Business

Wendy’s fourth-quarter net income falls as revenue beats forecasts

DUBLIN, Ohio — Wendy’s said Monday that its fourth-quarter income from continuing operations fell to $4.3 million from $6.1 million in the year-ago period, while earnings per share were flat at a penny each.

Adjusted profit rose to four cents a share, from three cents a share. Revenue increased 5.6 percent to $615 million.

Wall Street analysts expected the fast food restaurant chain to earn four cents a share on revenue of $612.8 million, according to a survey by FactSet Research.

In 2011, Wendy’s bought back 31 million shares and it ended the fourth quarter with 390 million shares outstanding.

For company-owned restaurants in North America, same-store sales rose 5.1 percent and margins were up to 15 percent from 14 percent.

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