1 month ago
It was the last remaining stake that Wendy's had in Arby's, which it formerly owned. The influx of cash (about $335 million after taxes) will go towards stock buybacks and investing in undefined general company growth.
4 months ago
Curiously, Arby's website says its "Traditional Greek Gyro" is made with "gyro meat," which we think says a bit about how ready it thinks the mass market is ready for lamb.
10 months ago
Sure we're over-restauranted among the chains, but Roark clearly sees an opportunity when well-liked chains see a significant market dip.