DUBLIN Ohio Wendy’s International Inc. posted a nearly 90-percent plunge in fourth-quarter net income versus a year earlier, reflecting the loss of profits from Tim Hortons, one of the chains it divested under intense pressure from shareholders. The burger giant also logged $5.7 million in research and development expenses during the quarter for its namesake chain’s planned rollout of breakfast, which is currently being tested in about 150 restaurants.Revenues dipped 1 ...
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!