Jefferies has lowered its earnings forecasts and price target for Wendy's, citing a challenging turnaround with more US restaurant closures expected. The broker forecasts a 6.8% decline in US same-store sales for Q3 2026 and anticipates net closures of 291 US locations in 2026, with further reductions in 2027 and 2028. Rising costs, high interest rates, and franchisee financial struggles are key concerns. Despite these challenges, Jefferies sees potential in Wendy's new leadership and ongoing international growth, though recovery will take time in a difficult market environment.
Wendy's turnaround faces deeper closures, with Jefferies forecasting a 6.8% decline in US same-store sales for Q3 2026 and net closures of 291 US locations in 2026. For readers following the Consumer Cyclical sector, here is Pluang's market snapshot as of Oct 15, 2026 02:21 WIB: out of 134 priced US stocks, 33 rose and 100 fell. Notable movers include Carvana Co (CVNA) at USD 57.17 with a 5.33% drop, Coupang Inc (CPNG) at USD 14.33 down 5.22%, and Allbirds Inc (BIRD) at USD 2.39 down 5.16%.
Honey Badger Silver announced promising assay results from its first exploration program at the Yava Project in Nunavut, revealing high-grade silver, copper, gold, zinc, and lead samples. This marks the first systematic work at Yava in nearly two dec...
The 12th Annual Minneapolis C-Level Technology Leadership Summit will take place on October 27 at Interlachen Country Club, Edina, bringing together senior technology executives from leading Minnesota organizations like Cargill, Land O’Lakes, and Blu...
The Brasil DNA Virtual Roadshow held in October 2026 brought together 187 travel professionals from the US and Canada, facilitating 551 connections with over 90 Brazilian tourism suppliers across 54 booths. The event generated 741 leads and featured ...
Jefferies has maintained a Buy rating on Big Yellow Group despite recent stock declines, citing the company's strong fundamentals including freehold properties and solid cash flows. Activist investor Ancora, holding over 4% of shares, is pushing Big ...
Fastenal reported strong Q3 2026 earnings, beating analyst expectations with EPS of $0.35 and revenue of $2.46 billion. The company saw a 20% rise in net income to $401.6 million and a 15.5% increase in revenue driven by robust manufacturing demand, ...
