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updated: 11/7/2013 8:02 AM

Wendy's adjusted 3Q net income beats Street

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  • Wendy's says its third-quarter loss narrowed as more customers snapped up offerings at its restaurants including its new Pretzel Bacon Cheeseburger.

      Wendy's says its third-quarter loss narrowed as more customers snapped up offerings at its restaurants including its new Pretzel Bacon Cheeseburger.
    File photo

 
Associated Press

Wendy's says its third-quarter loss narrowed as more customers snapped up offerings at its restaurants including its new Pretzel Bacon Cheeseburger.

Results beat expectations and the company raised its guidance.

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The company, based in Dublin, Ohio, says sales rose 3.2 percent at restaurants open at least a year, a key retail metric.

For the quarter, Wendy's Co. says it its net loss totaled $1.9 million, or break even per share, compared with a loss of $26.2 million, or 7 cents per share last year. Excluding costs related to paying back debt early and selling some restaurants, net income was 8 cents per share.

Revenue edged up nearly 1 percent to $640.8 million.

Analysts expected a profit of 6 cents per share on revenue of $640.2 million.

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