RBC Capital Remains Sidelined on Wendy's (WEN) Following 3Q
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The Wendy's Company Reports Third-Quarter 2016 Results
November 9, 2016 7:30 AM ESTDUBLIN, Ohio, Nov. 9, 2016 /PRNewswire/ --Â The Wendy's Company (NASDAQ: WEN) today reported unaudited results for the third quarter ended October 2, 2016.
"Our solid third-quarter results demonstrate the positive benefits of our brand transformation efforts," President and Chief Executive Officer Todd Penegor said. "Despite the ownership of 433 fewer Company-operated restaurants relative to last year, we were able to deliver high quality earnings, with franchise revenues contributing a higher amount to the bottom line. Driven by our balanced marketing approach and... More
