Wendy’s misses quarterly U.S. same-store sales estimates -Breaking
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© Reuters. FILEPHOTO: Wendy?s in Tampa displays “Now Hiring” signs on the restaurant’s doors. This sign was placed by Wendy?s, U.S.A, June 1, 2021. REUTERS/Octavio Jones(Reuters) – Wendy’s (NASDAQ) Co failed to meet market expectations for U.S. sales growth in same-store stores on Wednesday, as the company grappled both with increasing competition and a labor shortage.
The U.S.’s third quarter sales increased by 2.1% compared to analysts’ average estimate 4.4% according to Refinitiv IIBES.
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