The Wendy’s Company (NASDAQ:DRI) Expected to Post Quarterly Sales of $2.32 Billion

Brokerages expect The Wendy’s Company (NASDAQ:DRI) to announce $2.32 billion in sales for the current quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for The Wendy’s’ earnings, with estimates ranging from $2.30 billion to $2.34 billion. The Wendy’s posted sales of $2.25 billion during the same quarter last year, which would indicate a positive year over year growth rate of 3.1%. The firm is expected to report its next quarterly earnings report on Thursday, March 19th.

According to Zacks, analysts expect that The Wendy’s will report full year sales of $9.02 billion for the current financial year, with estimates ranging from $8.99 billion to $9.05 billion. For the next financial year, analysts expect that the firm will post sales of $9.26 billion, with estimates ranging from $9.17 billion to $9.31 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow The Wendy’s.

Separately, BidaskClub raised The Wendy’s from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th.

DRI stock opened at $117.09 on Monday. The business has a 50 day moving average of $113.33 and a 200 day moving average of $117.15. The Wendy’s has a twelve month low of $104.25 and a twelve month high of $128.41.

The Wendy’s Company Profile

Darden Restaurants, Inc, through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 27, 2018, it owned and operated approximately 1,746 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, and Eddie V's brands.

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