July 23, 2013 / 11:59 AM / 5 years ago

Wendy's posts profit, to sell 425 restaurants

(Reuters) - Wendy’s Co (WEN.O), the second-largest U.S. hamburger chain, reported a quarterly profit on Tuesday and announced a plan to sell about 425 restaurants by mid-2014.

    Second-quarter net income came to $12.2 million, or 3 cents per share, compared with a year-earlier loss of $5.5 million, or 1 cent per share.

    Excluding debt retirement costs and other one-time expenses, earnings rose to 8 cents per share from 5 cents.

    Reporting by Atossa Araxia Abrahamian; Editing by Lisa Von Ahn

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below