Wendy's 4Q adjusted profit tops Wall Street view
Revenue misses analysts' estimates
1/16/2013DUBLIN, Ohio — Wendy's fiscal fourth-quarter earnings topped Wall Street's view, but a rise in revenue came in below expectations as a key indicator of sales at North American restaurants dipped slightly.
The hamburger chain reported earnings from continuing operations of 6 cents per share. Adjusted earnings were 8 cents per share. Revenue rose 2 percent to $629.9 million.
Analysts expected adjusted earnings of 4 cents per share on revenue of $637 million.
Revenue at company-run and franchised North American restaurants open at least 15 months fell slightly compared with results a year-ago that included results from the introduction of its Dave's Hot ‘n Juicy cheeseburgers.
Wendy's Co. still expects fiscal 2013 adjusted earnings of 18 cents to 20 cents per share. Wall Street expects adjusted earnings of 17 cents per share.