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Wendy's turned down a $1.4 billion buyout offer and reported better-than-expected earnings last quarter.

ResultsRead the original at Benzinga
Bad for WEN

Wendy’s revenue and adjusted profit per share beat estimates, international sales grew, and it declared a 7-cent dividend, but U.S. sales, margins, and profit fell. Those declines outweigh these gains and the still-unproven recovery plans.

WEN · Wendy's Company

AI read · Bad for WEN

The AI's read

The rejection leaves Wendy’s relying on its own recovery plan rather than a buyer. Beating forecasts did not stop customers from spending less or profits from shrinking. U.S. sales and restaurant margins fell as traffic weakened and food and labor costs rose. International sales grew, and breakfast changes may help, but that benefit has not appeared in reported profit. Wendy’s also declared a 7-cent quarterly dividend.

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