On Tuesday, Wendys Co (NASDAQ:WEN)’s shares declined -0.92% to $9.72.
The Wendy’s Company (WEN) stated unaudited results for the second quarter ended June 28, 2015.
Second-quarter 2015 summary
See “Disclosure Regarding Non-GAAP Financial Measures” below for a reconciliation of the non-GAAP measures comprised of herein, i.e., Adjusted EBITDA, Adjusted EBITDA margin and Adjusted Earnings Per Share. Due to the recent sale of its bakery business, the Company has presented its bakery results (counting the gain on disposal) as suspended operations for all periods presented in its merged financial statements.
- Same-restaurant sales raised 2.4 percent at North America Company-operated restaurants in the second quarter of 2015, while same-restaurant sales raised 2.2 percent at North America franchise-operated restaurants. Systemwide same-restaurant sales raised 2.2 percent during the second quarter of 2015. Higher sales at reimaged Image Activation restaurants contributed about 170 basis points to Company-operated same-restaurant sales results, primarily from raised customer counts.
- On a two-year basis, second-quarter 2015 same-restaurant sales raised 6.3 percent at North America Company-operated restaurants, 5.3 percent at North America franchise-operated restaurants and 5.4 percent for the Wendy’s system.
- Revenues were $489.5 million in the second quarter of 2015, contrast to $506.1 million in the second quarter of 2014. The 3.3 percent decrease resulted primarily from the ownership of 141 fewer Company-operated restaurants at the end of the 2015 second quarter contrast to the startning of the 2014 second quarter. Franchise revenues were $104.5 million in the second quarter of 2015 contrast to $98.4 million in the second quarter of 2014. The 6.2 percent enhance resulted from higher rent revenue and higher technical assistance fees attributable to a year-over-year enhance in the number of Company-operated restaurants sold.
- North America Company-operated restaurant margin was 18.2 percent in the second quarter of 2015, contrast to 17.8 percent in the second quarter of 2014. The 40 basis-point enhance was the result of higher same-restaurant sales, favorable product mix and the positive impact from the Company’s Image Activation reimaging program.
The Wendy’s Company, through its auxiliaries, owns and franchises Wendy’s restaurant system. The company is involved in operating, developing, and franchising a system of quick-service restaurants. As of May 26, 2015, its restaurant system comprised of about 6,500 franchised and company-operated restaurants worldwide. The company was formerly known as Wendy’s/Arby’s Group, Inc. and changed its name to The Wendy’s Company in July 2011.
NiSource Inc. (NYSE:NI)’s shares gained 1.24% to $17.09.
Columbia Gas of Ohio, headquartered in Columbus, is one of the seven energy-distribution companies of NiSource Inc. (NI). Columbia Gas of Ohio has unleashed its new safety mascot, Digger Dog®.
Digger Dog®, a friendly beagle with a wagging tail, huge smile and a yellow safety vest, educates the public about the importance of calling 811 before digging, in addition to what to do if you smell natural gas.
NiSource Inc., an energy holding company, provides natural gas, electricity, and other products and services in the United States. The company offers natural gas service and transportation to residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and provides wholesale and transmission transaction services.
At the end of Tuesday’s trade, Kraft Heinz Co (NASDAQ:KHC)‘s shares dipped -1.07% to $77.97.
The Kraft Heinz Company (KHC) stated second quarter results for Kraft Foods Group, Inc. (“Kraft”) and H.J. Heinz Holding Corporation (“Heinz”) for the periods ended June 27, 2015, and June 28, 2015, respectively. Kraft Heinz filed a Form 8-K with the U.S. Securities and Exchange Commission (“SEC”) containing a detailed talk about of Kraft’s second quarter results in addition to a Form 10-Q containing a detailed talk about of Heinz’s second quarter results. Subsequent to the end of the second quarter, the company successfully accomplished the merger of Kraft and Heinz.
The Kraft Heinz Company, through its auxiliaries, operates as a food and beverage company in North America and internationally. It primarily offers food and beverage products, counting cheese, meats, refreshment beverages, coffee, packaged dinners, refrigerated meals, snack nuts, dressings, ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition, and other food and grocery products.
CBS Corporation (NYSE:CBS), ended its Tuesday’s trading session with -1.74% loss, and closed at $50.29.
CBS Corporation (CBS) declared that Joseph Ianniello, Chief Operating Officer, will take part in a question-and-answer session at Nomura’s Media & Telecom Conference on Thursday, August 13, 2015.
CBS Corporation operates as a mass media company worldwide. It operates through four segments: Entertainment, Cable Netoperates, Publishing, and Local Broadcasting. The Entertainment segment distributes a plan of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and distributes programming, counting series, specials, news, and public affairs; operates online content netoperates for information and entertainment; and produces, acquires, and distributes theatrical motion pictures.
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