Wendy’s Cuts Sales Guidance as US Consumers Tighten Belts

Wendy’s Co. cut its full-year sales guidance after posting a bigger-than-expected quarterly decline, highlighting the economic pressures weighing on the chain’s US business.

The chain now expects global system-wide sales to fall between 3% and 5% this year, while it previously foresaw they could be flat to down 2%, the company said Friday. System-wide sales includes results from all locations, including those that opened recently.