America's third-largest fast-food chain in the second quarter net profit of 10.7 million U.S. dollars
YORK August 12 evening news, the third-largest U.S. fast-food chain operator Wendy (Wendy's / Arby's Group Inc) (WEN) today announced second quarter fiscal 2010 earnings. The report shows that Wendy's second-quarter net profit fell 28% over last year due to Arby 'chain store sales decline.
Wendy's announced today reported net income for the second quarter, the company's 10.7 million U.S. dollars, earnings per share 3 cents less than last year this performance. The second quarter of fiscal 2009, Wendy's net income for 14.9 million U.S. dollars, earnings per share of 3 cents. Wendy's second-quarter revenues of 8.77 billion U.S. dollars, down 3.9% over the same period last year.
Excluding certain one-time items, Wendy's second-quarter earnings of 6 cents per share, the results exceeded analysts had expected. Bloomberg News survey of 14 analysts surveyed on average expected earnings per share for the second quarter, Wendy's fast food for 5 cents. (Civil and military)
