Wendy's Q4 EPS Meets View - Quick Facts

(RTTNews) - Restaurant operator The Wendy's Co. (WEN) Tuesday said fourth-quarter attributable net income dropped to $23.29 million from $33.07 million in the previous year. Earnings per share slid to $0.06 from $0.08.

Adjusted earnings per share from continuing operations was $0.10, while it totaled $0.11 last year.

On average, 17 analysts polled by Thomson Reuters expected earnings of $0.10 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues fell to $501.95 million from $592.41 million in the previous year. Analysts expected revenues of $509.09 million.

For 2015, the company expects adjusted earnings per share of $0.33 to $0.35. Same-restaurant sales growth of approximately 3.0 percent is expected at company-operated restaurants. Wall Street looks for earnings per share of $0.39 for the year.

The company now expects high single-digit adjusted earnings per share growth in 2016 and 2017, followed by adjusted earnings per share growth in the mid-to-high teens in 2018.