Wendy's International Inc. reported a fourth-quarter profit after selling real estate.
Net income was $30 million, or 25 cents a share. A year earlier, Wendy's lost $141.4 million, or $1.25, after the company wrote down the value of its Baja Fresh Mexican Grill chain.
Sales in the quarter declined 0.1% to $977.3 million, Dublin, Ohio-based Wendy's said.
Sales at stores open at least a year, a key measure of retail health, fell 2.9% in the quarter. Comparable sales at rival McDonald's climbed 4.1%.
In addition to increased competition, Wendy's said it was still recovering from a woman's false claim in March that she found a human finger in a bowl of chili at a Wendy's outlet.