FILE PHOTO: A Wendy's Co restaurant is pictured in Monrovia, California November 4, 2015. REUTERS/Mario Anzuoni
The company refreshed its offerings by introducing ‘Made to Crave’ line of fresh beef burgers that come with ingredients such as applewood smoked bacon, asiago cheese and Kansas City-style barbecue sauce to woo customers looking for premium fast foods. Excluding certain one-time items, Wendy’s earned 14 cents per share, beating the consensus estimate of 11 cents per share.
Profit margins at restaurants operated by the company rose 15 percent, compared to 13.9 percent a year earlier, mainly driven by higher prices of its products.
My favorite burger joint to be honest
I mean Wendy's annual revenue of $408.6 million is nice and all but it pales in comparison to the $6.6 billion the athletic shoe industry, which stemmed from NASA research.
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