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Tuesday, July 23, 2013

Wendy's tops expectations, selling restaurants

 Wendy's tops expectations, selling restaurants

Wendy's reported a quarterly net income that came in above Wall Street expectations and said it's selling 425 of its restaurants to franchisees, a move that's expected to help boost its profit margins.
But during the quarter, Wendy's said sales edged up just 0.4 percent at company-owned restaurants open at least a year in North America.

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