The Wendy's Company (NASDAQ:WEN) Q3 2024 Earnings Call Transcript October 31, 2024 6:00 PM ET
Company Participants
Aaron Broholm - Head of Investor Relations
Kirk Tanner - President and Chief Executive Officer
Gunther Plosch - Chief Financial Officer
Conference Call Participants
David Palmer - Evercore ISI
Dennis Geiger - UBS
Danilo Gargiulo - Bernstein
John Ivankoe - J.P. Morgan
Jeffrey Bernstein - Barclays
Brian Mullan - Piper Sandler
Chris O'Cull - Stifel
Lauren Silberman - Deutsche Bank
Brian Harbour - Morgan Stanley
Jon Tower - Citi
Jim Salera - Stephens
Sara Senatore - Bank of America
Andrew Charles - TD Cowen
Gregory Francfort - Guggenheim
Jake Bartlett - Truist Securities
Peter Saleh - BTIG
Christine Cho - Goldman Sachs
Alex Slagle - Jefferies
Jim Sanderson - Northcoast Research
Logan Reich - RBC
Operator
Good morning. Welcome to the Wendy’s Company Earnings Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] Thank you. You may begin your conference.
Aaron Broholm
Good morning. And thank you for joining our fiscal 2024 Third Quarter Earnings Conference call. After this brief introduction, Kirk Tanner, President and Chief Executive Officer, will provide a business update, and then Gunther Plosch, Chief Financial Officer, will review our third quarter results and share our updated financial outlook. From there, we will open up the line for questions.
Today's conference call and webcast include the presentation, which is available on our Investor Relations website, ir.wendy's.com. Before we begin, please take note of the safe harbor statement that appears at the end of today's earnings release.
This disclosure reminds investors that certain information we discuss today is forward-looking and reflects our current expectations about future plans and performance. 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 today's earnings release.
If you have questions following today's conference call, please contact me. I will now hand it over to Kirk.
Kirk Tanner
Good morning, everyone, and thank you, Aaron. As many of you know, Aaron joined us in September to lead Investor Relations, and we are excited to have him aboard. I'm going to start with some high-level results and drivers in the quarter and then we'll get into some of the initiatives we are working on to strengthen the Wendy's brand and its operations across the company and our franchisees. I'll then hand it over to GP to talk more about our third quarter performance and updated outlook.