© Reuters. FILE PHOTO – Logo of Wendy’s is on display in Tbilisi
(Reuters) – Wendy’s Co (O:) missed Wall Street expectations for quarterly sales at its established outlets in North America on Tuesday, as the burger chain struggled to lure diners in a fiercely competitive U.S. fast-food industry.
Net income rose to $391.2 million, or $1.60 per share, in the third quarter, from $13.7 million, or 5 cents per share, a year earlier.
The company’s same-restaurant sales in North America fell 0.2 percent in the quarter. Analysts on average were expecting same-store sales to rise 1.84 percent, according to IBES data by Refinitiv.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.