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Wendy’s raising costs in the face of labor, product inflation


May 11, 2022

Published: May 11, 2022/ 04:59 PM EDT

Upgraded: May 11, 2022/ 05:14 PM EDT

DUBLIN, Ohio ( COLUMBUS ORGANIZATION FIRST)– Wendy’s Co. continues to grow sales, however it’s likewise beginning to increase costs.

The Dublin-based dining establishment chain Wednesday reported its first-quarter outcomes Though it is getting market share in crucial classifications, increasing expenses of labor and food are resulting in cost boosts.

” We require to be wise about it,” CEO Todd Penegor stated of the choice throughout a teleconference with stock experts.

CFO Gunther Plosch, likewise on the call, stated product expenses are up by a high teenagers portion while labor is up in the mid teenagers. Rates on the other hand have actually been upped by a mid-to high-single digit.

For more on this story, go to ColumbusBusinessFirst.com

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