YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Fast-food chain Wendy's posted a net loss in the second quarter.
The net loss was $1.85 million, down from profits of $26.5 million a year earlier. During the quarter, the company incurred $41.1 million in losses related to acquiring and selling some restaurants.
Revenue dropped 16.3 percent to $320.3 million.
Read more from Reuters.
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