Wendy’s/Arby’s Group, the third largest quick-service restaurant group in the US, has unveiled a 28% drop in second quarter net income to £10.7m, down from $14.9m. The group said consolidated revenue during the period had also fallen from $912.7m to $877m. Adjusted ebitda was $120.9m, up from $117.2m and had increased by 3.2% from the same period in 2009. Roland Smith, president and chief executive of Wendy’s/Arby’s Group, said: “We achieved 3.2% growth in adjusted ebitda in the second quarter, primarily due to the continued expansion of Wendy’s company-operated restaurant margin and by significantly reducing G&A expense. “We generated this growth despite ongoing challenges in the US economy, particularly the high unemployment rate. “We continue to invest in our long-term growth opportunities including Wendy’s breakfast program, remodeling restaurants at both Arby’s and Wendy’s, and international development.”

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