Wendy's cuts forecast after 'disappointing' 1Q results

Company to focus on new pricing and advertising strategies after W cheeseburger cannabalized sales of premium items

The Wendy’s Co. revealed during Tuesday’s first-quarter earnings conference call that the brand’s attempt to entice customers from its value menu up to the mid-priced W cheeseburger backfired and led to disappointing results, prompting the company to lower its full-year earnings guidance.

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