Wendy's shares down 2.3% premarket as Q2 revenue falls short of estimates

Wendy's shares down 2.3% premarket as Q2 revenue falls short of estimates
·1 min read

Wendy's Co. shares slid 2.3% in premarket trade Wednesday, after the fast-food company posted weaker-than-expected revenue for the second quarter. Wendy's had net income of $48.2 million, or 22 cents a share, for the quarter, down from $65.7 million, or 29 cents a share, in the year-earlier period. Adjusted per-share earnings came to 24 cents, ahead of the 22 cent FactSet consensus. Revenue rose to $537.8 million from $493.3 million, just below the $540.0 million FactSet consensus. Systemwide sa