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Wendy's (WEN) Stock Slides on Q2 Sales Growth

NEW YORK (TheStreet) -- Shares of Wendy's (WEN) were retreating in pre-market trading on Wednesday after the company reported solid 2016 second quarter earnings, but lower-than-anticipated same-store sales growth.

Same-store sales in North America increased by 0.4% year-over-year, below analysts' expectations for a 1.9% increase.

Wendy's projects that same-store sales will rise 3% over the full year.

For the second quarter, the Dublin, OH-based fast-food chain reported adjusted earnings of 10 cents per share, higher than analysts' estimates of 9 cents per share.

Revenue for the period...


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