Quartz·2 min read·medium
Wendy's is cutting its dividend and pulling its full-year forecast as its turnaround drags on
✦AI Summary
Wendy's has reduced its quarterly dividend by half and withdrawn its full-year financial forecast amid declining U.S. sales. CEO Bob Wright is currently leading a turnaround strategy to address the brand's performance issues.
The burger chain halved its quarterly dividend to 7 cents a share as new CEO Bob Wright works to reverse a sharp U.S. sales decline
businessfood
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