Wendy's beats U.S. same-store sales estimates as customers return to restaurants

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Reduced restrictions on travel and restaurant capacity as well as reopening of offices have boosted sales at major U.S. restaurant chains, including McDonald’s Corp (NYSE:MCD), Starbucks Corp (NASDAQ:SBUX) and Chipotle Mexican Grill Inc (NYSE:CMG).

Wendy’s (NASDAQ:WEN) also benefited from the breakfast menu it launched last year, which includes the crowd-favorite Baconator burger.

U.S. same-store sales for the second quarter rose 16.1%. Analysts were expecting a growth of 15.3%, according to IBES data from Refinitiv.

The hamburger chain also forecast global system-wide sales growth between 11% and 13% in 2021, compared with its previous range of 8% to 10%.