Short answer
Wendy's Co (WEN) filed its Q3 2019 10-Q quarterly report on Nov 6, 2019 for the quarter ended Sep 29, 2019.
Wendy's Co Q3 2019 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q3 revenue $437.9M, up $37.3M YoY from $400.6M
- Restaurant margin 16.2% vs 15.7% YoY, cost of sales 83.8% vs 84.3%
- Best performer: North America same-restaurant sales growth 4.4%, global systemwide sales up 5.7%
- Operating cash flow $237.5M for nine months, up $7.8M; $76.2M share repurchases and $69.3M dividends
- Near-term headwinds: labor rates, commodity costs and competitive pricing; approximately $20.0M breakfast-launch investment in 2019
Risk Factors
- New breakfast launch risk, triggered by U.S. systemwide rollout planned for 2020
- Breakfast execution risk: approximately 20,000 crew members required amid limited qualified labor supply
- Breakfast investment risk: approximately $20 million in planned 2019 start-up cost support
- European expansion risk, triggered by planned United Kingdom entry and potential Brexit-related regulatory complexity
- United Kingdom market risk: low brand awareness may require greater advertising investment
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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