Wendy's (Getty Images)
Hide Caption

Wendy's adjusted 3Q net income beats Street

a a a a
Share this story

NEW YORK -- Wendy's says its third-quarter loss narrowed as more customers snapped up offerings at its restaurants including its new Pretzel Bacon Cheeseburger.

Results beat expectations and the company raised its guidance.

The company, based in Dublin, Ohio, says sales rose 3.2 percent at restaurants open at least a year, a key retail metric.

For the quarter, Wendy's Co. says it its net loss totaled $1.9 million, or break even per share, compared with a loss of $26.2 million, or 7 cents per share last year. Excluding costs related to paying back debt early and selling some restaurants, net income was 8 cents per share.

Revenue edged up nearly 1 percent to $640.8 million.

Analysts expected a profit of 6 cents per share on revenue of $640.2 million.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Print this article

Comments

Hmm... It looks like you’re not a WCPO Insider. or Subscribe now to contribute!

More Ohio News
Ohio woman finds bird leg in Dole spinach bag
Ohio woman finds bird leg in Dole spinach bag

An Ohio woman, who eats a salad nearly every day and makes spinach smoothies, has lost her appetite for her favorite vegetable after making a…

Ohio unemployment rate drops to 6.1 percent
Ohio unemployment rate drops to 6.1 percent

The state says Ohio's unemployment rate dropped in March to the lowest level in six years.

Ohio sees record high heroin overdose deaths
Ohio sees record high heroin overdose deaths

A record number of Ohioans died from heroin-related overdoses in 2012, the state Department of Health said as it released the newest…

OH justice: division over death penalty expected
OH justice: division over death penalty expected

The chief justice of the Ohio Supreme Court says divisions about the death penalty on a panel that spent more than two years studying capital…

Judge: Ohio must recognize same-sex marriages
Judge: Ohio must recognize same-sex marriages

A federal judge ordered Ohio to recognize the marriages of gay couples who wed in states that allow same-sex marriage.

Cops: Ohio man's drone hindered medical chopper
Cops: Ohio man's drone hindered medical chopper

A man is facing charges after deputies say he was flying a video camera-equipped drone that hindered the landing of a medical helicopter at…

Central Ohio mumps outbreak tops 200 cases
Central Ohio mumps outbreak tops 200 cases

Public health officials say a mumps outbreak in central Ohio has grown to more than 200 confirmed cases.

Appeals judge to hear Toledo traffic camera case
Appeals judge to hear Toledo traffic camera case

A veteran northeast Ohio appellate judge will sit in when the Ohio Supreme Court decides in a lawsuit against traffic camera enforcement.

Man sits at corner with sign for bullying kids
Man sits at corner with sign for bullying kids

A man accused of harassing a neighbor and her disabled children for the past 15 years sat at a street corner Sunday morning with a sign…

Missing Ohio mom's body found, no sign of son
Missing Ohio mom's body found, no sign of son

Police have found the body of a southwest Ohio woman who went missing last month and say they are investigating her death as a homicide.