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Article updated: 1/17/2013 7:19 AM

Wendy’s 4Q adj. profit tops Wall Street’s view

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Wendy's new value menu and focus on premium burgers helped its fiscal fourth-quarter net income top Wall Street expectations, the hamburger chain said Thursday.

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Wendy’s new value menu and focus on premium burgers helped its fiscal fourth-quarter net income top Wall Street expectations, the hamburger chain said Thursday.Results show Wendy’s push to position itself on the higher end of the fast-food pecking order in terms of quality seems to have gained some traction. Wendy’s has also begun revamping restaurants with a modern look with causal seating areas more reminiscent of fast-casual chains such as Panera Bread Co.