Skip to main content

Wendy's Goes Cold on Breakfast Plans

Publish date:
Video Duration:

Shares of fast-food restaurant chain Wendy's took a tumble on Tuesday after the company turned down the heat on its 2019 financial outlook amid plans to invest about $20 million to retrofit and support its U.S. stores and franchisees to serve breakfast.

Shares of the Dublin, Ohio-based company were down more than 5% in premarket trading on Tuesday after the company said it was scaling back its adjusted per-share earnings outlook -- to an adjusted earnings per-share drop of between 3.5% to 6.5% for 2019 vs. previous guidance of per-share earnings growth of between 3.5% and 7%.

Premium Pick: Friday Follies, Pressure Mounts on China, and a 3M Trade Idea: Market Recon

Gold: Gold's Next Run Will Be 'Explosive' Says Billionaire Investor

Trivia: Can You Name This Only-Colonial Era Church in NYC?

TheStreet Explains:What Are Tariffs and Why Do They Move the Market?

Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud

Catch Up: Today's Top News Videos Below

Related Videos