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Wendy's (WEN) CEO Penegor Blames Election Uncertainty on Sales Slip, FBN Weighs In

NEW YORK (TheStreet) -- Wendy's (WEN) stock is lower on Thursday morning, as the fast food company reported better than expected 2016 second quarter earnings, but a year over year decline in sales for the 2016 second quarter.

Wendy's profit came in at $26.5 million, lower than the $40.2 million from the same period last year. Earnings came in at 10 cents per share on a 22% year-over-year decline in revenue to $382.7 million.