Wendy's reports lower adjusted profit, revenue up

DUBLIN, Ohio (AP) ? Wendy's Co. says its adjusted earnings fell 29.5 percent in the fourth quarter, while its revenue rose 5.6 percent.

The hamburger chain said Monday its income from continuing operations was $4.3 million in the period ended Jan. 1. That was down from $6.1 million a year ago.

The adjusted number stripped out one-time charges like costs related to selling sandwich chain Arby's. The company didn't report what net income would be if those charges were factored in.

Earnings were 4 cents per share, in line with the predictions of analysts polled by FactSet. After adjusting for the one-time charges, earnings were 1 cent per share.

Wendy's says revenue rose to $615 million, beating the $613 million predicted by analysts polled by FactSet.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-01-30-Earns-Wendy's/id-96ac332c09444f1ca703c303ad97a0aa

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