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Earnings Whisper ®
2nd Quarter June 2023
Revenue: $566.57 Mil
7:00 AM ET
Wednesday, May 10, 2023
THE WENDY'S COMPANY REPORTS FIRST QUARTER 2023 RESULTS
What do you expect when WEN reports earnings?
Where is WEN's stock price going from here?
The Wendy's Company, the world's third-largest quick-service restaurant company, operates through Wendy's Restaurants, LLC, its subsidiary holding company. The fast-food chain through its subsidiary operates as a franchisor of the Wendy's restaurant system. Some significant changes in management & operations led to the combination of its Canadian business with its International segment and separating its real estate and development operations into its own segment. The company now operates under the following three segments, namely Wendy's U.S., Wendy's International and Global Real Estate & Development. It derives revenues from two principal sources: sales at company-operated restaurants and franchise-related revenues including royalties, national advertising funds contributions, rents and franchise fees received from Wendy's franchised restaurants.
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