“We have little visibility regarding the time it might take to get back in-line with guidance.”
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“We do not believe that this single data point reflects a turnaround, but more likely a one-month perfect storm. The company still has work to do in terms of reinvigorating its menu to drive more consistent traffic.”
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“It appears as if Wendys missteps over the past two years could be ending and that the growing new product pipeline and easing beef costs could allow for same-store sales and margins to be bottoming.”
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