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Wendy’s swings to 4Q profit minus Arby’s

SHARE Wendy’s swings to 4Q profit minus Arby’s

NEW YORK — Wendy's is still recovering from its split with Arby's.

The Dublin, Ohio-based company on Thursday said it swung to a fourth-quarter profit of $3.9 million, or 1 cent per share, compared with a net loss of $10.8 million, or 3 cents per share, last year, when it was still a single company with the Arby's roast beef chain.

Revenue rose 6 percent to $538.5 million.

The figures confirmed preliminary results released in January that showed revenue at restaurants open at least a year climbed 4 percent in North America, the highest in nearly eight years.

Wendy's sold Arby's to a private equity firm last summer to focus on improving its namesake brand.

Wendy's says higher prices and new menu items helped drive sales and traffic in the quarter.