Wendy's to sell 425 units to franchisees

07/23/2013 | Reuters · Philly.com (Philadelphia)

Wendy's reported higher-than-expected second-quarter earnings on Tuesday and said it will sell 425 of its restaurants to franchisees, taking its corporate ownership from 22% to 15%. The chain saw success with its new Pretzel Bacon Cheeseburger, but said systemwide same-store sales in North America rose only 0.4%, after some units stopped selling breakfast and the chain boosted marketing of its value menu.

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Reuters · Philly.com (Philadelphia)

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