FX.co ★ The Wendy's Company Q2 Profit Decreases, Misses Estimates

The Wendy's Company (WEN) has reported a decline in profit for the second quarter compared to the same period last year, failing to meet Wall Street's expectations.

Net income for the company amounted to $54.64 million, or $0.27 per share, down from $59.63 million, or $0.28 per share, in the second quarter of the previous year.

When excluding special items, Wendy's posted adjusted earnings of $56.65 million, or $0.27 per share, for the quarter.

Analysts, as compiled by Thomson Reuters, had forecasted earnings of $0.28 per share on average. It's important to note that these estimates typically exclude special items.

Revenue for the quarter increased by 1.6%, reaching $570.73 million from last year's $561.57 million.

A summary of The Wendy's Company earnings for the second quarter under Generally Accepted Accounting Principles (GAAP):

- Earnings (Q2): $54.64 million, compared to $59.63 million last year.

- Earnings Per Share (EPS, Q2): $0.27, compared to $0.28 last year.

- Revenue (Q2): $570.73 million, compared to $561.57 million last year.

Guidance for the full year is projected to have an EPS between $0.98 and $1.02 per share.