Shares of Wendy’s Co. slumped Thursday, after the fast-food burger chain reported fourth-quarter profit that disappointed Wall Street, amid higher cloud-computing costs, and provided a 2024 outlook that was below forecasts.

The company also announced investments to boost growth, including $55 million in breakfast advertising, $15 million to support digital growth through mobile-app enhancements and $30 million for the rollout of digital menu boards.

The…

Master your money.

Subscribe to MarketWatch.

Get this article and all of MarketWatch.

Access from any device. Anywhere. Anytime.


Subscribe Now



Source link