Analyst Says Wendy’s Comparable Sales Have Turned Positive
The turnaround at Wendy’s (NASDAQ:WEN) may be happening faster than at other fast food chains. An analyst says comparable store sales at the burger shop turned positive over the last four weeks.
Longbow analyst Alton Stump said his checks with Wendy’s franchisees indicate comps are now positive, compared to a 15% decline in April. That could get the fast food chain’s stock cooking again.
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