Wendy’s Earnings for Quarter Rise 12%
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Bloomberg News
Wendy’s International Inc.’s first-quarter profit rose 12% as the third-biggest U.S. hamburger chain opened 71 restaurants and boosted sales with new products and late hours.
Net income increased to $43.4 million, or 39 cents a share. Revenue rose 10% to $612.4 million.
The shares of the Dublin, Ohio-based company fell 47 cents to $36.93 on the NYSE.
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