News

Wendy's releases preliminary 2014 financial results

The company plans to release its audited financial results on or before Feb. 26.

February 3, 2015

Wendy's Company announced preliminary 2014 results, reporting a company-operated same-restaurant sales increase of 1.9 percent in fourth quarter and 2.3 percent in 2014; two-year comps of 5.0 percent in fourth quarter and 4.2 percent in 2014.

The company also reported a North America company-operated restaurant margin increase of 50 bps to 16.8 percent in Q4 and 40 bps to 15.8 percent for 2014.

Wendy's system achieved 486 reimaged and new restaurants open or under construction in 2014, with 794 cumulative reimaged and new restaurants open or under construction since 2011.

The company announced its intent to sell approximately 500 additional restaurants to franchisees, and target ongoing company ownership of approximately 5 percent by mid-2016.

Its goals for 2020 include 1,000 new restaurants, 20 percent restaurant margins, $2.0 million AUVs and reimaging of 60 percent of restaurants. The company plans to release its audited financial results on or before February 26, 2015.