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

December Yields Seventh-Consecutive Positive Same-Store Sales Period and Strongest Monthly Performance Since May 2004

DUBLIN, Ohio -- Wendy's International, Inc. (NYSE:WEN) today announced preliminary same-store sales of 3.1% at U.S. company stores and 2.7% at U.S. franchised restaurants for its fourth quarter, which ended on Sunday, December 31.

"We closed the year with same-store sales of 6.1% in December, which is our strongest month in two and a half years," said Chief Executive Officer and President Kerrii Anderson. "We have made tremendous progress in improving our sales performance in the past three quarters, after a difficult first quarter. We are proud that we achieved positive same-store sales for the full year in 2006.

"We are also pleased that we finished the year with company store average unit volumes of $1.4 million, which equals the all-time high for Wendy's[R]."

In October, Wendy's promoted its 99-cent junior bacon cheeseburger and 99-cent crispy chicken sandwich. Wendy's promoted its new Double Melt cheeseburgers and also introduced a reloadable gift card program in November. During December, Wendy's reintroduced its Chicken Club sandwich, featuring a chicken fillet, natural Swiss cheese, bacon, mayonnaise, tomato and lettuce on a Kaiser roll.

"Our strong promotional calendar, menu management, product innovation and improved marketing have been the driving forces behind the positive sales momentum we have generated over the past three quarters," Anderson said. "We expect to see similar quarterly sales results in the coming year and anticipate a strong start in 2007.

"We are working diligently to improve all aspects of operations - friendliness, speed of service, order accuracy and cleanliness of our restaurants - to drive transactions during 2007," Anderson said. "We believe the best way to improve the financial performance of our restaurants is with better operations.

"We also plan to invest approximately $60 million in 2007 to upgrade our existing company restaurants, in addition to the $25 million in incentives we will offer to franchisees who remodel their stores according to our standards," Anderson said. "This is consistent with our previously announced plan to slow development and focus on driving sales and profits in our existing restaurants."

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Fourth-quarter outlook

The Company previously announced that its fourth-quarter beef costs were approximately 4% lower in 2006 than in the fourth quarter of 2005, and that it expects to realize $5 million to $6 million in incremental interest income due to a higher cash balance relative to the fourth quarter of 2005.

The Company also anticipates that it will incur additional costs in the fourth quarter, including $4 million to $8 million in pretax charges for the closure of certain underperforming Wendy's restaurants and approximately $4 million in pretax expense for research and development related to its breakfast test. In addition, the Company expects to record higher expense for performance-based incentive compensation in the fourth quarter of 2006 commensurate with improved second-half core operating results compared to 2005.

Wendy's to promote new deluxe value meals, cranberry pecan chicken salad in first quarter

In January, Wendy's is promoting its new double junior cheeseburger and crispy chicken deluxe value meals. These combo meals include a sandwich, small order of fries and a 20-ounce cold drink at a suggested price of $2.99. Wendy's will also add a new limited-time seasonal cranberry pecan chicken salad in the first quarter, featuring spring mix greens, Mandarin oranges, chicken, dried cranberries and pecans, with a berry balsamic vinaigrette dressing.

In February, Wendy's will promote several limited-time sandwiches locally, including the bacon mushroom melt cheeseburger, Mozzarella Lovers' Bacon Cheeseburger[R], bacon Swiss chicken sandwich and bacon Swiss cheeseburger.

Company to release fourth-quarter earnings February 2; host analyst meeting February 5

The Company will release fourth-quarter earnings at approximately 8:00 a.m. on Friday, February 2.

The Company also plans to host a meeting for analysts and investors to discuss its updated strategic plan and financial outlook for 2007 on Monday, February 5 from 11:00 a.m. to approximately 3:30 p.m. EST. The meeting, which will be available simultaneously as a conference call and webcast, will be held at the Company's headquarters in Dublin, Ohio. Interested parties can:

* Attend in person at Wendy's International headquarters, One Dave Thomas Boulevard; Dublin, Ohio; 43017: RSVP to Karren Martin-Huth at [phone] or [e-mail] by January 15.

* Listen to a simultaneous conference call: The dial-in number is [phone] (North America) or [phone] (outside of North America). No need to register in advance.

* Listen to a simultaneous web cast at www.wendys-invest.com; the call will be archived at that site.

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, with full ownership in its flagship brand, Wendy's Old Fashioned Hamburgers[R], and investments in two other quality brands, Cafe Express and Pasta Pomodoro[R]. More information about the Company is available at www.wendys-invest.com.