Wendy's Q4 Profit Beats Street; Backs 2014 Targets - Quick Facts

(RTTNews) - Fast-food chain Wendy's Co. (WEN) said its fourth-quarter 2013 net income improved to $33.1 million, or $0.08 a share, from $26.4 million, or $0.07 a share, last year. On an adjusted basis, earnings per share were $0.11 in the 2013 fourth quarter. On average, 17 analysts polled by Thomson Reuters expected earnings per share of $0.09 for the quarter. Analysts' estimates typically exclude one-time items.

On the other hand, the firm clocked $592.4 million of quarterly revenues, down compared with the previous year's $629.88 million, and came in below consensus estimate of $600.64 million.

Further, the company confirmed its 2014 outlook for adjusted EBITDA of $390 million - $400 million, despite the adverse impact from winter storms in the first quarter. Also, it still sees 2014 adjusted earnings per share of $0.34 - $0.36, whereas 18 analysts project annual earnings of $0.33 per share.