Pelts pushes to take Wendy's private… sales revenue decline for sixth straight quarter
WEN Wendy's Co
$8.44 -2.09%
View chart & analysis → - 1Reports say Trian has formed a take-private consortium for Wendy's (WEN) with Blue Five and Flynn
- 2Q2 US same-store sales fell 7% and traffic 12.5%, marking six consecutive quarters of decline, with 289 locations closed in the first half
- 3Pelts and Trian combined stake exceeds 24%, making them the largest shareholder, and shares rose 12% following the report
This 3-line summary is compiled from the report below.
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