Wendys Q3 Earnings: Mixed Results, Project Fresh Initiative, and International GrowthWendys released its Q3 earnings on November 14th, showing a mixed bag of results. The company surpassed Wall Streets expectations for overall revenue and profit, with revenue at $549.5 million and adjusted earnings per share at 24 cents. However, the U.S. business faced ongoing challenges, with a 3.7% decline in same-restaurant sales due to fewer customers and increased competition. Interim CEO Ken Cook acknowledged these pressures and launched Project Fresh to boost U.S. comparable sales growth. Meanwhile, international operations performed strongly, with robust sales growth and new locations opening in various markets. Analysts questioned the companys value proposition and margin outlook, with Wendys executives citing beef inflation and lower customer traffic as impacting margins. Project Fresh, with its focus on profitable growth and new menu items, is expected to help offset these challenges over time.

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