Wendy's Q1 Earnings Meet Estimates, Revenues Miss, Both Down Y/Y
The Wendy’s Company (WEN) reported first-quarter fiscal 2025 results, with earnings meeting the Zacks Consensus Estimate and revenues missing the same. On a year-over-year basis, both top and bottom lines declined.The quarterly results reflect a decline in global systemwide sales, mainly due to lower same-restaurant sales in the U.S. segment. The top line decreased due to lower company-operated restaurant sales, advertising fund revenues and a drop in franchise royalty revenues.However, the WEN stock gained ...