FINWIRES · TerminalLIVE
FINWIRES

$WEN

35 stories mentioning WENUpdated 16d ago

Every FINWIRES story that references WEN, newest first.

What are analysts saying about WEN?

Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.

What's the latest news on WEN?

Restaurant Traffic Likely to Stay Stable in Second Half After Depressed Quarterly Trends, UBS Says
US Markets

Restaurant Traffic Likely to Stay Stable in Second Half After Depressed Quarterly Trends, UBS Says

Traffic at US restaurants remained depressed in the second quarter amid a difficult consumer environment, though there are signs that point to a stable performance in the second half, UBS Securities said in a note sent Friday.Restaurants reported "solid" comparable sales in the quarter, with growth accelerating to 1.7% from 1.1% in the first quarter, UBS analyst Dennis Geiger wrote. But that was driven by a sequential improvement in the amount spent by consumers even as traffic fell 1.9%, Geiger said.The traffic weakness came despite a boost from the US co-hosting the FIFA Men's World Cup, UBS said.Restaurant demand remained pressured by affordability challenges amid high gas prices, according to Geiger, who recently attended a quarterly webinar hosted by restaurant industry data and market insights provider Black Box Intelligence."BBI believes (same-store sales) stability in recent months is likely driven by consumers protecting restaurant spending and improved consumer sentiment in June, (with) declining recession odds supporting expectations for stable (second-half) sales and traffic performance," Geiger wrote.Earlier this month, Restaurant Brands International (QSR) reported better-than-expected second-quarter earnings amid strong comparable sales growth at Burger King. McDonald's (MCD) second-quarter revenue fell short of market expectations as comparable sales growth in the US slowed on an annual basis. Wendy's (WEN) second-quarter earnings fell year over year amid weak traffic trends.Upscale casual restaurants led the industry in the second quarter, delivering 3.2% same-store sales growth even as traffic slipped 0.2%, according to UBS. Casual dining logged a 2.3% increase in sales and a 0.9% drop in traffic. The quick service and fast-casual segments also saw sales growth despite lower traffic, while family dining reported declines in both.The impact of high gas prices is still the most pressing concern for the restaurant industry."Elevated gas prices continue to pressure an already stressed consumer, (with) dining-out habits changing after prices surpassed the $3.50 (per) gallon threshold in early March," the UBS said.US retail gasoline prices averaged $4.0898 per gallon Friday, compared with $3.2103 a year ago, according to AAA motor club data.US consumer sentiment dropped in August amid concerns that inflation will continue to be high for the "foreseeable future," final results of a University of Michigan survey showed Friday.Price: $78.20, Change: $+0.13, Percent Change: +0.17%

$MCD$QSR$WEN
Sectors

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Wednesday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 1%.In corporate news, Brinker International (EAT) shares jumped 11% after the company provided an upbeat fiscal 2027 financial guidance at the midpoint, confident that its Chili's brand will sustain the growth momentum that drove strong Q4 results.Uber (UBER) is working on a rides option for children 10 to 12 years old, Bloomberg reported Wednesday, citing publicly available code from the latest version of Uber's iOS app. Uber shares were down 3.4%.Home Depot (HD) said CEO Ted Decker is taking a temporary medical leave of absence and is expected to return within the next few months. Senior Executive Vice President Ann-Marie Campbell and Chief Financial Officer Richard McPhail will oversee the operations of the office of the CEO during Decker's absence. Home Depot shares fell 2.7%.Nelson Peltz's Trian Fund Management is building a consortium of investors for a take-private bid for Wendy's (WEN), the Financial Times reported. The consortium, which may include Flynn Group and BlueFive, may submit its bid in the coming weeks, the report said. Wendy's shares jumped past 13%.

$EAT$HD$UBER$WEN
Sectors

Sector Update: Consumer Stocks Mixed Wednesday Afternoon

Consumer stocks were mixed Wednesday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 1%.In corporate news, Home Depot (HD) said CEO Ted Decker is taking a temporary medical leave of absence and is expected to return within the next few months. Senior Executive Vice President Ann-Marie Campbell and Chief Financial Officer Richard McPhail will oversee the operations of the office of the CEO during Decker's absence. Home Depot shares fell 2.8%.Nelson Peltz's Trian Fund Management is building a consortium of investors for a take-private bid for Wendy's (WEN), the Financial Times reported. The consortium, which may include Flynn Group and BlueFive, may submit its bid in the coming weeks, the report said. Wendy's shares jumped 13%.President Donald Trump was sued by The Intercept and the Freedom of the Press Foundation over Trump Media & Technology's (DJT) plan to charge as much as $100,000 per month for early access to his social media posts, The Intercept reported. Trump Media shares fell 6.2%.

$DJT$HD$WEN
Wire

Update: Market Chatter: Wendy's Take-Private Bid Could Come From Peltz-Backed Consortium

(Update with Wendy's and Trian Fund Management's response to requests for comment in the final two paragraphs.)Nelson Peltz's Trian Fund Management is building a consortium of investors for a take-private bid for Wendy's (WEN), the Financial Times reported Wednesday, citing people familiar with the matter.The consortium, which may include Flynn Group and BlueFive, could submit its bid in the coming weeks, the report said, citing the people."The Wendy's Company's would thoroughly review any proposal submitted by Trian consistent with its fiduciary duties," Wendy's told. "The Board, together with the management team, regularly reviews the Company's strategic priorities and opportunities with the goal of maximizing value for all shareholders."Trian declined to comment to.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $8.62, Change: $+1.07, Percent Change: +14.12%

$WEN
Wire

Market Chatter: Wendy's Take-Private Bid Could Come From Peltz-Backed Consortium

Nelson Peltz's Trian Fund Management is building a consortium of investors for a take-private bid for Wendy's (WEN), the Financial Times reported Wednesday, citing people familiar with the matter.The consortium, which may include Flynn Group and BlueFive, could submit its bid in the coming weeks, the report said, citing the people.Wendy's and Trian didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $8.45, Change: $+0.90, Percent Change: +11.85%

$WEN
Wire

Wendy's a Potential Take-Private Target for Peltz's Trian, Financial Times Reports

Wendy's a Potential Take-Private Target for Peltz's Trian, Financial Times Reports

$WEN
Wire

Wendy's Faces Growth Challenges Amid Turnaround Plan, RBC Says

Wendy's Company (WEN) is faced with continued growth challenges as new management lays out a turnaround strategy, RBC Capital Markets said in a note Friday.The report said its Q2 print was challenging from a numbers perspective but the new management formulated its turnaround strategy which could shift the narrative more favorably.The note said US same-store sales missed in Q2 and soft traffic trends continued into Q3 as growth initiatives didn't drive noticeable acceleration, while Canada was also pressured."We're intrigued by a potential improvement but need to see evidence before we consider getting more constructive," it said. RBC kept its sector perform rating with $7.00 price target.Price: $7.31, Change: $-0.39, Percent Change: -5.01%

$WEN
Wire

Wendy's US Comps Remain Weak With Little Improvement Seen, Morgan Stanley Says

Wendy's (WEN) US same-store-sales growth remained weak in June, with trends likely to continue in July and management not expecting any improvement in H2, Morgan Stanley said in a note Friday.The investment firm said the management "reasonably" withdrew full-year guidance and new Chief Executive Bob Wright has identified the issues plaguing the company, including quality, value, operations and marketing, validating some of Morgan Stanley's prior cautious views.Addressing these issues could be a meaningful mover for the stock, according to the note. The five key areas targeted under a turnaround plan include improving food quality while providing value, revamping branding and marketing, enhancing operations for customer satisfaction, improving digital tools, and aiming for unit growth and domestic expansion.For the rest of the year, US same-store-sales growth is expected to be similar to H1, though this may be conservative, particularly in Q4, Morgan Stanley said. Wendy's also lowered its dividend to $0.07 for greater capital allocation flexibility, the firm added.Morgan Stanley kept an underweight rating on Wendy's and lowered its price target to $5.50 from $7.Shares of Wendy's were down 5% in Monday trading.Price: $7.31, Change: $-0.39, Percent Change: -5.01%

$WEN
Sectors

Sector Update: Consumer Stocks Advance Late Afternoon

Consumer stocks were higher late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.6%.In corporate news, Rockstar Energy founder Russ Savage now holds over 12 million shares of Celsius (CELH), or about 4.7% of the company, and he said the company's chief executive and chief operating officer "need to be fired," CNBC reported Friday, citing an interview with Savage. Celsius shares jumped past 15%.Airbnb's (ABNB) Q2 results topped Wall Street's estimates amid strong demand fueled by the FIFA World Cup. Its shares surged past 16%.Under Armour (UA) lowered its full-year revenue outlook on Friday amid weak demand in North America and Asia Pacific, while the sportswear maker's fiscal Q1 sales fell short of market estimates. Its shares dropped 4.2%.Wendy's (WEN) Q2 earnings fell year over year amid weak traffic trends, while the fast-food chain withdrew its full-year outlook as a new leadership team pursues a turnaround plan. Wendy's shares were up 3.4%.

$ABNB$CELH$UA$WEN
Sectors

Sector Update: Consumer Stocks Mixed Friday Afternoon

Consumer stocks were mixed Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.2%.In corporate news, Airbnb's (ABNB) Q2 results topped Wall Street's estimates amid strong demand fueled by the FIFA World Cup. Its shares jumped past 14%.Under Armour (UA) lowered its full-year revenue outlook on Friday amid weak demand in North America and Asia Pacific, while the sportswear maker's fiscal Q1 sales fell short of market estimates. Its shares dropped past 5%.Wendy's (WEN) Q2 earnings fell year over year amid weak traffic trends, while the fast-food chain withdrew its full-year outlook as a new leadership team pursues a turnaround plan. Wendy's shares were up 2.3%.

$ABNB$UA$WEN
Wendy's Earnings Fall Amid Traffic Headwinds; Fast-Food Chain Withdraws Outlook
US Markets

Wendy's Earnings Fall Amid Traffic Headwinds; Fast-Food Chain Withdraws Outlook

Wendy's (WEN) second-quarter earnings fell year over year amid weak traffic trends, while the fast-food chain withdrew its full-year outlook as a new leadership team pursues a turnaround plan.Wendy's adjusted EPS fell to $0.18 for the quarter ended Jun 28 from $0.29 a year earlier, but topped the FactSet-polled consensus of $0.16. Revenue increased 1.7% to $570.6 million, compared with the Street's estimate of $557.1 million.Global same-restaurant sales declined 6.3% year over year on a constant currency basis, compared with analysts' estimate that called for a 4.7% drop. The metric tumbled 7% in the US and was down 2.3% internationally. Systemwide sales fell 6.5% in the quarter, driven by weakness in the US."Our second-quarter performance fell short of prior expectations and reinforced the need for a thorough revision of the path forward," Chief Financial Officer Steve Cirulis said during the earnings call, according to a FactSet transcript. "Traffic in July was consistent with second quarter trends, and as a result, we expect continued traffic headwinds to impact our ability to return to year-over-year systemwide sales growth in either the third or fourth quarter."The company withdrew its full-year outlook and announced a dividend cut as its new management team formulates a turnaround plan. RBC Capital Markets anticipated an earnings guidance reduction and a dividend cut.Wendy's appointed Bob Wright as chief executive in May, while Cirulis joined in June."We are not performing at our potential," Wright said on the call. "Traffic is down. Our value proposition has slipped and franchisee economics are under pressure. That said, I've seen this brand at its best and I know we can fix these issues."Wendy's stock was up 1.3% in Friday trade, but has lost 10% so far this year.Trian Fund Management was seeking investor backing for a potential take-private bid for Wendy's, the Financial Times reported in May.Earlier in the week, Burger King parent Restaurant Brands International (QSR) reported better-than-expected second-quarter earnings, while McDonald's (MCD) posted mixed results.

$MCD$QSR$WEN
Sectors

Sector Update: Consumer Stocks Mixed Pre-Bell Friday

Consumer stocks were mixed pre-bell Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 1% higher.Spectrum Brands Holdings (SPB) was up more than 8% after the company posted higher fiscal Q3 adjusted earnings and net sales.Interface (TILE) shares were up more than 5% after the company reported higher fiscal Q2 adjusted earnings and net sales, and raised its fiscal 2026 net sales guidance.Wendy's (WEN) was down more than 2% after the company reported a decline in Q2 adjusted earnings, withdrew its 2026 outlook, and cut its dividend.

$SPB$TILE$WEN$XLP$XLY
Stocks Rise Pre-Bell Ahead of Key Jobs Report; Investors Assess Iran's Hormuz Draft Plan
US Markets

Stocks Rise Pre-Bell Ahead of Key Jobs Report; Investors Assess Iran's Hormuz Draft Plan

The benchmark US stock measures were tracking in the green before the open Friday as traders await a key employment report for July and assess media reports on Iran's restrictive draft plan for the Strait of Hormuz.The S&P 500 rose 0.2%, the Nasdaq increased 0.5% and the Dow Jones Industrial Average edged up in premarket activity. The indexes finished the previous trading session lower, with the Dow snapping a three-day streak of record closing highs.The nonfarm payrolls report for last month is scheduled to be released at 8:30 am ET. Government data is expected to show that the US economy added 80,000 jobs in July, compared with a 57,000 gain reported for the month prior, according to a Bloomberg poll.Job cuts hit a two-year low in July even as downsizing in the tech sector continued, outplacement firm Challenger Gray & Christmas said Thursday. Earlier in the week, ADP (ADP) data showed that private-sector employment in the US increased less than expected last month as gains were concentrated in services.Treasury yields were down in premarket action, with the two-year rate retreating 1.2 basis points to 4.23% and the 10-year rate off 0.8 basis points to 4.66%.Iranian state news agency Fars published on Thursday Iran's initial draft proposal for a potential deal over the Strait of Hormuz under which US and Israeli ships would be barred from transiting the key waterway, CNBC reported. The plan is reportedly under review by an Iranian parliamentary committee.Iranian Deputy Foreign Minister Kazem Gharibabadi earlier in the week said that an "understanding" between Iran and Oman regarding the Strait of Hormuz is close to being finalized. The proposed Iran-Oman agreement would not automatically reopen the strait, Gharibabadi told the state-run Islamic Republic News Agency, according to CNN.West Texas Intermediate crude oil nudged 0.1% lower to $77.27 a barrel before the opening bell, while Brent dipped 0.2% to $82.29.Shares of Cloudflare (NET) jumped 17% pre-bell as the cloud company lifted its full-year outlook following better-than-expected second-quarter results. Airbnb (ABNB) advanced 8.1% after the vacation rental company's second-quarter results topped Wall Street's estimates amid strong demand fueled by the FIFA World Cup.Vistra (VST), Take-Two Interactive Software (TTWO), Oklo (OKLO), Fluor (FLR), Under Armour (UAA, UA), Spectrum Brands (SPB) and Wendy's (WEN) report their latest financial results before the bell, among others.Friday's economic calendar also has the weekly Baker Hughes oil-and-gas rig count at 1 pm. Federal Reserve Bank of Richmond President Thomas Barkin is scheduled to speak at 10 am.Gold advanced 1.7% to $4,374 per troy ounce, while bitcoin gained 0.8% to $64,793.

Dow JonesNasdaq CompositeS&P 500$ABNB$FLR$NET$OKLO$SPB$TTWO$UA$UAA$VST$WEN
Equities

Social Buzz: Wallstreetbets Stocks Mostly Higher Pre-Bell Thursday; Micron Technology, Sandisk to Advance

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly higher hours before Thursday's opening bell.Micron Technology (MU) advanced by 3.8% premarket, after a 1.1% increase from the previous session.Sandisk (SNDK) rose by 2.7% in pre-bell activity, after closing Wednesday with a 6.8% increase.Nebius Group (NBIS) was up 2.6% pre-bell, following a 10.9% rise from the previous session.SpaceX (SPCX) was 1.5% higher in premarket hours, swinging from a 0.8% decline at Wednesday's close.Nvidia (NVDA) was up 0.2% hours before market open, following a 3.7% rise at Wednesday's close.Wendy's (WEN) advanced by 0.1% premarket, swinging from a 4.2% decline from the previous session.Microsoft (MSFT) declined by 0.7% pre-bell, following a 1.4% fall from Wednesday's session.DTE Energy (DTE) was 0.3% lower premarket, after a 1.6% decline from the previous session.

$DTE$MSFT$MU$NBIS$NVDA$SNDK$SPCX$WEN
Sectors

Sector Update: Consumer Stocks Rise Late Afternoon

Consumer stocks were higher late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 1.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1.5%.In corporate news, Honda (HMC), Nissan, and Mitsubishi Motors are in final talks to standardize electronic control units, or ECUs, for next-generation vehicles, Nikkei Asia reported. Honda shares added 0.8%.Total online spending for all US retailers hit $8.3 billion on the first day of Amazon's (AMZN) four-day Prime Day event, Bloomberg reported, citing data from Adobe (ADBE), which previously estimated $7.9 billion. Amazon shares gained 0.8%.Wendy's (WEN) shares jumped 24% after meme-stock traders rushed to buy the heavily shorted stock, multiple media outlets reported.Hertz Global (HTZ) said Wednesday in a regulatory filing that "current unexpected softness" in the market for used cars has caused it to realize losses on the sale of vehicles in May, which will adversely impact net depreciation per unit per month in Q2. Hertz shares tumbled 38%.

$AMZN$HMC$HTZ$WEN
Sectors

Sector Update: Consumer Stocks Rise Wednesday Afternoon

Consumer stocks were higher Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.7% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1.5%.In corporate news, total online spending for all US retailers hit $8.3 billion on the first day of Amazon's (AMZN) four-day Prime Day event, Bloomberg reported, citing data from Adobe (ADBE), which previously estimated $7.9 billion. Amazon shares gained 2.1%.Wendy's (WEN) shares jumped 29% after meme-stock traders rushed to buy the heavily shorted stock, multiple media outlets reported.FedEx (FDX) shares fell 1.7% after the company provided a calendar-year earnings outlook for 2026, even though the parcel delivery giant recorded an unexpected increase in its fiscal Q4 bottom line.

$AMZN$FDX$WEN
Sectors

Sector Update: Consumer

Consumer stocks were higher Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 2%.In corporate news, Wendy's (WEN) shares jumped 28% after meme-stock traders rushed to buy the heavily shorted stock, multiple media outlets reported.

$WEN
Wire

Top Midday Stories: Wendy's Shares Soar on Reported Meme-Trader Frenzy; Broadcom, OpenAI Roll Out Jalapeno AI Chip

All three major US stock indexes rose around midday on Wednesday as oil prices fell and investors looked ahead to Micron Technology's (MU) earnings later in the day.President Donald Trump said on Truth Social that Wednesday's housing bill news conference and signing ceremony have been canceled until the SAVE America Act is passed.In company news, shares of Wendy's (WEN) surged as much as 42% as meme-stock traders rushed to buy the heavily shorted stock, multiple media outlets reported. The shares climbed 24% around midday.Broadcom (AVGO) and OpenAI unveiled Jalapeno, OpenAI's first intelligence Processor. Shares of Broadcom rose 1.5%.SpaceX (SPCX) said late Tuesday it priced its inaugural offering of $7 billion of 5.35% senior notes due 2031, $6 billion of 5.65% senior notes due 2033, $6 billion of 5.875% senior notes due 2036, $2.5 billion of 6.6% senior notes due 2046, and $3.6 billion of 6.65% senior notes due 2056. SpaceX shares rose 1.5%.Hertz Global Holdings (HTZ) said in a regulatory filing that "current unexpected softness" in the market for used cars has caused it to realize losses on the sale of vehicles in May, which will adversely impact net depreciation per unit per month in Q2. Separately, the company said it plans to offer $300 million in aggregate principal amount of exchangeable senior first-lien secured PIK Notes due 2030. Hertz shares tumbled 32%.Cerebras Systems (CBRS) reported a Q1 net loss late Tuesday of $0.22 per diluted share, narrowing from a loss of $0.46 a year earlier. Analysts surveyed by FactSet expected a loss of $0.16. Revenue rose to $193.4 million from $99.5 million, topping the consensus of $181.2 million. Still, the shares fell 16%.Price: $1044.90, Change: $-6.87, Percent Change: -0.65%

$AVGO$CBRS$HTZ$MU$SPCX$WEN
Wire

Wendy's Shares Soar Reportedly on Support of Meme Traders

Wendy's (WEN) shares were up as much as 42% Wednesday and sitting above 25% at 11:30 a.m. ET, as the meme-stock crowd rushed to buy the heavily shorted stock, according to media reports.Price: $7.88, Change: $+1.63, Percent Change: +25.98%

$WEN
Sectors

Sector Update: Consumer Stocks Advance Pre-Bell Wednesday

Consumer stocks were edging higher pre-bell Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) marginally advancing and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.2%.Wendy's (WEN) named Steve Cirulis as chief financial officer, effective Tuesday, succeeding Ken Cook. Shares of Wendy's were up more than 30% premarket.Take-Two Interactive Software's (TTWO) Rockstar Games will open pre-orders for "Grand Theft Auto VI" on Thursday at midnight local time, the video game publisher said. Take-Two Interactive Software stock was up nearly 3% pre-bell.Nike (NKE) said David Denton will join as its chief financial officer and executive vice president on Aug. 17, replacing Matthew Friend, who will step down at that time and remain through Sept. 4 to support the transition. Nike shares were 0.8% lower premarket.

$NKE$TTWO$WEN$XLP$XLY

Showing 1-20 of 35

Track with the FINWIRES app suite

FolioX
FolioX
Track WEN in your portfolio
WheelAI
WheelAI
Analyze WEN options with the wheel strategy
StockInsider
StockInsider
See market sentiment on WEN