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Burger chain Wendy's reported a 16 percent drop in quarterly revenue, as it was left with fewer company-owned restaurants. Continue Reading Below Net income fell to $25.4 million, in the first quarter ended April 3, from $27.5 million a year earlier. On...

Wendys' 1Q Revenue Falls 16%

Burger chain Wendy's reported a 16 percent drop in quarterly revenue, as it was left with fewer company-owned restaurants. Continue Reading Below Net income fell to $25.4 million, in the first quarter ended April 3, from $27.5 million a year earlier. On...

Wendys' 1Q Revenue Falls 16%

Burger chain Wendy's reported a 16 percent drop in quarterly revenue, as it was left with fewer company-owned restaurants.

Continue Reading Below

Net income fell to $25.4 million, in the first quarter ended April 3, from $27.5 million a year earlier.

On a per share basis, earnings rose to 9 cents per share from 7 cents per share as the company had fewer shares outstanding.

Revenue fell to $378.8 million from $451.8 million.

(Reporting by Ramkumar Iyer in Bengaluru; Editing by Shounak Dasgupta)

Continue Reading Below

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