Wendy's 2013 profit soars on refranchising benefit

Wendy's 2013 profit soars on refranchising benefit

Net income also rose in the fourth quarter

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

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