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 ...
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Contact: Desiree Torres Desiree.Torres@penton.com