Wendy’s/Arby’s CFO: Killing Cows and Pigs Isn’t as Profitable as It Used to Be
This is especially troublesome for the House that Dave Thomas partially built because eating more produce isn’t an option for most Americans.
Higher costs for commodities like beef and bacon will take a bite out of margins at Wendy’s/Arby’s Group (WEN.N) in the second half of 2010, an executive for the No. 3 U.S. fast-food chain said on Tuesday.
“Beef and bacon are two commodities that have been troublesome to us in this current environment,” Steve Hare, Wendy’s/Arby’s chief financial officer, said at an investor conference.
Beef, bacon to bite margins at Wendy’s/Arby’s: CFO [Reuters]