Wendy’s tops Street 2Q forecasts




DUBLIN, Ohio (AP) — Wendy's Co. (WEN) on Wednesday reported second-quarter net income of $26.5 million.

On a per-share basis, the Dublin, Ohio-based company said it had profit of 10 cents.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The hamburger chain posted revenue of $382.7 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $367.4 million.

Wendy's expects full-year earnings in the range of 39 cents to 40 cents per share.

Wendy's shares have dropped slightly more than 5 percent since the beginning of the year. The stock has increased nearly 4 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WEN at http://www.zacks.com/ap/WEN

_____

Keywords: Wendy's, Earnings Report
comments powered by Disqus