Wendy’s Co (NASDAQ: WEN) reported second-quarter FY22 sales growth of 9% year-on-year to $537.80 million, missing the consensus of $539.96 million. Adjusted revenues increased 10.7% to $432.9 million. Global Systemwide sales improved 5.6%, with Systemwide sales in the U.S. rising 3.5% and International improving 22.7%. Global same-restaurant sales growth was 3.7%. Also Read: McDonald’s, Wendy’s Sued Over Burgers Not Being Big And Juicy Enough The company-operated restaurant margin contracted by
Tesla 500 mile range Semi truck to start shipping this year, followed by the Cybertruck next year, Elon Musk tweets
Tesla Inc. CEO Elon Musk tweeted Wednesday that a Tesla 500 mile range Semi truck will start shipping this year, to be followed by the Cybertruck next year. Tesla shares were up 1.9% premarket, as investors also digested the news that Musk sold almost $7 billion in Tesla stock in recent days, according to filings Tuesday with the Securities and Exchange Commission, and indicated he wants cash on hand as his legal fight with Twitter Inc. heats up. According to the filings, the Tesla chief executi
Management changes at Carlyle Group continued Wednesday, as the company said another high-ranking executive is leaving, just days after the sudden departure of its CEO. Nathan Urquhart, a managing director-partner and global head of investor relations, is leaving Carlyle (ticker: CG) at the end of the year to pursue new professional opportunities, according to a Wednesday news release from the firm. Urquhart’s departure has been in the works for months and has nothing to do with the resignation of CEO Kewsong Lee a person familiar with the situation said.
(Bloomberg) — The cooler-than-expected US inflation reading for July is a positive sign that has buoyed risk assets, but some investors may be getting a little ahead of themselves, according to analysts.The rally that sent the S&P 500 to a three-month high and the Nasdaq 100 more than 20% above its June bottom was fueled by bets that the Federal Reserve may turn less hawkish on interest rate hikes. Yet market observers cautioned that policy makers will want to see months more of evidence that p