Wendy's 4Q net income climbs, revenue improves PDF  | Print |  E-mail
Written by By Associated Press   
Thursday, 28 February 2013 09:03

DUBLIN, Ohio (AP) — Wendy's, which is pushing ahead with a transformation effort, says that its fiscal fourth-quarter net income grew more than six-fold partly because of a larger tax benefit.

The Dublin, Ohio company's reinvention comes at a time when people are increasingly eating at fast-casual chains such as Panera Bread Co., which offers food that's perceived to be higher quality for slightly higher prices.

For the period ended Dec. 30, Wendy's Co. earned $26.4 million, or 7 cents per share. That's up sharply from $4 million, or 1 cent per share, a year ago. Analysts expected 8 cents per share.

Revenue increased 2 percent to $629.9 million. Analysts expected revenue of $630 million.

Wendy's reaffirmed its 2013 forecast for adjusted earnings between 18 cents and 20 cents per share. Wall Street predicts 18 cents per share.


Copyright 2013 The Associated Press.

 

Front Page Stories

Market Square already bustling with business
07/26/2014 | MARIE THOMAS BAIRD Sentinel Education Editor
article thumbnail

Market Square in BG along Wooster Street. (J.D. Pooley/Sentinel-Tribune) Market S [ ... ]


Young man goes west to further his acting career
07/26/2014 | DAVID DUPONT Arts & Entertainment Editor
article thumbnail

Justin Betancourt (left) and Jeffrey Guion perform. (Enoch Wu/Sentinel-Tribune) J [ ... ]


Other Front Page Articles