Wendy's Loss Narrows Sharply

Wendy's/Arby's Group Inc. posted a narrower fourth-quarter loss despite continued sales weakness at Arby's outlets and less so at Wendy's, which continued to widen margins.

Both fast-food chain's sales picked up in January on a heightened emphasis on value, including a $1 menu at the struggling Arby's and 99-cent spicy chicken nuggets at Wendy's.

But the company forecast that adjusted earnings before interest, taxes, depreciation and amortization, a closely watched metric by investors, would slow to be moderate growth in 2010 as the company spends money on breakfast at Wendy's, remodels restaurants and works to turn around Arby's.

Read Full Article from Wall Street Journal

- Posted: 2010-03-04 10:41:42

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