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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| February 02, 2004 | COPYRIGHT 2004 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

FOOD

Ethanol, syrup fuel ADM profit

Archer Daniels Midland, the No. 1 U.S. food processor, earned 37 cents ex-items, 105% over last year and 10 cents above views. Revenue at the agribusiness giant rose 18% as corn processing and wheat processing results improved due to higher volumes and selling prices of ethanol and corn sweetener and a bigger North American wheat crop. Shares were flat.

Wendy's Q4 profit grows 27%

The No. 3 U.S. fast food chain made 56 cents a share, 12 cents over the year-ago quarter and 2 cents over views, thanks to customers lured away from other chains by new, Atkins-friendly products like Homestyle Chicken Strips. Same-store sales rose 7.6% at Wendy's restaurants; Wendy's Mexican franchise Baja ...

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