Wendy’s/Arby’s Group, Inc. - Conference Presentation Calls

Wendy's/Arby's Group Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenues of $903,221,000, operating profit of $56,822,000, income from continuing operations before income taxes of $22,421,000, income from continuing operations $14,266,000, net income of $14,688,000 or $0.03 basic and diluted per common stock, adjusted EBITDA of $124,387,000 compared with revenues of $310,371,000, operating profit of $3,797,000, loss from continuing operations before income taxes of $10,428,000, loss from continuing operations $13,366,000, net loss of $12,147,000 or $0.13 basic and diluted per common stock, adjusted EBITDA of $114,000,000 over the same period last year. The decrease in revenue of $11.2 million was primarily due to lower company same-store sales resulting from the reduction in the number of company-operated restaurants serving breakfast, the negative effect of foreign exchange rates and fewer overall restaurants. EBITDA was $119,370,000 against $44,245,000 a year ago. Adjusted EBITDA was $124,387,000 against $114,000,000 a year ago. For the nine months, the company reported revenues of $2,679,892,000, operating profit of $127,263,000, income from continuing operations before income taxes of $30,129,000, income from continuing operations $18,234,000, net income of $18,656,000 or $0.04 basic and diluted per common stock compared with revenues of $926,239,000, operating profit of $20,102,000, loss from continuing operations before income taxes of $100,034,000, loss from continuing operations $87,742,000, net loss of $86,523,000 or $0.94 basic and diluted per common stock over the same period last year. EBITDA was $301,740,000 against $204,960,000 a year ago. Adjusted EBITDA was $321,849,000 against $292,525,000 a year ago.

Wendy’s/Arby’s Group Inc. reported earnings results first nine months of 2009. For the period, net cash generated from operations was $186 million. Capital expenditures were $65.3 million. The company anticipates total capital expenditures for the full year 2009. The company expects approximate $125 million, a reduction from its original $140 million plan. This reduction reflects a disciplined management approach to resource allocation, in response to the current economic environment. The company expect to deliver mid-teens EBITDA growth in 2009.