Weather Wallops Wendy's Sales
The restaurant chain says winter storms hurt February sales in the Northeast.
Wendy's International
(WEN) - Get Report
issued a winter weather advisory.
The Ohio-based restaurant chain Wednesday said winter storms hurt sales at its core hamburger group in February.
For the period ended March 6, same-store sales decreased 2.4% at Wendy's company-owned restaurants in the U.S. and 0.7% to 0.9% at franchised operations.
Same-store sales increased 6.2% to 6.6% at Tim Hortons restaurants in Canada and 8.1% to 8.5% in the U.S.
"Wendy's sales were impacted by winter storms, especially in the Northeast, but were positive towards the end of the month," the company said. Wendy's also said the performance reflected "very strong results a year ago."
Shares closed at $39.70 Tuesday.
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