date:Jan 15, 2014
Investors are drooling over the outlook for fast-food restaurant Wendys Co., sending its shares up by as much as 10 per cent on Monday.
The worlds third-largest hamburger chain, in the midst of a brand overhaul, beat analyst expectations with its 2014 earnings forecast.
The Dublin, Ohio-based company also announced a $275-million (U.S.) share buyback, while continuing to cuts costs by franchising more restaurants. We do feel like we are building a stronger Wendys, chief financial officer Todd