The Wendy's Company (NASDAQ:WEN) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET
Company Participants
Kelsey Freed - Director, IR
Todd Penegor - President, CEO
Gunther Plosch - CFO
Conference Call Participants
David Palmer - Evercore ISI
Brian Harbour - Morgan Stanley
Brian Bittner - Oppenheimer
Dennis Geiger - UBS
Joshua Long - Stephens
Lauren Silberman - Credit Suisse
Andrew Charles - TD Cowen
Jeffrey Bernstein - Barclays
Jon Tower - Citi
Chris O'Cull - Stifel
Chris Carril - RBC Capital Markets
Eric Gonzalez - KeyBanc Capital Markets
John Ivankoe - JPMorgan
Gregory Francfort - Guggenheim
Katherine Griffin - Bank of America
Jim Sanderson - Northcoast Research
Jake Bartlett - Truist
Fred Wightman - Wolf Research
Peter Saleh - BTIG
Operator
Good morning. Welcome to the Wendy's Company Earnings Results Conference Call. [Operator Instructions]
Kelsey Freed, Director of Investor Relations, you may begin your conference.
Kelsey Freed
Thank you, and good morning, everyone. Today's conference call and webcast includes a PowerPoint presentation, which is available on our Investor Relations website, irwendys.com.
Before we begin, please take note of the safe harbor statement that appears at the end of our earnings release. This disclosure reminds investors that certain information we may discuss today is forward-looking. Various factors could affect our results and cause those results to differ materially from the projections set forth in our forward-looking statements. Also, some of today's comments will reference non-GAAP financial measures. Investors should refer to our reconciliations of non-GAAP financial measures to the most directly comparable GAAP measure at the end of this presentation or in our earnings release.
On our conference call today, our President and Chief Executive Officer, Todd Penegor, will give a business update and highlight progress against our Good Done Right initiatives. From there, our Chief Financial Officer, Gunther Plosch, will provide a franchise health update, review our 2023 first quarter results and share our reaffirmed outlook. From there, we will open up the line for questions.
With that, I will hand things over to Todd.
Todd Penegor
Thanks, Kelsey, and good morning, everyone. I am proud of the Wendy's system for building on the momentum we created in 2022 to deliver an outstanding start to the year. Our high-quality food, strong marketing programs and focus on great restaurant experiences continue to resonate with our customers and resulted in our sixth consecutive quarter of double-digit global same-restaurant sales growth on a 2-year basis.