Wendy’s Company (NASDAQ:WEN) premarket surge on Friday follows a third-quarter earnings beat, driven by stronger execution, resilient international growth and cost discipline.
• WEN stock is volatile on Friday. Watch the momentum here.
Investors also cheered steady guidance, a maintained dividend, and signs that new menu initiatives are resonating with customers.
The company reported third-quarter adjusted earnings per share of 24 cents, beating the analyst consensus estimate of 20 cents.
Quarterly sales of $549.516 million (down 3% year over year) outpaced the Street view of $534.457 million.
The decrease in total revenues resulted primarily from lower advertising …
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