Wendy's same-restaurant sales miss estimates

By Kitco News / February 21, 2018 / www.kitco.com / Article Link

Feb 21 (Reuters) - U.S. burger chain Wendy's Co reported on Wednesday a smaller-than-expected rise in fourth-quarter sales at its restaurants in North America as fewer customers visited its outlets compared with its rivals such as McDonald's Corp .

Same-restaurant sales in North America rose 1.3 percent in the quarter. Analysts on average were expecting same-store sales to rise 1.8 percent, according to research firm Consensus Metrix.

Net income rose to $159.3 million, or 64 cents per share, from $28.9 million, or 11 cents per share, in the quarter ended Dec. 31, benefiting from a $121.6 million gain due to changes in the U.S. tax law. Total revenue fell to $309.2 million from $309.9 million.


(Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Recent News

Many new players enter TSXV gold Top 25 by market cap

July 14, 2025 / www.canadianminingreport.com

Gold stocks mixed on moderate metal gain, flat equities

July 14, 2025 / www.canadianminingreport.com

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com

Gold stocks up as the metal price and equities gain

July 07, 2025 / www.canadianminingreport.com

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok