The Wendy's Company (Nasdaq: WEN) today reported unaudited results for the third quarter ended September 29, 2019.
Comparable restaurant sales increased 0.2% at U.S. Outback Steakhouse, representing its 11th consecutive quarter of positive comparable restaurant sales – Comparable restaurant sales increased 11.2% for Outback Steakhouse in Brazil
Comparable restaurant revenue increased 1.6% (using constant currency rates), the third consecutive quarter of improved trends; Comparable restaurant guest counts decreased 3.1%
Total revenues decreased 6.0% to $164.2 million in the third quarter of 2019 from $174.6 million in the third quarter of 2018
Total Revenue Grew 31.9% to $157.8 Million – Same-Shack Sales Increased 2.0% – System-wide Year-Over-Year Unit Growth of 35%
Total case volume increased 3.0%; independent restaurant case volume increased 6.3%
Total revenues in the third quarter of 2019 increased 4.0% to $103.0 million compared to $99.0 million in the third quarter of 2018.
Q4 Comparable Store Sales Up 5% Globally, Led by 6% Comp Growth in the U.S. and 5% Comp Growth in China
Dunkin' U.S. comparable store sales growth of 1.5% – Baskin-Robbins U.S. comparable store sales growth of 3.6%
Continues nationwide expansion and signs seven new franchise agreements in Q3