Why Wendy's Stock Dropped 7.1% on Wednesday

Shares of restaurant stock Wendy's (NASDAQ: WEN) fell as much as 10.9% in trading on Wednesday after the company reported third-quarter 2021 financial results. Shares closed the day down 7.1%. 

Quarterly revenue was $470.3 million, up 4% from a year ago, and net income was up 3.6% to $41.2 million. Adjusted earnings per share (EPS) were $0.19, a little better than the $0.18 that analysts expected.

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Source Fool.com