date:Jan 15, 2014
Penegor told investors during a presentation on Monday.
While investors are excited, many analysts remain cautious given the intense competition and rising food costs that are eating away at profits across the industry.
Regarding Wendys, the challenge will be to remain ahead of the innovation curve in spite of a lacklustre industry environment, RBC Dominion Securities analyst David Palmer said in a recent note.
He is one of 11 analysts that have a hold recommendation on Wendys, while five see