, the company held $482.2 million in cash, cash equivalents, and restricted cash of $35.180 million.
- Operating cash flow for the nine months totaled $286.7 million, with a free cash flow of $234.1 million.
- 调整后的营业收入增长0.5%，达到44360万美元。美国系统范围内的销售额增长了0.9%，国际销售增长了7.7%。
- 全球同店销售增长率为0.2%。美国公司经营的餐厅利润率为15.6%（同比持平）。
- 温蒂汉堡加强了其"数字化和忠诚计划"，首席执行官柯克·坦纳表示。
- 该季度营业利润同比下降了6.8%，达到9470万美元。调整后的EBITDA为13520万美元，低于去年的13920万美元。
- 营业利润下降是由于早餐广告成本上升、折旧费用增加以及一般和管理费用增加所致。
- 每股收益为25美分，符合市场预期。
- 截至六月，该公司持有48220万美元的现金、现金等价物和3518万美元的限制性现金。
- 前九个月的营业现金流总额为28670万元，自由现金流为23410万元。
Buyback: In the third quarter of 2024, the company repurchased 1.5 million shares for $25.2 million and 0.2 million shares for $2.7 million through Oct. 24. Approximately $247.7 million remains available as of October 24 under the company's existing share repurchase authorization that expires in February 2027.
回购：在2024年第三季度，该公司以2520万美元回购150万股，在10月24日前以270万美元回购20万股。截至10月24日，该公司现有的股票回购授权期限至2027年2月，剩余可用金额约为24770万元。
Dividend: The company declared its regular quarterly cash dividend of 25 cents per share, payable on December 16, to shareholders of record as of Dec. 2.
股息：公司宣布每股25美分的常规季度现金股息，将于12月16日支付给截至12月2日的股东。
2024 Outlook: Wendy's now expects adjusted EPS of $0.99-$1.01 (vs. $0.99 Estimate) compared to the prior view of $0.98-$1.02.
2024年展望：温蒂现在预计调整后的每股收益为0.99美元至1.01美元（预估为0.99美元），而之前的预期为0.98美元至1.02美元。
The company continues to see adjusted EBITDA of $535 million-$545 million.
该公司继续预计调整后的EBITDA为53500万至54500万美元。
WEN now sees Global systemwide sales growth of 3% (vs. 3% to 5% earlier) and reiterated guidance for cash flows from operations of $365 million to $385 million, and free cash flow of $275 million to $285 million.
温蒂现在预计全球系统范围内销售增长为3%（较之前的3%-5%），并重申运营现金流量为36500万至38500万美元，自由现金流为27500万至28500万美元的指引。
Investors can gain exposure to the stock via VictoryShares US Small Cap High Div Volatility Wtd ETF (NASDAQ:CSB) and ETC 6 Meridian Low Beta Equity ETF (NYSE:SIXL).
投资者可以通过VictoryShares US Small Cap High Div Volatility Wtd ETF（纳斯达克代码：CSB）和ETC 6 Meridian Low Beta Equity ETF（纽交所代码：SIXL）来获取该股份的暴露。
Price Action: Wendy's shares are down 4.43% at $19.41 at the last check Thursday.
股价表现：截至上周四最后一次查询，温蒂汉堡的股价下跌4.43%，为19.41美元。
- Wendy's Is Ready, Kids (And Adults): SpongeBob SquarePants Collaboration Includes Pineapple Frosty, Krabby Patty Burgers
- 温蒂汉堡准备好了，孩子们（和成年人）：海绵宝宝合作包括菠萝霜冻、蟹黄堡包。
Image: Shutterstock
图片：shutterstock
