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Wendy’s profits dip 90% without Tim Hortons and Baja Fresh


DUBLIN Ohio Wendy’s International Inc. posted a nearly 90-percent plunge in fourth-quarter net income versus a year earlier, reflecting the loss of profits from Tim Hortons, one of the chains it divested under intense pressure from shareholders.

The burger giant also logged $5.7 million in research and development expenses during the quarter for its namesake chain’s planned rollout of breakfast, which is currently being tested in about 150

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