среда, 14 марта 2012 г.

Wendy's Earnings Fall but Beat Estimates

DUBLIN, Ohio - Wendy's International Inc. said changes meant to improve performance at its restaurants is paying off, but that a decision about the possible sale of the nation's third-largest hamburger chain is taking longer than expected.

"It's a complicated process. I know you'd like to hear more, but the board's special committee is following a very disciplined approach," Wendy's Chief Financial Officer Jay Fitzsimmons said Friday on a conference call to discuss the company's third-quarter results, released Thursday.

Wendy's reported its third-quarter earnings fell 57 percent from a year ago, before it spun off the Tim Hortons coffee and doughnut chain. But its results …

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