The Wendy’s Company has reported total revenues of $437.9m for the third quarter of 2019, compared with $400.6 during the same period in 2018.

The higher revenues was primarily due to higher sales at company-operated restaurants and an increase in franchise royalty revenue.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Revenues and adjusted revenues also benefited from a rise in franchise rental income driven by $10m in pass-through subleases payments.

The Wendy’s Company president and CEO Todd Penegor said: “We delivered a strong quarter of sales and earnings growth, demonstrating that we are building an even stronger foundation for the Wendy’s brand.

“We remain relentlessly focused on executing our plan to accelerate same-restaurant sales and drive global restaurant expansion across the globe.”

Systemwide sales growth for the quarter was at 5.5%. For the 2018 quarter, sales growth was at 1.2%.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

During the quarter, the company had 40 restaurant openings worldwide and an increase of 24 net new restaurants.

The company continues to expect global net new restaurant growth of 1.5% in 2019.

At the end of the third quarter, Wendy’s noted that 56% of the global system was image-activated when compared to approximately 50% image-activated in 2018.

Penegor added: “We are well-positioned to drive growth in 2020 and beyond to achieve our vision of becoming the world’s most thriving and beloved restaurant brand, and to become an accelerated, efficient growth company.”

For 2020, the company aims to achieve global systemwide sales of $12bn to $12.5bn and adjusted EBITDA of approximately $425bn to $435m.

Additionally, Wendy’s expects free cash flow of $215 to $225m.