The Wendy’s Company Reports Audited Fourth-Quarter and Full-Year Results for 2011
Full-Year North America Company-Operated Same-Store Sales Increased 2.0% in 2011
Company’s U.S. Average Unit Volume for 2011 Reaches All-Time High of $1.46 Million
March 01, 2012 // Franchising.com // DUBLIN, Ohio – The Wendy’s Company (NASDAQ: WEN) today reported its audited results for the fourth quarter and full year ended Jan. 1, 2012 in its Form 10-K filing with the Securities and Exchange Commission. The Company had previously issued preliminary results for the 2011 fourth quarter and full year in conjunction with its Investor Day on Jan. 30, 2012. The audited results are the same as the preliminary results.
The Company’s comparative Consolidated Statements of Operations for the fourth quarter and full year and the Company’s comparative balance sheet data appear at the end of this news release. See “Disclosure Regarding Non-GAAP Financial Measures” below for a reconciliation of the non-GAAP measures (i.e., Adjusted EBITDA and Adjusted Earnings Per Share) that appear in this release. References in this release to earnings per share and Adjusted Earnings Per Share reflect earnings per share from continuing operations and Adjusted Earnings Per Share from continuing operations, respectively.
Highlights from 2011 disclosed in the Form 10-K filing include the following:
- Wendy’s® North America Company-operated restaurants generated a full-year same-store sales increase of 2.0 percent.
- The Company’s U.S. Average Unit Volume (AUV) grew to an all-time high of $1.46 million.
- The Wendy’s system opened 89 new restaurants and closed 71 restaurants, for a net increase of 18 new restaurants, bringing the total number of worldwide restaurants to 6,594.