$2.06 Billion in Sales Expected for The Wendy’s Company (NASDAQ:DRI) This Quarter

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Wall Street analysts expect that The Wendy’s Company (NASDAQ:DRI) will announce $2.06 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have made estimates for The Wendy’s’ earnings. The highest sales estimate is $2.07 billion and the lowest is $2.05 billion. The Wendy’s reported sales of $1.97 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.6%. The firm is scheduled to report its next quarterly earnings report on Tuesday, December 17th.

On average, analysts expect that The Wendy’s will report full-year sales of $9.03 billion for the current fiscal year, with estimates ranging from $9.01 billion to $9.07 billion. For the next financial year, analysts forecast that the business will post sales of $9.27 billion, with estimates ranging from $9.20 billion to $9.33 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow The Wendy’s.

Shares of NASDAQ:DRI traded up $1.61 on Friday, hitting $113.64. 31,869 shares of the company were exchanged, compared to its average volume of 1,308,319. The Wendy’s has a 1-year low of $95.83 and a 1-year high of $128.41. The stock has a 50 day moving average price of $120.54.

The Wendy’s Company Profile

Darden Restaurants, Inc, through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 27, 2018, it owned and operated approximately 1,746 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, and Eddie V's brands.

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