FDD Talk: Average, High, and Low Gross Sales of Wendy’s Corporate-Owned and Franchised Restaurants

Highlights of Wendy’s Item 19 Financial Performance Representations (2011 FDD)

• As of the end of fiscal year 2010 (January 4, 2010 to January 2, 2011), there were 1,241 domestic Wendy’s Old Fashioned Hamburgers Restaurants owned by Wendy’s; and 4,547 domestic Wendy’s Old Fashioned Hamburgers Restaurants owned by Wendy’s franchisees, which had been open at least 15 months and opened prior to the start of fiscal year 2010.

• In counting the Wendy’s restaurants for Item 19, Wendy’s does not include:  (i) new stores that were opened during the fourth quarter of 2009 or during the fiscal year 2010; (ii) stores that were closed for more than a week and reopened during the fourth quarter of 2009 or during the fiscal year 2010; and (iii) stores purchased by franchisees from Wendy’s during the fourth quarter of 2009 or during the fiscal year 2010.

• As a prospective franchisee, you must bear in mind that a newly opened business cannot be expected to achieve sales volumes similar to those of an established business. In addition, actual financial results will vary by restaurant and type of restaurant, and Wendy’s cannot estimate or predict the results of any particular restaurant location.