Wendy’s reports $3.97M loss in 3Q

Wendy’s reports $3.97M loss in 3Q

The Wendy’s Co. reported a net loss for the third quarter, but revenue and same-store sales for its Wendy’s brand rose during the period.

For the third quarter ended Oct. 2, Wendy’s net loss was $3.97 million, or negative 1 cent per share, compared with a net loss of $909,000, or zero cents per share, in the third quarter of 2010.

The loss reflected its namesake brand’s net income from continuing operations of $2.5 million, offset by a $6.5 mil

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