Wendy's on Block as Stale Sales Sink Earnings

Wendy's is looking for buyers as the hamburger chain's earnings and market share plummet. Aggressive competition from McDonald's and Burger King as well as soaring beef and dairy prices have taken a  big bite out of Wendy's bottom line, the Wall Street Journal reports.

It's not a great time to sell hamburgers—or fast food chains. Applebee's is looking for a buyer and Outback has just been bought by two private equity firms; this is the third time Wendy's has floated the idea of a sale. One possibility is that billionaire Nelson Peltz, who already has a significant holding, could attempt to take the company private. Peltz's Triarc Co. owns Arby's. (More McDonald's stories.)