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The Wendy’s Company is scheduled to report first-quarter earnings before the opening bell on Friday, May 8. Analysts expect the company to post quarterly earnings of 10 cents per share, down from 20 cents per share in the year-ago period.
For revenue, the consensus estimate calls for $518.4 million, compared with $523.47 million reported in the same quarter last year, according to Benzinga Pro.
Wendy’s has topped analyst estimates for revenue in five of the last 10 quarters, including the most recently reported fourth quarter. Ahead of the earnings release, the stock rose 4.5% to close at $6.95 on Thursday.
Recent analyst actions cited by Benzinga include the following:
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
