Wendy's (WEN) Stock Down on Q4 Earnings and Revenue Miss

The Wendy's Company (WEN) reported fourth-quarter fiscal 2023 results, with earnings and revenues missing the Zacks Consensus Estimate. On a year-over-year basis, the top line rose while the bottom line declined. Solid same-restaurant sales and strength in digital momentum aided the company’s performance.Following the announcement, Wendy's shares declined 1.5% during the trading session on Feb 15.In 2023, Wendy’s system saw robust growth in sales, profit and cash flow. This was fueled by progress on strateg ...