earnings
confidence medium
sentiment positive
materiality 0.50
Wendy's Q1 2022: over 90 new units, digital mix >10%, same-restaurant sales up double digits on 2-year basis
Wendy's Co
2022-Q1 EPS reported
$0.17
revenue$488,643,000
- Over 90 new restaurant openings in Q1 2022; on track for 5-6% net unit growth for full year.
- Global same-restaurant sales up double digits on a two-year basis; digital sales mix exceeded 10%.
- CEO cites robust AUV and sales increases; company strengthened balance sheet with recent debt raise.
- Virtual Investor Day scheduled for June 9, 2022.