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Thursday, November 05, 2009
Wendy’s Reports Profits of $14.7M for 3Q
FOXBusiness
Fast-food giant Wendy's/Arby's (WEN) on Thursday reported profits of $14.7 million, or 3 cents per share, in its third quarter. Results from the year prior, which do not include the Wendy’s chain, were losses of $12.1 million, or 13 cents per share.
Thanks to Triarc’s Wendy’s acquisition, revenues totaled $903.2 million. Meanwhile, same-store sales were down 9% at Arby's and 1.4% at Wendy's, due in part to the burger chain’s decision to cut the number of locations that serve breakfast.
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