The Wendy’s Company reported on Thursday that it significantly narrowed its loss in its Sept. 29-ended third quarter, attributing continued momentum to brand transformation efforts and menu innovations like the popular Pretzel Bacon Cheeseburger. In an ongoing refranchising effort, the company has sold 118 restaurants to date, generating $66 million. Wendy’s operates or franchises more than 6,500 restaurants in the U.S. and 28 countries and U.S. territories worldwide.
Wendy’s narrows loss in 3Q
Company points to menu innovations, brand revamp