date:Nov 09, 2012
h chicken sandwich helped lift revenue by 2.7 percent at restaurants open at least 15 months. That marks the sixth straight quarter that figure has climbed. The figure is a good gauge of a restaurant chain's health because it strips out the volatility of newly opened and closed stores. Wendy's said the increase was driven by greater spending per visit, although the number of transactions declined.
The improvement helped Wendy's shares rise 13 cents, or 3 percent, to close at $4.39.
CEO Emil B