date:Mar 26, 2014
The Wendy's Co. has reached its goal of reducing the company's share of the Wendy's restaurant system with the sale of 104 restaurants scattered among Phoenix, Ariz., Los Angeles/Palm Springs, Calif., Hawaii and Albuquerque, NM.
Wendy's sold 418 company-owned restaurants, netting the company $235 million including $138 million in 2013, the company noted. The company-owned share of the fast-casual chain is now 15 percent and includes 1,000 restaurants in the United States and Canada.
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