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Wendy's, Dollar see profit up
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March 17, 1999: 8:36 a.m. ET
Burger chain, car rental firm say first-quarter results will beat the Street
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NEW YORK (CNNfn) - Two consumer-focused companies said Wednesday their first- quarter results will be stronger than expected.
Burger chain Wendy's International Inc. said diluted earnings per share for the first quarter, ending April 14, are expected to be 23 cents or 24 cents a share, a 28 percent to 33 percent increase over the 18 cents a year ago.
This would be above the 21 cents a share forecast by analysts surveyed by First Call Corp.
And Dollar Thrifty Automotive, a budget car-rental firm, said first-quarter earnings will exceed 15 cents a share, well above First Call's 6 cents a share estimate and significantly higher than the 3 cents a share for the year-ago period.
Wendy's (WEN) said "average volume units" at its U.S. restaurants have increased about 14 percent this quarter through March 14. Wendy's same-store sales are up about 10 percent, the company said.
The Dublin, Ohio-based company attributed this to "strong sales and aggressive cost controls." Final results will be released May 4.
Shares of Wendy's climbed 1 /4 to 27 1 /4 Tuesday, while shares of Dollar (DTG) dropped 1/8 to 12 3/16. 
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Wendy's
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