WEN Stock – Wendy’s Shares Pops on Earnings News

by Karl Utermohlen | January 13, 2014 12:22 pm

WEN Stock – Wendy’s Shares Pops on Earnings News

Wendy’s (WEN[1]) 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 News[2]The fast food chain said that it will return close to 50% of its balance sheet cash to shareholders[3]. 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.

Endnotes:
  1. WEN: http://studio-5.financialcontent.com/investplace/quote?Symbol=WEN
  2. [Image]: http://investorplace.com/wp-content/uploads/2011/05/Restaurant-Fast-Food-Wendys.jpg
  3. balance sheet cash to shareholders: http://www.forbes.com/sites/samanthasharf/2014/01/13/wendys-annouces-plans-to-return-cash-to-shareholders-better-than-expected-preliminary-earnings/

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