In this file:

 

·         Wendy's profit, sales fall in fourth quarter

·         Wendy's disappoints Wall Street with earnings

·         Wendy’s to shell out $30 million for smaller, tastier chickens

 

 

Wendy's profit, sales fall in fourth quarter

 

Source: The Associated Press

via The Virginian-Pilot - Feb 16, 2017

 

DUBLIN, Ohio (AP) — Wendy's reported lower fourth-quarter sales fell primarily due to the refranchising of its restaurants.

 

The maker of Frosty shakes has sold back many of its restaurants to franchisees to focus its business more heavily on franchising, rather than running restaurants. There were also higher operating and labor rates which pressured margins at company-owned restaurants during the last three months of 2016.

 

Sales edged up 0.8 percent at established North American restaurants. McDonald's recently reported its sales dipped 1.3 percent at established U.S. locations, while Burger King said sales rose 1.8 percent in U.S. and Canada.

 

Wendy's Co. expects comparable-store sales to rise between 2 percent and 3 percent in North America for this year, in line with Wall Street expectations.

 

For the quarter ended Jan. 1, Wendy's earned $28.9 million, or 11 cents per share. Earnings, adjusted for non-recurring gains, came to 8 cents per share. Wall Street expected a penny more per share, according to Zacks Investment Research...

 

more

http://pilotonline.com/business/wendy-s-profit-sales-fall-in-fourth-quarter/article_6152b4d1-fe2a-5e1c-a17f-d51d284340c6.html

 

 

Wendy's disappoints Wall Street with earnings

 

By From staff and wire reports, The Columbus Dispatch

Feb 16, 2017

 

Although same restaurant sales rose in the final quarter of 2016, profit dropped at Wendy's, according to financial information released this morning.

 

The Dublin, Ohio-based company reported fourth-quarter profit of $28.9 million. Net income was 11 cents per share. Earnings, adjusted for non-recurring gains, came to 8 cents per share.

 

The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

 

The hamburger chain posted revenue of $309.9 million in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $312.8 million.

 

The company reported same-restaurant sales increased 0.8 percent in North America in the fourth quarter of 2016.

 

For the year, the company reported profit of $129.6 million, or 49 cents per share. Revenue was reported as $1.44 billion...

 

more

http://www.dispatch.com/news/20170216/wendys-disappoints-wall-street-with-earnings

 

 

Wendy’s to shell out $30 million for smaller, tastier chickens

 

By Adam Allington, Marketplace

February 16, 2017

 

As Wendy’s releases its earnings, we take a look at the fast food chain’s hunt for a tastier chicken. The company is prepared to spend $30 million on smaller chickens in hopes they’ll provide more tender, less rubbery meat. Turns out, quality is an important consideration for legacy fast food companies, as they try to stay competitive with fast-casual dining chains.

 

audio story

http://www.marketplace.org/2017/02/16/business/wendy-s-shell-out-30-million-smaller-tastier-chickens