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Wendy's +3% After Q1 Results On Solid Growth In US Breakfast Sales Despite Labor Cost Issues

Wendy’s Company (NASDAQ:WEN) shares are trading higher on Thursday after reporting first-quarter results. The company reported first quarter adjusted earnings per share of 23 cents, beating the street view of 21 cents.  Quarterly sales of $534.753 million missed the street view of $540.972 million. Sales increased 1.1% year over year from increased advertising funds revenue and franchise royalty revenue, both driven by net new restaurant ...