Wendy’s International, Inc. Announces First-Quarter Same-Store Sales Increase of 3.8%
at Company Restaurants
Company Produces Ten Consecutive Months of Positive Same-Store Sales
DUBLIN, Ohio (April 5, 2007) – Wendy’s International, Inc. (NYSE: WEN) today announced preliminary same-store sales for the first quarter of 2007, which ended on Sunday, April 1. Sales at U.S. company restaurants increased 3.8% for the period, while sales at U.S. franchise restaurants increased 3.7%.
“We have produced ten consecutive months of positive same-store sales, dating back to the second quarter of 2006,” said Chief Executive Officer and President Kerrii Anderson. “Our new menu management strategy enabled us to continue our momentum, despite challenging weather conditions in various parts of the country during February and early March.”
First-quarter promotional calendar
In January, Wendy’s® promoted 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 also added 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 promoted several limited-time sandwiches locally, including the bacon mushroom melt cheeseburger, Mozzarella Lovers’ Bacon Cheeseburger®, bacon Swiss chicken sandwich and bacon Swiss cheeseburger.
In March, Wendy’s turned up the heat with its new 4-Alarm Spicy Chicken sandwich. The sandwich features a spicy chicken fillet topped with natural pepper jack cheese, 4-Alarm Chipotle sauce, jalapeno pepper slices, tomato and romaine lettuce, served on freshly baked artisan bread.
Second-quarter promotions include new Chunky Chicken Salad Frescata and Double Melt cheeseburgers
Wendy’s is currently promoting its new Chunky Chicken Salad Frescata™ deli sandwich. Featuring juicy chunks of all-white meat chicken blended with celery, onions and green peppers in a Dijon ranch sauce, the sandwich is topped with tomato and romaine lettuce and served on freshly baked artisan bread.
Later this month, Wendy’s will promote its latest Double Melt cheeseburger offerings. The Steakhouse Double Melt features two fresh ground beef patties layered with bacon, warm Swiss cheese sauce, sautéed onions and mushrooms, and peppercorn sauce. The Bacon Swiss Double Melt features two fresh ground beef patties, bacon, warm Swiss cheese sauce and a slice of Swiss cheese.
Preliminary First-Quarter Same-Store Sales Summary
|
1Q 2007 |
1Q 2006 |
U.S. Company |
3.8% |
(4.8%) |
U.S. Franchise |
3.7% |
(5.2%) |
Monthly Same-Store Sales Summary for January, February and March
|
Jan. 2007 |
Jan. 2006 |
Feb. 2007 |
Feb. 2006 |
March 2007 |
March 2006 |
U.S. Company |
4.8% |
(4.8%) |
3.3% |
(6.4%) |
3.6% |
(3.2%) |
U.S. Franchise |
4.7% |
(4.6%) |
2.7% |
(6.8%) |
3.7% |
(4.1%) |
Company plans First-Quarter Disclosure and Annual Meeting
Management plans to release its 2007 first-quarter results after the market closes on April 25, 2007.
The Company’s Annual Meeting of Shareholders is set for 9:00 a.m. ET on April 26, 2007. The meeting will be held at the Company’s corporate office in Dublin, Ohio, and will be webcast on www.wendys-invest.com.
A conference call and webcast to discuss the Company’s first quarter results will be held at 1:00 p.m. ET on April 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 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. More information about the Company is available at www.wendys-invest.com.
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