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Thursday, January 27, 2011

Wendy's/Arby's sees higher Wendy's commodity costs, (NYSE: WEN)

Wendy's/Arby's Group Inc (WEN.N) said higher costs for fresh beef will contribute to higher commodity costs of about 2 percent to 3 percent at its Wendy's hamburger chain this year. "Beef remains our largest risk," Chief Financial Officer Stephen Hare said on a webcast from the company's investor day on Thursday. Beef and chicken each represent 20 percent of Wendy's food and paper costs.

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