Wendy's International, Inc. Announces Second-Quarter Same-Store Sales

    Sales positive at company-operated and franchise restaurants

    DUBLIN, Ohio, July 10 /CNW/ -- Wendy's International, Inc. (NYSE:   WEN)
today announced preliminary average same-store sales for the second quarter of
2008, which ended on Sunday, June 29.
    (Logo:  http://www.newscom.com/cgi-bin/prnh/20080104/CLF020LOGO )
    Average same-store sales at U.S. company-operated restaurants increased
0.1% during the quarter, compared to a 0.7% increase during the same quarter a
year ago.  Average same-store sales at U.S. franchise restaurants increased
1.1% during the quarter, compared to an increase of 0.4% during the same
quarter a year ago.
    "We are encouraged that sales trends improved compared to the previous
two quarters and were positive for the period, especially at franchise
restaurants which represent 84% of our system.  It is important to drive sales
momentum in the second half of the year as we expect continued pressures from
escalating commodity costs, a weakened economy and a challenging competitive
environment," said Chief Executive Officer and President Kerrii Anderson.
    "As we focus on growing sales and profits at every Wendy's(R) restaurant,
our value platform will continue to evolve to meet the needs of today's
price-sensitive consumers," added Anderson.  "In addition, we will leverage
Wendy's quality position with premium products, including our latest menu
addition featuring a warm chicken fillet on our outstanding entrC)e salads."
    The Company faced a calendar shift with the Easter holiday falling in the
first quarter of 2008 (March 21-23), opposed to the second quarter a year ago
(April 6-8).  This positively impacted same-store sales at company-operated
restaurants by an estimated 0.3% during the quarter.
    Quality is what Wendy's does best
    Wendy's recently re-launched its premium salad lineup with national
advertising, featuring the transition from cold chicken to a warm chicken
fillet available in three varieties - Grilled, Homestyle, or Spicy -- on its
entrC)e salads.  The Company also introduced a new line of premium,
Marzetti(R) salad dressings that are all-natural with no preservatives.  Light
or fat free options are available.  In addition, Wendy's has reduced the
sodium level in each of its salad dressings by about 10 to 15 percent compared
to previous options.
    In June, the Company introduced its new Frosty(R) Shakes, which are
hand-spun in three flavors: Vanilla Bean, Chocolate Fudge and Strawberry.  The
shakes highlight Wendy's commitment to quality, using syrups made from real
vanilla beans, five kinds of cocoa and real strawberries.
    Also during the quarter, Wendy's launched its new Chicken Go Wraps,
featuring a center-cut, chicken breast fillet - available Grilled, Homestyle,
or Spicy -- with cheddar cheese, fresh lettuce and Ranch or Honey Mustard
sauce wrapped in a warm flour tortilla.
    In addition, Wendy's introduced for a limited-time its popular Southwest
Chicken Caesar salad, featuring seasoned chicken, corn, black beans and grape
tomatoes served on freshly-chopped Romaine lettuce - garnished with shredded
natural Parmesan cheese, garlic croutons and a zesty Southwest Caesar

    Preliminary Second-Quarter Average Same-Store Sales Summary

                               2Q 2008             2Q 2007

    U.S. Company                 0.1%                0.7%
    U.S. Franchise               1.1%                0.4%

    Monthly Average Same-Store Sales Summary for April, May and June

                    Apr 2008  Apr 2007  May 2008  May 2007  Jun 2008  Jun 2007

    U.S. Company       0.2%      0.6%     -0.7%      0.9%      0.7%     0.6%
    U.S. Franchise     1.1%      0.5%      0.4%      0.5%      2.0%     0.0%
    Company plans second-quarter disclosure
    The Company plans to release its 2008 second-quarter results on Tuesday,
August 5, the same day that Triarc Companies, Inc. (Arby's) plans to release
its earnings.   Due to the execution of the definitive merger agreement
between Wendy's and Triarc, which was announced on April 24, 2008, management
does not plan to hold a conference call to discuss second-quarter results.
    Safe Harbor statement
    Certain information in this news release, particularly information
regarding future economic performance and finances, and plans, expectations
and objectives of management, is forward looking.  Factors set forth in our
Safe Harbor under the Private Securities Litigation Reform Act of 1995, in
addition to other possible factors not listed, could affect the Company's
actual results and cause such results to differ materially from those
expressed in forward-looking statements.  Please review the Company's Safe
Harbor statement at http://www.wendys-invest.com/safeharbor.
    Wendy's International, Inc. overview
    Wendy's International, Inc. is one of the world's largest and most
successful restaurant operating and franchising companies.
    Wendy's received brand, food and operations accolades from:
    -- Zagat Survey(R), a leading global provider of consumer survey content,
which named Wendy's as having the best hamburgers in the quick-service
restaurant industry. In addition, Wendy's ranked first among quick-service
"mega-chains" (i.e., those with at least 5,000 outlets) for food, facilities
and popularity.
    -- QSR(R) Magazine's 2007 Consumer Survey recently rated Wendy's as
consumers' favorite quick-service restaurant (QSR) for the second-straight
    -- Speedy service earned Wendy's the top spot for fastest drive-thru
times once again, according to QSR Magazine's 2007 Drive-Thru Study.
    More information about the Company is available at www.wendys-invest.com.
    In connection with the proposed merger, Triarc filed a Registration
Statement on Form S-4 on June 2, 2008 with the SEC (Registration No. 333-
151336) that includes a preliminary joint proxy statement of Triarc and
Wendy's and that also constitutes a preliminary prospectus of Triarc. Before
making any voting decision, Triarc and Wendy's urge investors and security
holders to read the definitive joint proxy statement/final prospectus
regarding the proposed merger when it becomes available because it will
contain important information. Triarc and Wendy's each will mail the
definitive proxy statement/final prospectus to its stockholders.  You may
obtain copies of all documents filed with the SEC regarding this transaction,
free of charge, at the SEC's website (www.sec.gov). You may also obtain these
documents, free of charge, from Triarc's website (www.triarc.com) under the
heading "Investor Relations" and then under the item "SEC Filings and Annual
Reports." You may also obtain these documents, free of charge, from Wendy's
website (www.wendys.com) under the tab "Investors" and then under the heading
"SEC Filings."
    Triarc, Wendy's and their respective directors, executive officers and
certain other members of management and employees may be soliciting proxies
from Triarc and Wendy's stockholders in favor of the stockholder approvals
required in connection with the merger.  Information regarding the persons who
may, under the rules of the SEC, be considered participants in the
solicitation of the Triarc and Wendy's stockholders in connection with the
stockholder approvals required in connection with the proposed merger is set
forth in the proxy statement/prospectus contained in the above-referenced
Registration Statement on Form S-4. You can find information about Triarc's
executive officers and directors in its Amendment No. 2 to its Form 10-K filed
with the SEC on April 25, 2008. You can find information about Wendy's
executive officers and directors in its Amendment No. 1 to its Form 10-K filed
with the SEC on April 28, 2008. Additional information about Triarc's
executive officers and directors and Wendy's executive officers and directors
can be found in the above-referenced Registration Statement on Form S-4. You
can obtain free copies of these documents from Triarc and Wendy's using the
contact information above.

For further information:

For further information: Investors: Marsha Gordon, +1-614-764-3019,
marsha_gordon@wendys.com, or Kim Messner, +1-614-764-6796,
kim_messner@wendys.com; Media: Denny Lynch, +1-614-764-3553,
denny_lynch@wendys.com, or Bob Bertini, +1-614-764-3327,
bob_bertini@wendys.com Web Site: http://www.wendys-invest.com

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890