Wendy's, Arby's parent cuts 4Q loss

ATLANTA Wendy's/Arby's Group Inc. significantly cut its net loss in the fourth quarter on fewer charges, but it continued to struggle with falling sales at Arby's.

The company reported a net loss of $13.6 million, or 3 cents per share, for the quarter ended Jan. 3, compared with a loss of $393.2 million, or 84 cents per share, for the same quarter a year earlier. After-tax charges totaled 10 cents a share in the latest fourth quarter, compared with 89 cents a share

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