The Associated Press - Nov 03, 2009Wendy's/Arby's Group Inc. (WEN)
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Christopher O'Cull
at
SunTrust Robinson HumphreyThe new restaurants are planned for Kentucky, Texas, South Carolina, Michigan, New York, New Jersey, Hawaii, Colorado, California and across Canada. Wendy's/
Arby's formed last September when
Arby's owner Triarc Cos. Inc bought Wendy's in an all stock deal valued at $2.34 billion BY THE NUMBERS: Analysts polled by Thomson Reuters predict a profit of 6 cents per share on revenue of $916.8 million for the quarter. Because of the buyout, it's difficult to compare that forecast with last year's results.
ANALYST TAKE: SunTrust Robinson Humphrey analyst Christopher O'Cull told investors he believes an important restaurant performance measure of sales in locations open at least a year will fall. That's because more diners are eating at home, or spending less if they do dine out.
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The new restaurants are planned for Kentucky, Texas, South Carolina, Michigan, New York, New Jersey, Hawaii, Colorado, California and across Canada. Wendy's/<span class="company">Arby's</span> formed last September when <span class="company">Arby's</span> owner Triarc Cos. Inc bought Wendy's in an all stock deal valued at $2.34 billion BY THE NUMBERS: Analysts polled by Thomson Reuters predict a profit of 6 cents per share on revenue of $916.8 million for the quarter. Because of the buyout, it's difficult to compare that forecast with last year's results. <span class="sent"> ANALYST TAKE: SunTrust Robinson Humphrey analyst <span class="analyst">Christopher O'Cull</span> told investors he believes an important restaurant performance measure of sales in locations open at least a year will fall. </span> That's because more diners are eating at home, or spending less if they do dine out. ...The new restaurants are planned for Kentucky, Texas, South Carolina, Michigan, New York, New Jersey, Hawaii, Colorado, California and across Canada. Wendy's/<span class="company">Arby's</span> formed last September when <span class="company">Arby's</span> owner Triarc Cos. Inc bought Wendy's in an all stock deal valued at $2.34 billion BY THE NUMBERS: Analysts polled by Thomson Reuters predict a profit of 6 cents per share on revenue of $916.8 million for the quarter. Because of the buyout, it's difficult to compare that forecast with last year's results. <span class="sent"> ANALYST TAKE
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