Wendy´s: announces strong and improved Q3 results

Dublin / OH. (wi) Wendy´s International Inc. announced strong financial results for the third quarter of 2007, reflecting the continuing turnaround of the business, significantly improving restaurant margins and cost controls.

Including third-quarter pre-tax expenses related to the Board´s Special Committee of 13,4 USD and 2,4 million USD of pre-tax restructuring charges (as used throughout, restructuring charges include pension settlement charges), the Company reported income from continuing operations of 28,8 million USD and diluted EPS of 0,33 USD in the third quarter of 2007, compared to 23,7 million USD and 0,20 USD per share in the third quarter of 2006. Earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations were 79,2 million USD in the third quarter of 2007, up 35,8 percent from 58,3 million USD in the third quarter of 2006.

Excluding expenses related to the Board´s Special Committee and restructuring charges, the Company reported for the third quarter of 2007 adjusted income from continuing operations of 38,6 million USD and diluted earnings per share of 0,44 USD, compared to 24,9 million USD and 0,21 USD per share in the third quarter of 2006. Excluding expenses related to the Board´s Special Committee and restructuring charges, adjusted EBITDA for the third quarter 2007 was 95 million USD, up 57,3 percent from 60.3 million USD in the third quarter of 2006.

Exchange rate on October 26th, 2007:
100 Euro (EUR) = 142,835 US Dollar (USD)
100 US Dollar (USD) = 70.01085 Euro (EUR)

Attention: A detailed description of the results for the third quarter Wendy’s International, Inc. has printed as PDF file (13 pages | 236KB).