News Column

The Wendy's Company Reports First-Quarter 2014 Results

May 24, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- The Wendy's Company (NASDAQ: WEN) reported unaudited results for the first quarter ended March 30, 2014.

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"I'm pleased to report continued progress with Wendy's brand transformation," President and Chief Executive Officer Emil Brolick said. "Our Image Activation initiative is accelerating, bringing to life our 'A Cut Above' brand position for consumers in a powerful way. Our product initiatives are successfully leveraging our brand heritage of quality and innovation and are distinguishing Wendy's in the marketplace. With the implementation of mobile payment, we have taken another step to connect with millennial consumers. It is also very rewarding to be able to report solid results in the face of a tough winter and an intensely competitive market.

"Based on our results through early May, we are reaffirming our 2014 Adjusted EBITDA and Adjusted Earnings Per Share outlook," Brolick said. "We also remain confident in our long-term outlook, as momentum in our core business is strong and the economic foundation of our system optimization strategy is delivering positive results."

See "Disclosure Regarding Non-GAAP Financial Measures" below for a reconciliation of the non-GAAP measures included herein (i.e., Adjusted EBITDA and Adjusted Earnings Per Share).

Keywords for this news article include: Finance, The Wendy's Company.

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Source: Investment Weekly News


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