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Wendy's 2Q19: Key Points

  • 2Q19 comps increased +1.4% with pricing in-line with food away from home inflation partially offset by traffic declines. Flat mix reflected softness in its salad business & the lapping of a strong 2Q18 performance of its Southwest Avocado salad. IA reimaging comp tailwind was +50 bps for the system.
  • 2019 comp guidance of +1.5% to +2.5% is based upon confidence in ability to drive “one more visit, one more dollar” with: value (4 for $4 & $5 Biggie bags); Made to Crave; a return of spicy chicken nuggets; & faster service speeds. 

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