Wendy's Mixed Q3: EPS Outlook Narrows Despite Revenue Beats, Sales Growth
Financial Performance: Wendy's reported a 2.9% year-over-year revenue growth to $566.7 million for Q3 2024, surpassing analyst expectations, but experienced a decline in operating profit by 6.8% due to increased costs.
Future Outlook: The company adjusted its EPS forecast to $0.99-$1.01 and expects global systemwide sales growth of 3%, while also declaring a quarterly cash dividend of 25 cents per share.
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Flowers Foods Expands Snacking Segment With $795 Million Simple Mills Acquisition
Acquisition Details: Flowers Foods, Inc. is acquiring Simple Mills for $795 million, financed by a term loan from the Royal Bank of Canada, with the deal expected to close in early 2025 pending regulatory approval.
Financial Impact: The acquisition is projected to enhance Flowers' net sales and EBITDA growth, contributing positively to earnings per share starting in 2026, while increasing its total net debt to approximately $1.9 billion.
Wendy's Mixed Q3: EPS Outlook Narrows Despite Revenue Beats, Sales Growth
Financial Performance: Wendy's reported a 2.9% year-over-year revenue growth to $566.7 million for Q3 2024, surpassing analyst expectations, but experienced a decline in operating profit by 6.8% due to increased costs.
Future Outlook: The company adjusted its EPS forecast to $0.99-$1.01 and expects global systemwide sales growth of 3%, while also declaring a quarterly cash dividend of 25 cents per share.
Electric Services Company ALLETE Going Green And Private: Details
Flowers Foods Expands Snacking Segment With $795 Million Simple Mills Acquisition
Acquisition Details: Flowers Foods, Inc. is acquiring Simple Mills for $795 million, financed by a term loan from the Royal Bank of Canada, with the deal expected to close in early 2025 pending regulatory approval.
Financial Impact: The acquisition is projected to enhance Flowers' net sales and EBITDA growth, contributing positively to earnings per share starting in 2026, while increasing its total net debt to approximately $1.9 billion.
Wendy's Mixed Q3: EPS Outlook Narrows Despite Revenue Beats, Sales Growth
Financial Performance: Wendy's reported a 2.9% year-over-year revenue growth to $566.7 million for Q3 2024, surpassing analyst expectations, but experienced a decline in operating profit by 6.8% due to increased costs.
Future Outlook: The company adjusted its EPS forecast to $0.99-$1.01 and expects global systemwide sales growth of 3%, while also declaring a quarterly cash dividend of 25 cents per share.
Electric Services Company ALLETE Going Green And Private: Details
