NEW YORK – The Wendy’s/Arby’s Group reported Thursday that both chains swung to losses for the third quarter because of slowing sales and the costs of a major acquisition.
Triarc Cos. Inc., which operates Arby's, bought the nation's No. 3 hamburger chain in a deal that closed in September. Because the acquisition wasn't complete until the end of the quarter, Triarc did not combine the results of the two companies in its quarterly report.