Wendy's Cuts Outlook as US Stores Falter
Wendy's lowered its full-year earnings and sales guidance after reporting declining revenue in the second quarter tied to weakness among its U.S. restaurants.
The Dublin, Ohio, burger chain on Friday said it now expects global systemwide sales to fall 3% to 5% this year. It previously guided for them to be between flat with 2024 and down 2%.
Adjusted earnings are now on track to hit 82 cents to 89 cents a share, down from a prior target of 92 cents to 98 cents a share...
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