(Reuters) - Wendy's on Monday slashed its 2007 earnings forecast and
said it would explore a possible sale of the company instead of
other restructuring options. For details, see [ID:nN18395318]
The operator of the No. 3 U.S. hamburger chain cut its 2007
earnings forecast to a range of $1.09 to $1.23 a share, down
from previous guidance of $1.26 to $1.32 a share. It cited
lower-than-expected same-store sales and higher commodity costs
for the reduced outlook.
Read more at Reuters.com Bonds News
said it would explore a possible sale of the company instead of
other restructuring options. For details, see [ID:nN18395318]
The operator of the No. 3 U.S. hamburger chain cut its 2007
earnings forecast to a range of $1.09 to $1.23 a share, down
from previous guidance of $1.26 to $1.32 a share. It cited
lower-than-expected same-store sales and higher commodity costs
for the reduced outlook.
Read more at Reuters.com Bonds News
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