Wendy's (NASDAQ:WEN) announced that it earned $26.4 million, or 7 cents per share, up from $4 million, or one cent per share, in the same period last year. Analysts had expected earnings of eight cents per share. Revenue increased by two percent to $629.9 million, while analysts had expected revenue of $630 million. The company reaffirmed 2013 earnings guidance of between 18 and 20 cents per share, while analysts had expected earnings of 18 cents per share.
Shares are higher by about nine tenths of a percent.
Last month, rival McDonald's (NYSE:MCD) reported that quarterly earnings and revenue that beat analysts' estimates but warned of lower first quarter sales.
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