The Wendy’s Co.’s profit rose 138 percent for the 13 weeks ended June 29, despite a 20-percent decline in second-quarter revenue. During the quarter, net income at the No. 3 burger chain rose to $29 million, or 8 cents a share, from $12.2 million, or 3 cents a share, in the same quarter last year. Revenue fell to $523.4 million, from $650.5 million in the same quarter last year. Same-store sales rose 3.9 percent at corporate restaurants and 3.1 percent at franchised ...
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Contact: Desiree Torres Desiree.Torres@penton.com