Budrul Chukrut | SOPA Images | LightRocket via Getty Images on Wednesday reported that its first-quarter net income was cut in half as the coronavirus pandemic weighed on profits.
Here's what the company reported for the quarter ended March 29:The burger chain reported fiscal first-quarter net income of $14.44 million, or 6 cents per share, down from $31.89 million, or 14 cents per share, a year earlier.
Wall Street anticipated earnings per share of 10 cents on revenue of $414.4 million, based on a survey of analysts by Refinitiv. However, it's difficult to compare reported earnings to analyst estimates for Wendy's quarter, as the coronavirus pandemic continues to hit global economies and makes earnings impact difficult to assess.
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