Shares of McDonald’s have been hard hit by Covid-19, but they could see improvement as Americans get sick of staying at home. And the fast-food chain intends to resume share repurchases in 2020. 3 Earnings Reports to Watch Next Week. The board has approved an extension of the $100 million buyback program, which was set to expire in February 2022. The Wendy's Co Stock , WEN. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). Thinking about buying stock in Aurora Cannabis, Nio, Wendys, TG Therapeutics, or Carnival Corp? Cookie Notice. News. Wendy's (WEN) second-quarter results hurt by dismal same-restaurant sales and decrease in franchisee royalty revenues. The company was founded by R. David Thomas on November 15, 1969 and is headquartered in Dublin, OH. Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market. Congress designed the Paycheck Protection Program to help small businesses hit by the pandemic, but its $521 billion in loans also went to major law firms, wealth managers and politically connected companies. Wendy's loyalty program joins others from restaurant chains like Starbucks Corp. and Chipotle Mexican Grill Inc. . All quotes are in local exchange time. Get ready, change is coming to your Morning Joe at some point soon. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Revenue of $402.3 million was down from $435.3 million last year but below the FactSet consensus for $409.0 million. Adjusted EPS of 12 cents was ahead of the FactSet forecast for 11 cents per share. Wendy's stock edged down 0.5% in Wednesday premarket trading but has gained 7.2% for 2020 to date. New budget strategy in Austraila as virus bites, COVID-19 is the new pre-existing condition, Democratic senators warn as Republicans remain committed to vanquishing ‘Obamacare’, Asian stocks mostly lower early Thursday amid declining confidence in U.S. economy and escalating political turmoil, How canceled student-loan and mortgage debts could affect your taxes in the COVID-19 era, Republican Ron Johnson’s Ukraine report says Hunter Biden’s board position opened door to conflicts of interest for Obama, Fauci to colleges: Don’t send students home when an outbreak occurs on your campus, McDonald’s September sales get a boost from rapper Travis Scott, 8 Cheap Restaurant Stocks That Are Worth the Risk, Papa John’s CEO highlights ‘resiliency’ of the pizza business as revenue reaches record level, S&P 500, Dow book 4th days of gains, Nasdaq adds 6th, as market awaits more pandemic aid, Coronavirus update: Global death toll tops 700,000 with 18.5 million confirmed cases and U.S. accounts for more than a quarter, Wendy’s Earnings Met Expectations but Sales Missed, Wendy's earnings beat expectations, declares quarterly dividend, Wendy's is not providing guidance due to uncertainty over coronavirus pandemic, Wendy's plans to resume share buybacks in 2020 to manage share dilution, Wendy's says breakfast performed well in Q2, Wendy's Q2 revenue $402.3 mln vs. $435.3 mln; FactSet consensus $409.0 mln, Wendy's Q2 adj. Wendy's declared a dividend of 5 cents per share, payable on Sept. 15, 2020 to shareholders of record as of Sept. 1, 2020.