date:May 12, 2014
ic at remodeled restaurants. The discontinuation of breakfast in underperforming restaurants had a negative impact on sales, Wendys said.
Net income for the quarter ended March 30 surged to $46,303,000, equal to 12c per share on the common stock, which compared with $2,133,000, or 1c per share, in the comparable period. Earnings benefited from a year-over-year reduction in interest expense as a result of debt restructuring in 2013.
Revenues dipped 13% to $523,196,000 from $603,682,000. The dec