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THE WENDY'S COMPANY REPORTS SECOND QUARTER 2024 RESULTS
Dublin, Ohio, Aug. 1, 2024 /PRNewswire/ -- The Wendy's Company (NASDAQ: WEN) today reported unaudited results for the second quarter ended June 30, 2024. "Our
About this update from Wendy's Company (the)
[{"type":"text","content":"Dublin, Ohio, Aug. 1, 2024 /PRNewswire/ -- The Wendy's Company (NASDAQ: WEN) today reported unaudited results for the second quarter ended June 30, 2024.\n\n \n \n \n \n \n \n\n \n\"Our restaurants across the globe continued to deliver same-restaurant sales growth, holding steady with the QSR burger category in the second quarter,\" President and Chief Executive Officer Kirk Tanner said. \"Our industry leading quality, exciting innovation, and compelling value will remain in focus as we continue to execute our customer first approach and drive the restaurant economic model throughout the rest of the year and beyond.\"\nSecond Quarter 2024 SummarySee \"Disclosure Regarding Non-GAAP Financial Measures\" and the reconciliation tables that accompany this release for a discussion and reconciliation of certain non-GAAP financial measures included in this release.\nOperational Highlights\nSecond Quarter\nYear-to-Date\n2023\n2024\n2023\n2024\nSystemwide Sales Growth(1)\nU.S.\n6.1 %\n1.7 %\n7.3 %\n1.7 %\nInternational(2)\n12.7 %\n8.3 %\n16.6 %\n8.5 %\nGlobal \n6.9 %\n2.6 %\n8.4 %\n2.6 %\nSame-Restaurant Sales Growth(1)\nU.S.\n4.9 %\n0.6 %\n6.0 %\n0.6 %\nInternational(2)\n7.2 %\n2.5 %\n10.3 %\n2.8 %\nGlobal\n5.1 %\n0.8 %\n6.5 %\n0.9 %\nSystemwide Sales (In US$ Millions)(3)\nU.S.\n$3,185\n$3,240\n$6,129\n$6,234\nInternational(2)\n$461\n$490\n$879\n$944\nGlobal\n$3,646\n$3,729\n$7,009\n$7,177\nRestaurant Openings\nU.S. - Total / Net\n19 / 4\n25 / (15)\n39 / (1)\n43 / (17)\nInternational - Total / Net\n22 / 16\n39 / 28\n41 / 21\n56 / 38\nGlobal - Total / Net\n41/ 20\n64 / 13\n80 / 20\n99 / 21\nQuarter End Restaurant Count\nU.S.\n5,993\n6,013\nInternational\n1,122\n1,248\nGlobal\n7,115\n7,261\nGlobal Reimaging Completion Percentage\n82 %\n88 %\n(1) Systemwide sales growth and same-restaurant sales growth are calculated on a constant currency basis and include sales by both Company-operated and franchise restaurants.\n(2) Excludes Argentina.\n(3) Systemwide sales include sales at both Company-operated and franchise restaurants.\n \nFinancial Highlights\nSecond Quarter\nYear-to-Date\n2023\n2024\nB / (W)\n2023\n2024\nB / (W)\n($ In Millions Except Per Share Amounts)\n(Unaudited)\n(Unaudited)\nTotal Revenues\n$ 561.6\n$ 570.7\n1.6 %\n$ 1,090.4\n$ 1,105.5\n1.4 %\nAdjusted Revenues(1)\n$ 451.8\n$ 455.7\n0.9 %\n$ 879.2\n$ 885.5\n0.7 %\nU.S. Company-...