Wendy's International, Inc. Announces Third-Quarter Same-Store Sales.5th Consecutive Quarter of Positive Same-Store Sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. DUBLIN, Ohio Dublin is a city in Delaware, Franklin, and Union counties in the U.S. state of Ohio. The population was 31,392 at the 2000 census. In 2006, the population was estimated to be 36,565[1], and Dublin continues to be one of the fastest-growing suburbs of Columbus. -- Wendy's International Wendy's International, Inc. NYSE: WEN is the parent company of Wendy's Old Fashioned Hamburgers. It also owns 70 percent of Cafe Express and 25 percent (fully diluted) of Pasta Pomodoro. The Tim Hortons chain was spun off by Wendy's into a separate company in September 2006. , Inc. (NYSE NYSE See: New York Stock Exchange :WEN wen, benign, slow-growing, painless cyst of the skin resulting from obstruction of the sebaceous gland ducts. It is frequently found on the scalp, ears, face, back, or scrotum. Usually no treatment is required. Large wens may be surgically removed. ) today announced preliminary average same-store sales for the third quarter of 2007, which ended on Sunday, September 30. Average same-store sales at U.S. company restaurants increased 0.2% for the quarter, compared to 4.1% during the same quarter a year ago. Year-to-date average same-store sales at U.S. company restaurants are up 1.5%. Average same-store sales at U.S. franchise restaurants increased 1.3% for the quarter, compared to 3.9% during the same quarter a year ago. Year-to-date average same-store sales at U.S. franchise restaurants are up 1.8%. "We are encouraged by another quarter of positive same-store sales growth - our fifth in a row - as we continue to successfully execute our strategic plan and the turnaround of the Wendy's[R] business," said Chief Executive Officer and President Kerrii Anderson. "We are intensely focused on improving restaurant operations and enhancing the overall customer experience, and we look to accelerate our progress. "We have initiatives in place to grow sales and profits at every restaurant in the system," added Anderson. "Our positive performance is due to the accomplishments of our employees and franchisees who focus every day on running great restaurants." Wendy's third-quarter promotions In July, Wendy's introduced its latest premium hamburger, the Baconator[TM]. The Baconator features a half-pound of fresh, never frozen beef, six strips of hickory-smoked bacon, topped with American cheese, ketchup and mayonnaise. Wendy's in August introduced limited-time offerings at the local-market level, including its Chicken Cordon Bleu Noun 1. chicken cordon bleu - thin slices of chicken stuffed with cheese and ham and then sauteed dish - a particular item of prepared food; "she prepared a special dish for dinner" , Monterey Ranch, and Wendy Melt premium sandwiches. In September, the Company promoted its Super Value Menu[R], featuring its Junior Bacon Cheeseburger and 5-piece Crispy Chicken Nuggets, both quality-favorites among the younger, price-sensitive consumer. Additionally, Wendy's "Red Wig" marketing campaign continued to break through with targeted younger customers who frequent quick-service restaurants. Wendy's to feature its Super Value Menu and Combo Choices in the fourth quarter In October, Wendy's continues to promote its Super Value Menu. Also this month, the Company will promote its Combo Choices, allowing customers to mix-and-match their favorite sandwich, drink and choice of a side item. Side items available in a Wendy's Combo meal include fries, a baked potato, side salad, Caesar side salad, chili, low-fat yogurt with granola, or Mandarin oranges - at no extra cost. Wendy's continues expansion of its new breakfast menu The Company has completed the roll-out of its new breakfast menu to more than 750 restaurants, of which 40% are franchised locations. The Frescuit[TM], Wendy's top-selling breakfast sandwich A breakfast sandwich is a sandwich served at breakfast. Breakfast sandwiches typically are made using breakfast meats, breads, eggs and cheese. These sandwiches were typically regional specialties until fast food restaurants began serving breakfast. , is made with a "fresher biscuit" that's baked in the restaurants daily. In addition, breakfast values, including the Sausage & Egg Burrito, and Wendy's new proprietary coffee - Custom Bean[TM] by Folgers Gourmet Selections[TM] - are proving popular with Wendy's customers. [TABLE OMITTED] [TABLE OMITTED] Company plans third-quarter disclosure Management plans to release its 2007 third-quarter results after the market closes on October 25, 2007. A conference call and webcast to discuss the Company's results will be held at 8:00 a.m. ET on October 26, 2007. The dial-in number is (877) 572-6014 (U.S. and Canada) or (706) 679-4852 (International). A simultaneous webcast will also be available at www.wendys-invest.com. The call will also be archived at that site. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 recently received brand, food and operations accolades from: * Zagat Survey Zagat Survey (pronounced za-GAT)[1] was established by Tim and Nina Zagat in 1979 as a way to collect and correlate the ratings of restaurants by diners. For their first guide, covering New York City, the Zagats surveyed their friends. [R], a leading global provider of consumer survey content, which recently 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. * This year's American Customer Satisfaction Index The American Customer Satisfaction Index (ACSI) is a leading indicator of consumer behavior, measuring the satisfaction of consumers across the U.S. economy. The ACSI interviews approximately 80,000 Americans annually and asks about their satisfaction with the goods and (ACSI ACSI Association of Christian Schools International ACSI American Customer Satisfaction Index ACSI Association Canadienne des Sciences de l'Information (French) ACSI American Communications Services, Inc. ) survey, produced by the University of Michigan's Stephen M. Ross For other persons named Stephen Ross, see Stephen Ross (disambiguation). New York City-based real estate developer Stephen M. Ross is founder, chairman and CEO of The Related Companies, L.P. Business School, ranked Wendy's in the top spot for customer satisfaction in the "limited service restaurants" category. * QSR QSR Quick Service Restaurant QSR QoS (Quality of Service) Satisfaction Rate QSR Quality System Regulations QSR Quality Status Report QSR Quality System Review QSR Quarterly Status Report QSR Quality System Requirement [R] Magazine's 2007 Consumer Survey recently rated Wendy's as consumers' favorite quick-service restaurant (QSR) for the second-straight year. More information about the Company is available at www.wendys-invest.com. |
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