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Wendy's Returns to Higher Growth in July


Fast food was fast becoming scarce during the pandemic as dining rooms closed across the country, but many restaurants were able to shift operations and meet new demands as dining went digital and customers picked up curbside. 

Burger chain Wendy's (NASDAQ: WEN) had a sales dip in the second quarter, but growth resumed in July as life continued on in most areas of the U.S.

Wendy's comps decreased 6% in the second quarter, which ended June 28. For comparison, McDonald's (NYSE: MCD) comps decreased 24% in a similar time frame. Earnings per share were $0.11, down from $0.14 last year. As of Aug. 2, 99% of U.S. stores and 90% of international stores are open.

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Source Fool.com

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