Wendy's sees revenue increase

Western Investor
December 27, 2012

The Wendy's Company, owner of the Wendy's restaurant franchise chain, has reported consolidate revenue of $626.3 million for the third quarter of 2012, an increase of 4.1 per cent from the preceeding quarter.

Wendy's North America company-operated restaurants generated a same-store sales increase of 2.7 per cent. Franchise same-store sales in North America increased 2.9 per cent during the quarter.

However, due in part to a $49.9 million pretax charge related to the early retirement of debt, the company reported a net loss from continuing operations of $26.7 million. This compares with net income from continuing operations of $2.5 million in the third quarter of 2011.

"Our top-line momentum continues as we generated our sixth-consecutive quarter of same-store sales growth, including a two-year same-store sales increase of 4.5 per cent, in the third quarter," president and CEO Emil Brolick said.

A Wendy's franchise fee is $5,000, but the total investment required is between $260,000 and $480,000 if the restaurant is set up on lease property.

from Western Investor January 2013

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