By Denny Jacob
Wendy's outlined its long-term financial targets and priorities ahead of its investor day.
The burger chain issued a target of global sales between $17.5 billion and $18 billion for 2028. The company also guided for its total number of restaurants to sit between 8,100 and 8,300 in three years time, while adjusted earnings before interest, taxes, and amortization are expected to be between $650 million and $700 million.
Wendy's also set targets of annual net unit growth between 3% and 4%, annual sales growth between 5% and 6%, and annual adjusted Ebitda growth between 7% and 8%.
The Dublin, Ohio, company reaffirmed its outlook of global sales growth between 2% and 3% for 2025, as well as adjusted earnings per share between 98 cents and $1.02.
Chief Financial Officer Ken Cook said Wendy's is investing in building new restaurants and technology to execute on its long-term vision. "Our objective is to create value for our customers, our franchisees and our shareholders," said Cook.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
March 06, 2025 07:21 ET (12:21 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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