WEN Stock – Wendy’s Shares Pops on Earnings News

Company says 2013 earnings will easily surpass 2012

   

WEN Stock – Wendy’s Shares Pops on Earnings News

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   Wendys 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/.

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