News Summary: Wendy's 3rd-quarter loss narrows


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

(AP) - THE NEWS: Wendy's third-quarter loss narrowed as more customers snapped up offerings at its restaurants, including its new Pretzel Bacon Cheeseburger and Pretzel Pub Chicken sandwich. Results beat expectations and the company raised its guidance Thursday.

THE BIG PICTURE: Wendy's is pushing renovations to make its restaurants more inviting, in addition to rolling out more items positioned as premium offerings.

SHARES FALL: The company said it expects adjusted earnings, before taxes, interest, and other items, to fall 10 percent in the fourth quarter, as it invests in future growth initiatives. Shares fell 13 percent in morning trading, retreating from a five-year high reached Wednesday.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast