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Wendy’s Q2 Beat Comes with Dividend Cut, Withdrawn Outlook as Sales Slump - Wendy's (NASDAQ:WEN)

Wendy’s Q2 results beat estimates, but weaker U.S. sales, margin pressure and a withdrawn outlook kept the turnaround in focus.

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benzinga.comStai leggendo1 g fa

Wendy’s Q2 results beat estimates, but weaker U.S. sales, margin pressure and a withdrawn outlook kept the turnaround in focus.

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