Despite Declining Revenues, Wendy's Stock Rises After Report
Dublin-based hamburger chain Wendy's saw revenues continue to decline in the second quarter of the year.
The latest report shows the company took in just under a half billion dollars in revenue between April and June, down $17 million from the previous year. Same-store sales increased in the second quarter, although not as much as the company forecasted.
Wall Street took the news in stride, and Wendy’s stock rose slightly Wednesday morning. The quarterly report also included an updated forecast for the rest of the year.
The company expects margins to improve, at least party because of stabilizing meat prices.