Wendy's on Block as Stale Sales Sink Earnings

High beef prices, tough competition take toll
By Peter Fearon,  Newser Staff
Posted Jun 19, 2007 5:29 AM CDT

(Newser) – Wendy's is looking for buyers as the hamburger chain's earnings and market share plummet. Aggressive competition from McDonald's and Burger King as well as soaring beef and dairy prices have taken a  big bite out of Wendy's bottom line, the Wall Street Journal reports.

It's not a great time to sell hamburgers—or fast food chains. Applebee's is looking for a buyer and Outback has just been bought by two private equity firms; this is the third time Wendy's has floated the idea of a sale. One possibility is that billionaire Nelson Peltz, who already has a significant holding, could attempt to take the company private. Peltz's Triarc Co. owns Arby's. (Read more McDonald's stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X