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The Boston Globe

Business

Market Mover

Wendy’s profit tops Street’s expectations

Wendy’s new value menu and focus on premium burgers helped its quarterly net income top expectations. The chain has also begun revamping restaurants with a modern look with causal seating areas akin to what “fast-casual’ chains like Panera Bread offer. Profit jumped to $22.4 million, or 6 cents per share, up sharply from $4 million, or 1 cent, a year earlier. The results included a tax benefit, lower interest expense, and a sharp rise in investment­ income.

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