CNBC Television Wendys CEO on impact of inflation on business

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: Wendy’s CEO Todd Penegor explained how the fast-food chain could be impacted by rising labor costs and what the company is doing to mitigate the changes. Subscribe to CNBC PRO for access to investor and analyst insights: Rising chicken prices and other commodity costs won’t weigh on Wendy’s operations, but the fast-food chain is feeling the pinch of higher wages, CEO Todd Penegor said on CNBC Wednesday. “From a commodity outlook perspective, because we’re largely locked in, we’re guiding flat to commodities this year, so we’re in a good spot there,” he told Jim Cramer in a “Mad Money” interview, adding the company is seeing a “little bit of pressure on labor — access to labor, cost to labor.” The comments come as the latest inflation data showed consumer prices rose last month at the fastest rate in more than a decade. The Labor Department reported earlier Wednesday that the consumer price index, a measure of inflation, shot up 4.2% from a year ago, higher than economists projected. Wendy’s also reported first-quarter earnings before the market opened. The company said it generated $460 million of revenue and earned 20 cents per share, beating Wall Street’s estimate of $445 million and 20 cents, according to FactSet. In the quarter that ended April 4, global same-store sales rose 13% from a year ago. Shares of Wendy’s declined % to $ as part of a broader market sell-off. » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBCTV