Wendy's Mixed Q3: EPS Outlook Narrows Despite Revenue Beats, Sales Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2024
0mins
Source: Benzinga
Financial Performance: Wendy's reported a 2.9% year-over-year revenue growth to $566.7 million for Q3 2024, surpassing analyst expectations, but experienced a decline in operating profit by 6.8% due to increased costs.
Future Outlook: The company adjusted its EPS forecast to $0.99-$1.01 and expects global systemwide sales growth of 3%, while also declaring a quarterly cash dividend of 25 cents per share.
Analyst Views on CSB
Wall Street analysts forecast CSB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CSB is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 62.218
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Current: 62.218
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectiaâs earnings and market brief reports.
