Wendy’s International (WEN) on Thursday swung back to a profit in the second quarter after a loss a year ago as it worked on improving its image with new products and advertising.
The third-largest hamburger chain, which said in April that its exploring a possible sale of the company, said it made $29.2 million, or 33 cents a share, for the three months ended June 30, compared with a loss of $29.1 million, or 25 cents a share, a year ago.
Last year’s results included a big charge for the company’s evaluation of its Baja Fresh chain, which it later sold.
Revenue was flat at $633 million compared with $634 million.
Analysts surveyed by Thomson Financial expected earnings of 33 cents a share on revenue of $632 million.
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