Shares of Wendy's (WEN) fall 3.4% in premarket trading after missing the estimate of analysts...

|About: The Wendy's Company (WEN)|By:, SA News Editor

Shares of Wendy's (WEN) fall 3.4% in premarket trading after missing the estimate of analysts with its Q1 report and lowering its outlook for 2012 EBITDA. Hedgeye's Howard Penney says the report is even worse after factoring in that the company changed how it calculates same-store sales in a move that gave it a 30 bp benefit.