Wendy's/ Arby's Group Inc. (WEN) May Re-Work Its Sales Strategy Soon

Symbols: MCD, WEN
Share

Wendy's/Arby's Group Inc. (NYSE: WEN), which reported a narrower Q4 loss Thursday, has indicated that it may re-work its pricing strategy as competition for penny-pinching customers heats up in the fast-food industry.
Wendy’s/Arby’s Group Inc. (WEN), which reported net losses of $13.6 million in Q4, shed 4.85% by early afternoon trading following the announcement of its Q4 earnings.

Wendy’s/Arby’s Group Inc. (WEN) competes with market leader MacDonald’s Corp. (NYSE: MCD) in the fast chain food for pizzas and similar other eating products, which follows a discount model for pushing up its sales. Wendy’s/Arby’s Group Inc. (WEN) earlier breached below its 20 day MA on Thursday, and is quoting a shade above its 200 day MA support level.


 
 
< Previous
SINA Corp (SINA) Recovers From Missing Estimates, Up 5%
Next >
Top Performing Industries For March 4 (BBW, FCAR.OB, ZUMZ, AIB, KNOT)
Share
Printer-friendly version
Send to friend
We're Loving

Benzinga's Premium Memberships

Benzinga's News Delivered Free

Brain Trust