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Wendy's cuts 2012 forecast, citing higher costs

Wendy's

The Wendy's Co. on Tuesday reported a first-quarter profit that missed Wall Street expectations and cut its forecast for the year, as the hamburger chain struggled in its revival efforts amid higher costs for fresh beef and weaker-than-expected sales.

 

McDonald's Profit Rises 15%

McDonald's reported a 15% rise in quarterly profit on sharply higher revenue, though it expects sales growth to ease this month.

 

McDonald's sales figure rises 6 percent in April

Strong sales of McDonald's McCafe drinks and breakfast items in April drove a key revenue measurement up 6 percent worldwide.

 

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