Aug 9 (Reuters) - U.S. burger chain Wendy’s Co reported better-than-expected quarterly sales, helped by higher franchise revenue and rental income.
The company swung to a net loss of $1.85 million or 1 cent per share, in the second quarter ended July 2, compared with a profit of $26.48 million, or 10 cents per share, a year earlier.
The latest quarter included $41.1 million in losses related to acquiring and selling some restaurants.
The company’s revenue fell 16.3 percent to $320.34 million. Analysts on average had expected $301.7 million, according to Thomson Reuters I/B/E/S. (Reporting by Karina Dsouza in Bengaluru; Editing by Maju Samuel)