"Wendy's shares rose on Friday after the fast-food giant reported stronger-than-expected quarterly earnings, beating analyst estimates despite poor U.S. store performance, with U.S. same-restaurant sales falling 7.8%. That slow but steady growth reflects the burger chain's effort to turn around sales by shedding low-performing American restaurants and improving menu quality. The plan comes amid an overall decline in fast-food store traffic, as Americans consumers grapple with higher prices and the cost of food and living soar."
""We are in the early innings of our turnaround," Cook told analysts on Friday's earnings call. In the earnings report, Wendy's shared that it had 5,979 U.S. restaurants at the beginning of Q4 2025, when it first announced its turnaround plan. By the end of Q1 2026, it had 5,805 restaurants-adding up to a net loss of 174 locations over those months."
"Wendy's quarterly revenue came in at $540.6 million, beating analyst estimates of $520.48 million, for a 3.3% increase from the same period last year. The company's adjusted earnings per share (EPS) came in at 12 cents, versus expectations of 10 cents. Shares in the Wendy's Company ( Nasdaq: WEN) rose over 4% in morning trading, and were up some 2% by midday on Friday at the time of this writing."
""We are taking decisive action to strengthen the Wendy's system and improve performance," interim CEO Ken Cook said in a statement. "While our first quarter results reflect a business in the early stages of a turnaround, we are making progress to improve our U.S. business and are confident in the direction we are heading." Cook said those improvements include a new Biggie platform, upgrading their premium hamburgers, and launchin"
Wendy’s reported stronger-than-expected quarterly earnings, with revenue of $540.6 million and adjusted EPS of 12 cents, both above analyst estimates. Shares rose more than 4% in morning trading and about 2% by midday. U.S. same-restaurant sales fell 7.8%, reflecting weak performance in the U.S. market. The company’s turnaround effort includes shedding low-performing American restaurants and improving menu quality. Wendy’s had 5,979 U.S. restaurants at the beginning of Q4 2025 and 5,805 by the end of Q1 2026, a net loss of 174 locations. The plan is occurring amid broader fast-food traffic declines driven by higher consumer prices and living costs.
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