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BusinessWendy's/Arby's Earns $14.7 Million
11/5/2009 8:48:43 AM | Associated Press
Wendy's/Arby's Group Inc. says fewer customers gulped down its sandwiches in the third quarter.
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But the year-old combination of Dublin, Ohio-based Wendy's and Arby's helped boost profit and revenue from a year ago when the fast-food company was two separate entities.
Wendy's and its cheaper menu fared better than its higher-priced sibling.
Sales in Arby's restaurants open at least a year fell 9 percent. They were flat at Wendy's.
For the three months that ended Sept. 27, Wendy's/Arby's earned $14.7 million, or 3 cents per share. That figure included a 3 cents per share charge related to last year's merger. Revenue was $903.2 million.
Analysts expected the combined restaurant company, based in Atlanta, to earn 6 cents per share on revenue of $916.5 million.
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