Yahoo Finance Live's Seana Smith checks up on several trending stocks making moves ahead of Friday's closing bell. Read More...
MarketWatch
Wendy’s stock climbs on upbeat fourth-quarter guidance, dividend hike
Wendy’s Co. shares rose 5% Friday, buoyed by upbeat fourth-quarter guidance and a dividend raise. The fast-food company reported preliminary fourth-quarter results early Friday, with revenue expected to be $536.5 million, up from $473.2 million in the year-ago quarter and above the FactSet consensus of $518 million. “During the year, global same-restaurant sales reached double digits on a two-year basis for the second consecutive year, Company restaurant margins expanded by almost 300 basis points in the fourth quarter versus the first quarter, and we opened over 275 restaurants across the globe,” Wendy’s CEO Todd Penegor said in a statement.
Add Comment