Wendy’s reports $566.7M in Q3 revenue amid flat U.S. margins

The Wendy’s Company (NASDAQ:WEN) has published its third-quarter fiscal results for the period ending September 29, 2024.

Wendy’s recorded global systemwide sales growth of 1.8%, alongside stable margins in U.S. company-operated restaurants, which held steady at 15.6%.

During the quarter, the company achieved total revenues of $566.7 million, marking a 2.9% year-over-year increase.

Adjusted EBITDA for the quarter came in at $135.2 million, a slight decrease from the $139.2 million reported in the third quarter of 2023. 

Wendy’s also announced a regular quarterly cash dividend of $0.25 per share, payable to shareholders on December 16, 2024.

In addition, the company repurchased 1.5 million shares for a total of $25.2 million during the quarter.

Looking ahead, Wendy’s forecasts global systemwide sales growth of approximately 3% for the full fiscal year.

The company also anticipates adjusted earnings per share for 2024 to fall within the range of $0.99 to $1.01.