Wendy's 2013 profit soars on refranchising benefit

The Wendy’s Co. reported growth of more than 25 percent in net income for the fouth quarter ended on Dec. 29, as well as a full-year profit that increased more than six times the net income from fiscal 2012. The Dublin, Ohio-based company also updated its guidance for 2014 to move up its expected completion date for the refranchising of 425 company-owned units to the first quarter, from a previously stated goal of the second quarter. Wendy’s operates or franchises more than 6,500