The Wendy's Company( WEN- Free Report) reported better-than-expected results in the first quarter of 2018. Adjusted earnings of 11 cents surpassed the Zacks Consensus Estimate of 10 cents by 10%. The bottom line also increased 37.5% year over year, primarily favored by the positive effect of lower tax rate related to share-based payments along with Tax Cuts and Jobs Act of 2017.
Increased revenues also drove earnings.Wendy's Q1 Earnings & Revenues Beat, '18 EPS View Up
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