To continue getting breaking news and the full stories from The Boston Globe, subscribe today.

The Boston Globe

Business

Market Mover

Wendy’s profit tops Street’s expectations

Wendy’s ‘‘Right Price Right Size’’ menu has items ranging from 99 cents to $1.99.

Associated Press/File 2012

Wendy’s ‘‘Right Price Right Size’’ menu has items ranging from 99 cents to $1.99.

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.