the-decline

Wendy’s comparable sales miss as fewer diners eat out

Burger chain Wendy's Co reported lower-than-expected quarterly comparable sales on Wednesday as a fall in grocery prices encouraged more diners to eat at home, sending the company's shares down as much as 8 percent. Food prices have been on the decline in 2016, according to the U.S. Department of Agriculture. Poultry prices dropped 3.4 percent in June from a year earlier, while beef and veal prices fell 6.7 percent, helped by lower transportation costs due to a fall …

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Wendy’s comparable sales miss as fewer diners eat out