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THE WENDY'S CO
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Wendy's To Partner With Wissol To Expand Into Georgia, Azerbaijan

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04/05/2012 | 05:19pm CET

Wendy's Co. (>> The Wendy's Company) said it reached an agreement with the Wissol Group to develop 25 restaurants in the neighboring countries of Georgia and the Republic of Azerbaijan over the next 10 years, allowing the fast-food chain to continue its international expansion.

Wissol, which is one of the largest business groups in Georgia, is expected to open its first Wendy's location in 2013 in Tbilisi, Georgia's capital city of about 1.1 million residents. Wissol also works with French oil giant Total S.A. (TOT, FP.FR) and Italy-based API Anonima Petroli Italiana SpA. (T7M.BE).

"Georgia is a dynamic market with long-term growth potential for the Wendy's brand, and it plays an important role in our continued expansion in Eastern Europe," Wendy's international business President Darrell van Ligten said.

Wendy's hopes to spur long-term growth by investing this year in international expansion and menu innovation, continuing tests of its new breakfast menu and even newer Black Label premium burgers. Its other major long-term sales driver is its portfolio of four new restaurant design prototypes that are more modern and entice diners to eat inside, where they typically spend more money.

Wendy's has seen its bottom line pressured by rising commodity costs and increased marketing efforts recently. In January, it said its fourth-quarter earnings fell 30% as charges masked the fast-food chain's improved same-store sales and stronger-than-expected revenue growth.

The company's shares were down 2 cents at $4.98 in recent trading. The stock is down 7.1% so far in 2012.

 
   -By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108; [email protected] 

Stocks mentioned in the article : The Wendy's Company
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Financials ($)
Sales 2017 1 227 M
EBIT 2017 279 M
Net income 2017 72,7 M
Debt 2017 2 504 M
Yield 2017 1,80%
P/E ratio 2017 59,18
P/E ratio 2018 28,97
EV / Sales 2017 5,12x
EV / Sales 2018 5,00x
Capitalization 3 786 M
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 16,3 $
Spread / Average Target 4,1%
EPS Revisions
Managers
NameTitle
Todd A. Penegor President, Chief Executive Officer & Director
Nelson Peltz Non-Executive Chairman
Robert D. Wright Chief Operating Officer & Executive Vice President
Gunther Plosch Chief Financial Officer
David Trimm Chief Information Officer
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