The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. It owns and leases real estate properties. The company was formerly known as Wendy's/Arby's Group, Inc. and changed its name to The Wendy's Company in July 2011. The Wendy's Company was founded in 1969 and is headquartered in Dublin, Ohio.

Wendy's Company (The)

Dutch Bros Inc. BROS is entering 2026 with a strategically meaningful shift centered on scaling its breakfast capabilities through a systemwide hot food rollout. Management has framed the initiative as a long-term productivity lever designed to strengthen morning-daypart relevance — an area where the brand has historically under-indexed. By the end of the third quarter, the company had introduced ovens to roughly 160 shops and reported solid performance concerning the same.
Operational design has been a focal point of the rollout. Ovens were calibrated to finish faster than the average drink-making time, ensuring throughput remains intact during peak windows. Broista learning curves and customer sentiment have improved with each expansion wave, supporting management’s view that the platform can be scaled without compromising the brand’s high-volume drive-thru model.
The pacing of adoption, however, is shaped by physical constraints. Approximately 25% of the projected 2025 shop base cannot accommodate ovens due to legacy layouts, limiting near-term systemwide penetration. Dutch Bros expects this ratio to decline as new builds — all food-capable — become a larger share of openings, with full deployment targeted by year-end 2026. Management noted that the rollout will influence labor planning, pre-opening expenses and workflow optimization as the company navigates an expanded operational footprint.
If early-market performance holds as the platform scales, Dutch Bros expects the breakfast strategy to serve as a structural contributor to revenue growth rather than a short-term sales catalyst. With consistent results across both legacy and newer regions, management anticipates the initiative to be a supporting pillar of unit-level productivity as the company accelerates its multiyear shop expansion plan.
How Are Competitors Faring?
Among Dutch Bros’ competitors in the breakfast and morning-daypart arena are McDonald's Corporation MCD and The Wendy's Company WEN, both of which are actively repositioning their breakfast strategies to support traffic and unit-level performance.
McDonald’s is leaning heavily on its revamped Extra Value Meal (EVM) architecture to re-anchor value perception and stabilize morning routines. The company highlighted that EVMs now represent roughly 30% of U.S. transactions, supported by corporate co-investment of $15 million in September and an expected $75 million in the fourth quarter, aimed at strengthening franchisee alignment and smoothing the systemwide reset. McDonald’s stressed that this breakfast-value push is structural rather than promotional, designed to restore everyday affordability as lower-income guest traffic remains under pressure.
Wendy’s is focusing on operational upgrades and unit-level execution as part of its Project Fresh initiative. In the third quarter, company-operated restaurants delivered an approximate 400 basis-point improvement in comps, driven by better staffing, training enhancements and stronger kitchen productivity. Wendy’s also emphasized product-led innovation — including chicken tenders and improved core menu consistency — as a means to elevate average unit volumes and improve the morning guest experience. The company reiterated that these operational gains, alongside continued digital enhancements, are critical to sustaining breakfast relevance across its footprint.
BROS’ Price Performance, Valuation & Estimates
Shares of Dutch Bros have declined 5.5% in the past three months compared with the industry’s 2.4% fall.
BROS’ Stocks Three-Month Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, Dutch Bros stock trades at a forward price-to-sales ratio of 5.04, above the industry’s average of 3.21.
BROS’ P/s Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research
EPS Trend of BROS Stock
The Zacks Consensus Estimate for BROS’ fiscal 2025 and 2026 earnings per share (EPS) implies a year-over-year uptick of 36.7% and 27.6%, respectively. The EPS estimates for fiscal 2025 and 2026 have remained unchanged in the past 30 days.
Image Source: Zacks Investment Research
Dutch Bros stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Free Report: Profiting from the 2nd Wave of AI Explosion
The next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.
Investors who bought shares like Nvidia at the right time have had a shot at huge gains.
But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.
Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.
Access AI Boom 2.0 now, absolutely free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Can BROS' Breakfast Strategy Unlock the Next Phase of Revenue Growth?

McDonald's Corporation MCD is betting big that a comprehensive value reset, centered on revamped Extra Value Meals (EVMs) and a more disciplined national value architecture, can help reverse two years of declining traffic among lower-income U.S. consumers. The company’s latestearnings callrevealed a clear strategic theme: value must become both predictable and compelling if it hopes to rebuild guest counts in 2026.
The relaunch of EVMs, featuring nationally advertised $5 and $8 meal price points, marks the most significant effort to repair value perception on the core menu. Leadership acknowledged that EVM pricing had drifted away from what consumers expected, creating a drag on value scores. Franchisees overwhelmingly agreed that change was necessary and McDonald’s is co-investing through early 2026 to ease the near-term margin pressure as traffic rebuilds.
Early results are promising, with improving value scores and growing awareness, but management maintains that momentum will take several quarters to fully materialize. The broader challenge remains macro-driven: rents, food inflation and childcare costs continue to squeeze lower-income consumers, keeping QSR visits in double-digit decline. Until real income pressure eases, recovery in that segment will be slow, even with aggressive value.
Still, McDonald’s enters 2026 better positioned. Stronger value signaling, digital engagement through loyalty and MONOPOLY, and menu innovations like Snack Wraps are supporting higher-income traffic gains while reinforcing brand relevance across cohorts. If inflation moderates and value messaging scales as planned, McDonald’s could see guest counts stabilize, and potentially increase upward during 2026.
The company is not forecasting a quick turnaround, but its disciplined value reset lays the foundation for traffic-led growth when the consumer finally regains footing.
How McDonald’s Competitors Are Positioning in the Value Race
Two major competitors, The Wendy's Company WEN and Restaurant Brands International Inc.’s QSR Burger King, are also tightening their value strategies as the QSR landscape prepares for another year of strained consumer spending in 2026.
Wendy’s continues to lean heavily on its well-known 4 for $4 and Biggie Bag bundles, giving guests clear price certainty and helping the brand stay relevant among value-driven consumers. Its digital ecosystem, boosted by personalized deals, is designed to reinforce frequency much like McDonald’s loyalty-led approach.
Burger King, under parent company Restaurant Brands International, is pushing value as a core pillar of its “Reclaim the Flame” turnaround plan. National offers, sharper bundle pricing and operational improvements are aimed at winning back traffic lost over the past few years.
While both WEN and QSR are stepping up their value playbooks, neither has McDonald’s scale or financial flexibility, making 2026 a competitive proving ground for who executes value most effectively.
MCD’s Price Performance, Valuation and Estimates
McDonald’s shares have gained 3% in the past year against the industry’s 12.5% decline.
Price Performance
Image Source: Zacks Investment Research
In terms of its forward 12-month price-to-earnings ratio, MCD is trading at 23.48, down from the industry’s 23.64.
P/E (F12M)
Image Source: Zacks Investment Research
Over the past 30 days, the Zacks Consensus Estimate for MCD’s 2025 earnings per share has decreased, as shown in the chart.
Image Source: Zacks Investment Research
MCD currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Can McDonald's Value Reset Reignite U.S. Guest Counts in 2026?

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Snowflake Inc (Symbol: SNOW), where a total volume of 22,641 contracts has been traded thus far today, a contract volume which is representative of approximately 2.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 59.4% of SNOW's average daily trading volume over the past month, of 3.8 million shares. Especially high volume was seen for the $230 strike put option expiring November 28, 2025, with 1,701 contracts trading so far today, representing approximately 170,100 underlying shares of SNOW. Below is a chart showing SNOW's trailing twelve month trading history, with the $230 strike highlighted in orange:
MongoDB Inc (Symbol: MDB) saw options trading volume of 9,221 contracts, representing approximately 922,100 underlying shares or approximately 58.8% of MDB's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $240 strike put option expiring December 19, 2025, with 904 contracts trading so far today, representing approximately 90,400 underlying shares of MDB. Below is a chart showing MDB's trailing twelve month trading history, with the $240 strike highlighted in orange:
And Wendy's Co (Symbol: WEN) saw options trading volume of 44,675 contracts, representing approximately 4.5 million underlying shares or approximately 56.6% of WEN's average daily trading volume over the past month, of 7.9 million shares. Especially high volume was seen for the $8 strike put option expiring November 21, 2025, with 20,892 contracts trading so far today, representing approximately 2.1 million underlying shares of WEN. Below is a chart showing WEN's trailing twelve month trading history, with the $8 strike highlighted in orange:
For the various different available expirations for SNOW options, MDB options, or WEN options, visit StockOptionsChannel.com.
Also see:
Highest Yield Monthly Preferreds
KTOS Options Chain
Funds Holding VVOS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy Thursday Option Activity: SNOW, MDB, WEN

The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
WENDY'S CO (WEN) is a small-cap value stock in the Restaurants industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: The Wendys Company is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants. The Companys menu includes made-to-order square hamburgers using beef, and fan favorites like the Spicy Chicken Sandwich and nuggets, Baconator, and the Frosty dessert. Its segments include Wendys U.S., Wendys International and Global Real Estate & Development. Wendys U.S. includes the operation and franchising of its restaurants in the United States. Wendys International includes the operation and franchising of its restaurants in countries and territories other than the United States. Global Real Estate & Development includes real estate activity for owned sites and sites leased from third parties, which are leased and/or subleased to franchisees, and also includes its share of the income of its Canadian restaurant real estate joint venture (TimWen). The Company and its franchisees have over 7,000 restaurants worldwide.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of WENDY'S CO
GRUPO CIBEST SA (ADR) (CIB) is a large-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Peter Lynch changed from 74% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Grupo Cibest SA is a Colombia-based holding company that operates primarily in the financial services sector. The company is the parent entity of Bancolombia SA and oversees a broad ecosystem of financial and non-financial businesses across Colombia, Latin America, and the Caribbean. Grupo Cibest provides a comprehensive suite of banking and financial products through its subsidiaries, including personal, automobile, and education loans, credit and debit cards, securities brokerage, fund transfers, leasing, foreign trade financing, insurance, and pension fund services. It operates through various segments such as Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, and Offshore services Grupo Cibest plays a pivotal role in the regions financial infrastructure, serving a diverse clientele that includes individuals, corporations, institutions, and government entities.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of GRUPO CIBEST SA (ADR)
ING GROEP NV (ADR) (ING) is a large-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company's segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease. The Company's Retail Banking business lines provide products and services to individuals, small and medium-sized enterprises (SMEs) and mid-corporates. ING's banking activities in Australia are undertaken by ING Bank (Australia) Limited (trading as ING Direct) and ING Bank NV Sydney Branch.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ING GROEP NV (ADR)
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Validea Peter Lynch Strategy Daily Upgrade Report - 11/19/2025

Wendy's (WEN) reported $549.52 million in revenue for the quarter ended September 2025, representing a year-over-year decline of 3%. EPS of $0.24 for the same period compares to $0.25 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $536.82 million, representing a surprise of +2.37%. The company delivered an EPS surprise of +20%, with the consensus EPS estimate being $0.20.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Wendy's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Number of restaurants - Total: 7,363 versus the seven-analyst average estimate of 7,368.
Same-Restaurant - U.S.: -4.7% versus -5.3% estimated by seven analysts on average.
Number of restaurants - Company-operated - Total: 435 versus the six-analyst average estimate of 403.
Same-Restaurant - International: 3% versus 2.4% estimated by six analysts on average.
Revenues- Sales at Company-operated restaurants: $233.15 million versus $219.83 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +1.2% change.
Revenues- Advertising funds: $107.01 million versus the seven-analyst average estimate of $110.73 million. The reported number represents a year-over-year change of -13.1%.
Revenues- Franchise rental income: $57.34 million versus the six-analyst average estimate of $58.24 million. The reported number represents a year-over-year change of -3.3%.
Revenues- Franchise royalty revenue and fees: $152.01 million versus $148.43 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -1.2% change.
Revenues- Franchise fees: $24.2 million versus $21.57 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +13.8% change.
Revenues- Franchise royalty: $127.81 million versus the five-analyst average estimate of $127.05 million. The reported number represents a year-over-year change of -3.6%.
Systemwide sales- Total: $3.54 billion versus $3.49 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -2.7% change.
Systemwide sales- International systemwide: $534 million versus the four-analyst average estimate of $540.33 million. The reported number represents a year-over-year change of +7.8%.
Shares of Wendy's have remained unchanged over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Zacks' Research Chief Picks Stock Most Likely to "At Least Double"
Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren’t winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%.
See Our Top Stock to Double (Plus 4 Runners Up) >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Wendy's (WEN) Reports Q3 Earnings: What Key Metrics Have to Say

(RTTNews) - Wendy's (WEN) announced plans to shutter 200 to 350 underperforming U.S. locations as part of a restructuring effort aimed at improving profitability and strengthening franchise operations.
Interim CEO Ken Cook said the closures represent a "mid single-digit percentage" of the chain's roughly 6,000 U.S. stores and will take place through 2026.
Cook said the move will allow franchisees to redirect investment toward better-performing restaurants, boosting efficiency and sales across nearby outlets. Wendy's did not disclose which locations would be affected.
The decision follows the closure of 140 stores last year due to similar performance issues. The company reported a 4.7 percent decline in same-store sales in the latest quarter, falling behind competitors McDonald's, Burger King, and Shake Shack, which all posted growth amid stronger promotions and pricing strategies.
Despite the weak quarter, Cook noted that Wendy's new "Tendys" chicken tenders have seen robust demand, selling out in some markets even before formal advertising began. He said the product marks a promising step toward restoring the brand's strength in the chicken category.
Friday WEN closed at $8.97, up 1.59%, and is trading after hours at $8.99, up 0.22% on the NasdaqGS.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Wendy's To Close Up To 350 U.S. Restaurants Amid Turnaround Strategy

Pre-market trading has slid into the red this morning, holding at current levels (for now) but another step down over the past five days and off the all-time highs registered in late October. A growing wariness of overall AI infrastructure spending and a dearth of economic data (this week was supposed to have been Jobs Week) haver kept market spirits cooled this first week of November.
For employment numbers, we can cobble together what we have, and try to construct something that resembles a realistic labor market scenario. Although today’s non-farm payroll numbers from the U.S. Bureau of Labor Statistics (BLS) are unavailable due to the 37-day government shutdown, estimates had been for a loss of -60K new jobs created last month. The Unemployment Rate was expected to tick up to +4.5%, while Hourly Wages year over year was anticipated to remain steady at +0.3%.
From ADP’s ADP private-sector payrolls Wednesday, we saw +42K new jobs filled — better than the BLS estimate but still underperforming for a healthy labor market. The Chicago Fed unemployment rate estimate was +4.36% (with a +40% chance this number will eventually register higher), but the Challenger Job Cuts report came in at a damaging +153K, and this is before the surge in mass layoffs we’ve seen over the past week or so.
Thus, we still have a tentative expectation for a 25 basis-point (bps) interest rate cut 4 1/2 weeks from now. If there is a problem with this scenario, it’s that the all-time highs market indexes had raced to in October had already priced-in that cut, and possibly more than that. No one in the Fed truly knows where the “neutral rate” of inflation is, but for sure it’s higher than the optimum +2%.
Earnings Results This Morning at a Glance: WEN, FUN & More
We’re well past most of the non-retail (and non-NVIDIA) earnings reports for this season, but there are still plenty of companies reporting worthy of mention ahead of today’s opening bell:
Quick-service major Wendy’s WEN shares are up +9% at this hour after beating on Q3 earnings by +20% (24 cents per share versus 20 cents expected). This was off downwardly revised guidance earlier in the quarter, as evident by Wendy’s Zacks Rank #5 (Strong Sell) going into the print. Perhaps this is the start of the turnaround?
Six Flags Entertainment FUN posted a big earnings beat ahead of today’s regular trading session, with earnings of $3.28 per share leaving the $2.24 in the Zacks consensus in the dust, for a positive earnings surprise of +46.4%. But shares are still down -2% in early trading, adding to the massive -61% losses year to date.
Industrial services company Fluor FLR trounced Q3 earnings estimates, posting 68 cents per share versus expectations of 44 cents — a +54.55% earnings surprise. Shares are up +4.6% in pre-market activity, effectively cutting in half its losses year to date.
Atlantic coast power firm Constellation Energy CEG came up short of its earnings estimate this morning, with $3.04 per share reported -2.88% from the $3.13 anticipated. Shares are down -6.3% at this hour, taking a bite out of the company’s +57% gains from the start of the year.
Canadian cannabis supplier Canopy Growth CGC shares are up +12% on this challenging trading morning, with a bottom line coming in at -$0.01 per share, improving from the -$0.10 in the Zacks consensus. The stock still has a way to go before it’s where it was a year ago, but perhaps this is a good start.
What to Expect from the Stock Market Today
After the open today, the latest University of Michigan Consumer Sentiment report comes out for November. Expectations are for a slight tick-down to 53.0 from 53.6 reported a month ago, but still above the 50 threshold indicating gains from losses. Also, Consumer Credit for September is expected to have tallied a nice, round number of $10.0 billion.
Zacks' Research Chief Picks Stock Most Likely to "At Least Double"
Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren’t winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%.
See Our Top Stock to Double (Plus 4 Runners Up) >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Fluor Corporation (FLR) : Free Stock Analysis Report
The Wendy's Company (WEN) : Free Stock Analysis Report
Canopy Growth Corporation (CGC) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Markets in Red on AI Valuation Concerns

Friday, November 7, 2025
Pre-market trading has slid into the red this morning, holding at current levels (for now) but another step down over the past five days and off the all-time highs registered in late October. A growing wariness of overall AI infrastructure spending and a dearth of economic data (this week was supposed to have been Jobs Week) haver kept market spirits cooled this first week of November.
For employment numbers, we can cobble together what we have, and try to construct something that resembles a realistic labor market scenario. Although today’s non-farm payroll numbers from the U.S. Bureau of Labor Statistics (BLS) are unavailable due to the 37-day government shutdown, estimates had been for a loss of -60K new jobs created last month. The Unemployment Rate was expected to tick up to +4.5%, while Hourly Wages year over year was anticipated to remain steady at +0.3%.
From ADP’s ADP private-sector payrolls Wednesday, we saw +42K new jobs filled — better than the BLS estimate but still underperforming for a healthy labor market. The Chicago Fed unemployment rate estimate was +4.36% (with a +40% chance this number will eventually register higher), but the Challenger Job Cuts report came in at a damaging +153K, and this is before the surge in mass layoffs we’ve seen over the past week or so.
Thus, we still have a tentative expectation for a 25 basis-point (bps) interest rate cut 4 1/2 weeks from now. If there is a problem with this scenario, it’s that the all-time highs market indexes had raced to in October had already priced-in that cut, and possibly more than that. No one in the Fed truly knows where the “neutral rate” of inflation is, but for sure it’s higher than the optimum +2%.
Earnings Results This Morning at a Glance: WEN, FUN & More
We’re well past most of the non-retail (and non-NVIDIA) earnings reports for this season, but there are still plenty of companies reporting worthy of mention ahead of today’s opening bell:
Quick-service major Wendy’s WEN shares are up +9% at this hour after beating on Q3 earnings by +20% (24 cents per share versus 20 cents expected). This was off downwardly revised guidance earlier in the quarter, as evident by Wendy’s Zacks Rank #5 (Strong Sell) going into the print. Perhaps this is the start of the turnaround?
Six Flags Entertainment FUN posted a big earnings beat ahead of today’s regular trading session, with earnings of $3.28 per share leaving the $2.24 in the Zacks consensus in the dust, for a positive earnings surprise of +46.4%. But shares are still down -2% in early trading, adding to the massive -61% losses year to date.
Industrial services company Fluor FLR trounced Q3 earnings estimates, posting 68 cents per share versus expectations of 44 cents — a +54.55% earnings surprise. Shares are up +4.6% in pre-market activity, effectively cutting in half its losses year to date.
Atlantic coast power firm Constellation Energy CEG came up short of its earnings estimate this morning, with $3.04 per share reported -2.88% from the $3.13 anticipated. Shares are down -6.3% at this hour, taking a bite out of the company’s +57% gains from the start of the year.
Canadian cannabis supplier Canopy Growth CGC shares are up +12% on this challenging trading morning, with a bottom line coming in at -$0.01 per share, improving from the -$0.10 in the Zacks consensus. The stock still has a way to go before it’s where it was a year ago, but perhaps this is a good start.
What to Expect from the Stock Market Today
After the open today, the latest University of Michigan Consumer Sentiment report comes out for November. Expectations are for a slight tick-down to 53.0 from 53.6 reported a month ago, but still above the 50 threshold indicating gains from losses. Also, Consumer Credit for September is expected to have tallied a nice, round number of $10.0 billion.
Questions or comments about this article and/or author? Click here>>
Zacks' Research Chief Picks Stock Most Likely to "At Least Double"
Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren’t winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%.
See Our Top Stock to Double (Plus 4 Runners Up) >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The Jobs Week That Wasn't, Plus More Q3 Earnings

Wendy's (WEN) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.2 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +20.00%. A quarter ago, it was expected that this hamburger chain would post earnings of $0.25 per share when it actually produced earnings of $0.29, delivering a surprise of +16%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Wendy's, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $549.52 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.37%. This compares to year-ago revenues of $566.74 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Wendy's shares have lost about 45.8% since the beginning of the year versus the S&P 500's gain of 14.3%.
What's Next for Wendy's?
While Wendy's has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Wendy's was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.18 on $533.84 million in revenues for the coming quarter and $0.86 on $2.15 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Restaurants is currently in the bottom 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Red Robin (RRGB), has yet to report results for the quarter ended September 2025. The results are expected to be released on November 10.
This casual restaurant chain is expected to post quarterly loss of $0.78 per share in its upcoming report, which represents a year-over-year change of +31%. The consensus EPS estimate for the quarter has been revised 5.9% lower over the last 30 days to the current level.
Red Robin's revenues are expected to be $262.59 million, down 4.4% from the year-ago quarter.
Should You Invest in The Wendy's Company (WEN)?
Before you invest in The Wendy's Company (WEN), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Wendy's (WEN) Q3 Earnings and Revenues Beat Estimates

(RTTNews) - The Wendy's Company (WEN) will host a conference call at 8:30 AM ET on November 7, 2025, to discuss Q3 25 earnings results.
To access the live webcast, log on to https://www.irwendys.com
To listen to the call, dial (844) 200-6205 (US) or (929) 526-1599 (International) with event ID 182945
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	10.59 20.75
Price/Sales	0.92 0.70
P/B	17.24 1.92
P/FCF	9.60 16.34

Indicator	TTM Median
ROE	100.26 14.57
ROA	3.84 5.09
ROI	5.55 8.68
Net Worth	1.96 0.90
Quick Ratio	1.43 0.88
Current Ratio	1.45 1.45

Indicator	TTM Median
Net Profit Margin	8.58 5.81
Operating Margin	16.99 8.49
Gross Margin	61.98 38.39
Return on tangible equity	0.00 21.78

Indicator	TTM Median
EPS	0.25 0.44
EPS Forecast	0.24 0.40
Revenue	561.00M 185.00M
Gross Profit	347.00M —
EBITDA	145.00M —

Wendy's Company (The)

TTM metrics for the latest quarter under IFRS and their historical dynamics

Valuation

Debts

Efficiency

Other ratios

Revenue