Wendy’s Company: Reports First Quarter 2022 Results

Dublin / OH. (twc) The Wendy’s Company reported unaudited results for the first quarter ended April 03, 2022. «We continue to make meaningful progress against our three strategic growth pillars, reinforcing the strength and resiliency of the brand and driving robust AUV and sales increases,» President and Chief Executive Officer Todd Penegor said. «We had one of our best quarters in our history for unit growth, with over 90 new restaurant openings, and are on track to reach our planned net unit growth goal of 5 to 6 percent for the year. We also competed well with Global same-restaurant sales up double digits once again on a two-year basis and increased our Global digital sales mix to over 10 percent. We are well positioned to win in this volatile environment, with strong franchisee alignment behind our strategies, and have strengthened our balance sheet with the successful debt raise transaction we recently completed. With sustained focus on executing against our key priorities, we are confident we will achieve our vision of becoming the world’s most thriving and beloved restaurant brand.»

For additional information please read the Company’s PDF file below (190 KB):