UPDATE 2-Burger chain Wendy's bigger menu adds spice to earnings

Wed Nov 4, 2015 11:09am EST
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* Same-restaurant sales in North America rise 3.1 pct

* Company to sell more restaurants to franchisees

* Earnings per share forecast at high end of 31-33 cents

* Shares rise more than 5 pct (Adds details, background, share price)

By Nayan Das

Nov 4 (Reuters) - Burger chain Wendy's Co reported better-than-expected quarterly same-restaurant sales, pulling in customers in North America with an expanded menu and refurbished restaurants.

Shares of Wendy's rose more than 5 percent on Wednesday to their highest in nearly three months.

The third-largest U.S. burger chain has added more pork and chicken to its menu in recent months, bringing back the "Spicy Chicken Sandwich" and launching a new line of "Baconator" fries to accompany the burger of the same name.

To cut costs, the company is also shedding most of its restaurants in aggressive pursuit of the franchising model favored by fast-food rivals such as McDonald's Corp and Restaurant Brands International Inc's Burger King.   Continued...