Gerald Lubinski's questions to Wendy's Co (WEN) leadership • Q4 2024
Question
Gerald Lubinski of BMO Capital Markets asked about the expected level of commodity inflation in the U.S. for 2025, with a specific focus on the outlook for beef costs.
Answer
CEO Kirk Tanner stated that the 2025 guidance incorporates approximately 1% commodity inflation and 4% wage inflation. He confirmed that beef is expected to be the primary driver of the commodity cost increase, with some additional pressure from bacon. He also noted that the current outlook does not assume any significant impact from tariffs, but it is a situation the company is monitoring closely with its partners.