Company posts 3Q loss on slow sales, higher costs
Executives at Wendy’s/Arby’s Group Inc. told investors Friday that value programs balanced with tests of premium items and a new breakfast rollout at Wendy’s could lay the foundation for a turnaround next year. The call with investors came after the Atlanta-based company swung to a net loss in the third quarter on falling sales at both Wendy's and Arby's, higher commodity costs and impairment charges. The company warned that economic pressures would continue in the fourth ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!