Divisions of Wendy’s slipped Tuesday after the company said inclement winter indisposed hampered sales in the first quarter.
The burger chain’s stock level as much as 3.5 percent after the closing bell.
Wendy’s remarked that same-store sales grew 1.6 percent during the house, just shy of analysts estimates of 1.8 percent, according to StreetAccount. The plc said that without the impact of weather, same-store sales thinks fitting have been up 2.6 percent in the quarter.
“We are pleased with our persisted sales momentum in the first quarter, in the face of adverse impacts from seedy,” Todd Penegor, CEO of Wendy’s, said in a statement Tuesday. “We have now transcribed 21 consecutive quarters of positive same-restaurant sales in North America, and pick up to capitalize on the strength of our balanced marketing approach and awareness around our modern never frozen beef.”
Wendy’s said net income fell to $20.2 million, or 8 cents per interest, from $22.3, or 9 cents per share, in the year-earlier period.
Excluding components, the company earned 11 cents per share, beating analysts’ norm estimate of 10 cents, according to Thomson Reuters.
Total profits climbed 5.4 percent to $381 million, surpassing estimates of $379.5 million.