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The Boston Globe

Business

Wendy’s adjusted 3Q net income beats Street

NEW YORK — Wendy’s third-quarter loss narrowed as more customers snapped up its new Pretzel Bacon Cheeseburger and Pretzel Pub Chicken sandwiches.

The results beat expectations and the company raised its guidance. However, the company expects adjusted earnings before taxes, interest, and other items to fall 10 percent in the fourth quarter, as it invests in growth initiatives.

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