Wendy’s Says Robust Economy Isn’t Helping Low-Income Diners
“Low-income Americans aren’t frequenting fast-food chains as much, and that’s hurting Wendy’s Co. ‘As you look at the income growth, it’s skewed significantly to higher-income households,’ Wendy’s Chief Executive Officer Todd Penegor said on an earnings call Wednesday. ‘On the low-end you look at folks with rent and health-care costs rising that are eating into some of the headway that they’re making.’”