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Investing.com - The Wendy’s Co (NASDAQ:WEN) is set to host its 2025 Investor Day today at its Restaurant Support Center in Dublin, Ohio.
In a Thursday announcement, the company reaffirmed its full-year adjusted earnings per share (EPS) forecast and introduced long-term financial targets along with growth projections for 2028.
The company’s shares rose more than 1% in the premarket trade.
Wendy’s continues to expect adjusted EPS between 98 cents and $1.02, in line with the consensus estimate of $1.01.
Free cash flow is still projected at $275 million to $285 million, above the Bloomberg consensus of $269.9 million.
The fast food chain also maintains its outlook for global systemwide sales growth of 2% to 3%, adjusted EBITDA between $550 million and $560 million, and capital expenditures in the range of $100 million to $110 million.
"The Wendy’s brand has tremendous strength, and we will unlock its full potential, scaling our system to match the power of our brand," said Kirk Tanner, President and CEO of Wendy’s.
Looking further ahead, Wendy’s outlined its long-term financial strategy, targeting annual net unit growth of 3% to 4%, systemwide sales growth of 5% to 6%, and adjusted EBITDA growth of 7% to 8%.
By 2028, the company aims to have between 8,100 and 8,300 restaurants worldwide, with global systemwide sales reaching $17.5 billion to $18 billion and adjusted EBITDA ranging from $650 million to $700 million.
"Our relentless pursuit of excellence in our food and our restaurants will position Wendy’s for long-term success as we win across our global markets," Tanner stated.
During the event, Wendy’s said its management will focus on three key pillars of growth: reinforcing its commitment to fresh food, enhancing the customer experience, and accelerating global expansion.
Investor Day presentations are scheduled to begin at 8:30 a.m. ET.