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Quick Takes

HONORED: The West Virginia Department of Environmental Protection on Monday honored Chevron Appalachia, the local operating division of San Ramon, Calif.-based Chevron Corp., for operational excellence in completing environmental reclamation work at the company’s natural gas well sites in Marshall County.

The Oil and Gas Reclamation Award, which is based on independent evaluation by state regulators during inspections, recognizes Chevron’s work reclaiming land around its natural gas well sites in West Virginia. The award was presented by the DEP at the Independent Oil and Gas Association of West Virginia’s winter meeting.

“Environmental stewardship is a top Chevron priority throughout all phases of our operations,” Chevron Appalachia President Stacey Olson said. “This award reflects that commitment as well as the hard work of our employees and partners who fully understand the importance of preserving the land and the environment where we work and live.”

Inspectors with the DEP score the reclamation work at each natural gas production site on a scale of 0 to 99. Chevron had the highest scores in its division, averaging a 99 on its 20 permits in Marshall County.

american boy: For the first time in its more than 30-year history, American Girl will sell a boy version of its pricey dolls.

The 18-inch “Logan Everett” doll will go on sale this week. American Girl, which is owned by Barbie maker Mattel Inc., says Logan is a drummer and will come with a doll-sized drum kit.

It’s the latest move by Mattel to be more relevant to iPad-playing kids and their parents. A boy appeared in a Barbie commercial for the first time two years ago. And Barbie got a major makeover last year, giving the iconic doll several ethnicities and body shapes.

To boost sales, Mattel Inc., which is based in El Segundo, Calif., began selling American Girl dolls in Toys R Us stores late last year. Sales of the brand rose 4 percent during the last three months of 2016.

CANADA GOOSE IPO: Canada Goose, the coat maker known for its high-end down jackets, has filed for an initial public offering.

It plans to trade under the ticker symbol “GOOS” on the New York Stock Exchange and Toronto Stock Exchange.

The Canadian company, founded in 1957, sold a 70 percent stake to private equity firm Bain Capital in 2013. In the past few years, it has pushed to grow U.S. sales, focusing on the Northeast.

It plans to use IPO proceeds to repay debt and for general purposes. It said the offering could raise $100 million. That may change according to investor demand.

DOWN AT WENDY’S: Wendy’s reported lower fourth-quarter sales fell primarily due to the refranchising of its restaurants.

The maker of Frosty shakes has sold back many of its restaurants to franchisees to focus its business more heavily on franchising, rather than running restaurants. There were also higher operating and labor rates which pressured margins at company-owned restaurants during the last three months of 2016.

Sales edged up 0.8 percent at established North American restaurants. McDonald’s recently reported its sales dipped 1.3 percent at established U.S. locations, while Burger King said sales rose 1.8 percent in the U.S. and Canada.

Wendy’s Co. expects comparable-store sales to rise between 2 percent and 3 percent in North America for this year, in line with Wall Street expectations.

For the quarter ended Jan. 1, Wendy’s earned $28.9 million, or 11 cents per share. Earnings, adjusted for non-recurring gains, came to 8 cents per share. Total revenue was $309.9 million.

For the year, the company reported profit of $129.6 million, or 49 cents per share. Revenue was $1.44 billion.

Wendy’s expects full-year earnings in the range of 45 to 47 cents per share.

Wendy’s shares have climbed 6 percent since the beginning of the year. The stock has risen 48 percent in the last 12 months.

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