Wendy's reported weaker than expect results as Q2 income fell 32% amid rising costs and weak sales. Gross margins continued to slide during the quarter from 46.7% to 45.4%; company same store sales rose .1% while franchised restaurants rose 1.1%.
Triarc's sales for the first quarter of 2008 increased 5.7% to $281.6 million from $266.5 million in the first quarter of 2007. Comparable sales were weak however with the company seeing a 1.6% decrease in same-store sales at company-owned restaurants during the period; system wide same-store sales increased 0.4%.