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Wendy’s Co exceeded market expectations for same-store sales growth in the United States on Wednesday, as consumers returned to its restaurants following the relaxation of dining restrictions imposed to control the spread of COVID-19.
Reduced limitations on travel and restaurant capacity, as well as the reopening of offices, have improved sales at major U.S. food chains such as McDonald’s Corp (NYSE: MCD), Starbucks Corp (NASDAQ: SBUX), and Chipotle Mexican Grill Inc. (NYSE: CMG). Wendy’s (NASDAQ: WEN) benefited from the breakfast menu it introduced last year, which includes the popular Baconator burger.
Same-store sales in the United States increased 16.1 percent in the second quarter. According to Refinitiv IBES data, analysts expected a 15.3 percent increase.
In addition, the hamburger chain predicts global system-wide sales growth of 11 percent to 13 percent in 2021, up from its previous range of 8 percent to 10%.