Thursday, August 12, 2010

Wendy's/Arby's Net Falls 28% as Sales Decline

Wendy's/Arby's Group Inc.'s second-quarter earnings fell 28% with same-store sales at both Wendy's and Arby's declining.

The company plans to combat the decline by focusing on lower prices. Wendy's will market Frosty desserts and spicy chicken nuggets for 99 cents each, in part to coincide with the back-to-school period where consumers are more frugal.

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1 comments:

Anonymous said...

Arby's needs a new look. The brown color scheme and the big hat are outdated and need to be retired. The menu is great. People just don't want to eat at a depressing restaurant.

Jim Duffy
Orlando, FL

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