The Wendy's Company Profit Declines 25% In Q1

(RTTNews) - The Wendy's Company (WEN) announced earnings for first quarter that dropped from last year.

The company said its earnings declined to $22.04 million, or $0.09 per share. This was lower than $29.29 million, or $0.11 per share, in last year's first quarter.

Analysts had expected the company to earn $0.08 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 24.5% to $285.82 million. This was down from $378.79 million last year.

The Wendy's Company earnings at a glance:

-Earnings (Q1): $22.04 Mln. vs. $29.29 Mln. last year. -Earnings Decline (Y-o-Y): -24.8% -EPS (Q1): $0.09 vs. $0.11 last year. -EPS Decline (Y-o-Y): -18.2% -Analysts Estimate: $0.08 -Revenue (Q1): $285.82 Mln vs. $378.79 Mln last year. -Revenue Change (Y-o-Y): -24.5%

-Guidance: Full year EPS guidance: $0.45 - $0.47