Wendy's International, which is in a pending merger with Arby's parent Triac Cos. Inc., said Tuesday that its second-quarter profit fell by one-third, hurt by sharply higher commodity costs, flat revenue and a big investment in its new breakfast menu. After the close of trading, Wendy's said it earned $19.9 million, or 22 cents share, down from $29.3 million, or 33 cents a share, in the year ago period.
Commodity costs cut into Wendy's profit
Like to receive news like this by email? Join and Subscribe!
Join Our Telegram Channel for regular updates!
Highlighted Company
Related News
![J&J green paper, a Miami-Dade company, announces the implementation of its game-changing sustainable packaging initiative Janus® in partnership with arcos dorados, the largest MCDonald's independent franchisee in the world J&J green paper, a Miami-Dade company, announces the implementation of its game-changing sustainable packaging initiative Janus® in partnership with arcos dorados, the largest MCDonald's independent franchisee in the world](https://media.potatopro.com/arcos-dorados-mcdonald-1200.png?width=600&height=357&crop=center&mode=crop)
June 27, 2024