Wendy's shares continue to decline amid falling market share and weak sales
WEN Wendy's Co
$8.18 -1.92%
View chart & analysis → - 1Wendy's shares are trading approximately 10% below their 52-week high, following a 57% decline over the past three years.
- 2Weak sales persisted as global Wendy's same-store sales declined by 5.2% in the third quarter.
- 3CEO Bob Wright cited food quality, value proposition, and customer service as reasons for the weak sales and declining market share.
So what's the key point?
Wendy's sales have decreased and its market share has also fallen. The company is facing a difficult situation, with its stock price dropping 57% over the last three years.
Source The Motley Fool +1 · View original ↗
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