This presentation, and certain information that management may discuss in connection with this presentation, contains certain statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). For all such forward-looking statements, we claim the protection of the safe harbor for forward-looking statements contained in the Reform Act.
Many important factors could affect our future results and could cause those results to differ materially from those expressed in or implied by our forward-looking statements. Such factors include, but are not limited to, those identified under the caption "Forward-Looking Statements" in our release issued on October 31, 2024 and in the "Special Note Regarding Forward-Looking Statements and Projections" and "Risk Factors" sections of our most recent Form 10-K / Form 10-Qs.
In addition, this presentation and certain information management may discuss in connection with this presentation reference non-GAAP financial measures (i.e. adjusted revenue, adjusted EBITDA, adjusted earnings per share, free cash flow, and systemwide sales). These non-GAAP financial measures exclude certain expenses and benefits. Reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures are provided in the Appendix to this presentation.
Global Systemwide Sales Growth of 1.8% and Global SRS Growth of 0.2%
Maintained Traffic and Dollar Share in the QSR Burger Category in the U.S.1
MSD Breakfast Sales Growth Year-Over-Year
Global Digital Sales Grew ~40% Year-Over-Year, Delivering >17% Mix
Remain on Track for 250-300 Global Restaurant Openings in 2024
1Source: Circana Group/Crest®, three months ended September 2024 versus year ago
THE WENDY'S COMPANY | 6
Strategic Framework
Long-Term Development Plans Remain on Track
Launched new development incentive structure in U.S., Canada and Latin America countries
Expect 250 to 300 global new restaurant openings in 2024
100% of expected new build goal for 2025 tied to development commitments
THE WENDY'S COMPANY | 9
Strategic Initiative to Strengthen
our Restaurant Footprint
Initiative will strengthen overall financial health of Wendy's system
Additional restaurant closures located in underperforming trade areas with AUVs averaging ~$1.1 million
Over time many closures will be replaced by new restaurants located in thriving trade areas with anticipated AUVs over $2 million
THE WENDY'S COMPANY | 10
Attachments
Original document
Permalink
Disclaimer
The Wendy's Company published this content on October 31, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on October 31, 2024 at 11:47:28.195.
The Wendy's Company is engaged in the business of operating, developing and franchising a system of quick-service restaurants. The Company specializes in made-to-order square hamburgers, using never frozen beef (fresh beef available in the contiguous United States, Alaska, and Canada), salads, and other signature items like chili, baked potatoes and the Frosty dessert. Its segments include Wendy's U.S., Wendy's International and Global Real Estate & Development. Wendy's U.S. includes the operation and franchising of its restaurants in the United States. Wendy's International includes the operation and franchising of its restaurants in countries and territories other than the United States. Global Real Estate & Development includes real estate activity for owned sites and sites leased from third parties, which are leased and/or subleased to franchisees, and also includes its share in TimWen real estate joint venture. The Company and its franchisees have over 7,000 restaurants worldwide.
THE WENDY'S COMPANY 
