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Wendy’s backs FY22 adjusted EPS view 84c-88c, consensus 85c

Backs FY22 free cash flow view $215M-$225M. Revises FY22: Global systemwide sales growth: 6%-7%; Adjusted EBITDA: $490M-$500M; Cash flows from operations: $305M-$320M; Capital expenditures: $90M-$95M. Prior FY22 view: Global systemwide sales growth: 6%-8%; Adjusted EBITDA: $490M-$505M; Cash flows from operations: $305M-$325M; Capital expenditures: $90M-$100M; Free cash flow: $215M-$225M.

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Published first on TheFly

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