Nov 6 (Reuters) - Wendy’s Co missed Wall Street expectations for quarterly sales at its established outlets in North America on Tuesday, as the burger chain struggled to lure diners in a fiercely competitive U.S. fast-food industry.
Net income rose to $391.2 million, or $1.60 per share, in the third quarter, from $13.7 million, or 5 cents per share, a year earlier.
The company’s same-restaurant sales in North America fell 0.2 percent in the quarter. Analysts on average were expecting same-store sales to rise 1.84 percent, according to IBES data by Refinitiv. (Reporting by Aishwarya Venugopal and Saumya Sibi Joseph in Bengaluru; Editing by Shounak Dasgupta)