Commodity costs cut into Wendy's profit

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August 12, 2008
Source
Wall Street Journal
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.
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    The Wendy's brand is since September 30, 2008 owned by Wendy's Arby's Group Inc. Wendy's Old Fashioned Hamburgers® is the third largest quick-service hamburger restaurant chain in the world, with more than 6,700 restaurants in North America and international markets.

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