Wendy's Company Announces 2019 Outlook; Issues New 2020 Goals - Quick Facts

(RTTNews) - The Wendy's Company (WEN) announced, during 2019, the company expects: adjusted earnings per share growth of approximately 3.5 to 7.0 percent; and global systemwide sales growth of approximately 3.0 to 4.0 percent. Excluding the impact of the proposed settlement of the Financial Institutions case, the company expects cash flows from operations of approximately $305 to $320 million. Excluding the approximately $20 million tax effected impact of the proposed settlement, the company expects free cash flow of approximately $230 to $240 million, approximately flat to up 4.0 percent compared to 2018.

For 2020, the company expects: global systemwide sales of approximately $11.5 billion; and free cash flow of approximately $275 million.

For the preliminary fourth-quarter, adjusted earnings per share was $0.16 compared to $0.09, prior year. Adjusted revenues were $316.8 million compared to $303.4 million, last year. The company plans to release its audited financial results on or before February 27, 2019.