Wendy's stock falls toward a 3-month low after earnings miss, downbeat outlook

Shares of Wendy’s Co. WEN slumped 2% toward a three-month low in premarket trading Thursday, after the fast-food burger chain reported fourth-quarter profit and revenue that missed expectations, and provided a 2024 outlook that was below Wall Street forecasts. Net income rose to $46.9 million, or 23 cents a share, from $41.3 million, or 19 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share slipped to 21 cents from 22 cents, due to higher amortization of cloud co ...