10:58 AM EDT, 05/02/2024 (MT Newswires) -- Wendy's (WEN) reported Q1 adjusted earnings Thursday of $0.23 per diluted share, up from $0.21 a year earlier.

Analysts polled by Capital IQ expected $0.21.

Revenue for the quarter ended March 31 was $534.8 million, up from $528.8 million a year earlier.

Analysts surveyed by Capital IQ expected $540.5 million.

For 2024, the fast food company continues to expect adjusted earnings in the range of $0.98 to $1.02 per share. Analysts polled by Capital IQ expect $1.00.

Wendy's shares were up 3.6% in recent trading.

Price: 20.34, Change: +0.72, Percent Change: +3.64