UPDATE: Wendy’s Posts Upbeat Q4 Profit

UPDATE: Wendy’s Posts Upbeat Q4 Profit

Wendy’s Co (NYSE: WEN) reported a rise in its fourth-quarter profit.

Wendy’s quarterly net income from continuing operations surged to $ 22.4 million, or $ 0.06 per share, versus $ 3.98 million, or $ 0.01 per share, in the year-ago period. Excluding items, it earned $ 0.08 per share.

Its revenue climbed 2% to $ 629.9 million. However, analysts were expecting a profit of $ 0.04 per share on revenue of $ 637.76 million.

Wendy’s shares closed at $ 4.90 yesterday.

Tags: profit

Posted in: Earnings, News

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