Wendy’s Q1 EPS of $0.23 and $590M Revenue Outperform on 6.5% Comps Gain
Wendy’s reported first-quarter earnings of $0.23 per share, beating consensus by $0.02, and generated $590 million in revenue, topping forecasts by $15 million. U.S. same-store sales climbed 6.5% year-over-year, driven by menu price increases and a 12% rise in digital orders.
1. Earnings Beat
'Wendy’s delivered Q1 earnings of $0.23 per share, surpassing analyst expectations by $0.02, on revenue of $590 million, $15 million above consensus. The results reflect stronger menu pricing and cost control across corporate and franchise operations.
2. Sales Growth Drivers
Comparable restaurant sales rose 6.5% in the U.S., with menu price increases contributing 4.0 percentage points and a 12% jump in digital orders further boosting traffic. International same-store sales rose 3.2%, led by promotional activities in key markets.
3. Outlook And Guidance
Management reaffirmed full-year adjusted EPS guidance of $1.00–$1.05 and anticipates mid-single-digit systemwide sales growth for Q2, supported by new menu launches and expanding delivery partnerships. Operating margin is projected to improve by 50–75 basis points in the back half.