WEN Stock – Wendy’s Shares Pops on Earnings News

Company says 2013 earnings will easily surpass 2012

   

Wendy’s (WEN) announced that its 2013 profits will easily beat its 2012 figures as WEN stock is up over 6% Monday morning.

Restaurant Fast Food Wendys 300x199 WEN Stock   Wendy's Shares Pops on Earnings NewsThe fast food chain said that it will return close to 50% of its balance sheet cash to shareholders. Wendy’s will being a ‘Dutch Auction’ to rebuy up to $275 million in common stock for between $8.50 and $9.25 a share.

The company reported preliminary 2013 same-store sale gains of 1.9% with revenue down to $2.87 billion. Wendy’s fourth-quarter sales totaled $592.4 million which is below the $629.9 million in 2012.

WEN stock is up 6.46% in early trading Monday.


Article printed from InvestorPlace Media, http://investorplace.com/2014/01/wen-stock-wendys/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.