Wendy's has just released their earning for the first quarter of 2007, here they are...
"Total EBITDA from continuing operations increased 85.0% to $57.0 million; EBITDA margins from continuing operations increased 440 basis points
Company-operated restaurant EBITDA margins increased 260basis points to 8.6%
Company reiterates annual guidance of $330 to $340 million in EBITDA and $1.26 to $1.32 in earnings per share for 2007
Company announces formation of special committee of independent Directors to review strategic options to enhance shareholder value"
I'm not an expert on this, but those are big numbers, and they all increased... if a number with a dollar sign next to it goes up, thats a good thing. so shareholders should be happy about this first quarter, and expect it to continue throughout the year.
Hooray! Wendy's!!
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