Commodity costs cut into Wendy's profit

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.