The Wendy?s Company Reports Preliminary Fourth-Quarter and Full-Year 2011 Results
DUBLIN, Ohio (January 30, 2012) ? The Wendy?s Company (NASDAQ: WEN) today reported preliminary, unaudited results for the fourth quarter and full year ended Jan. 1, 2012. The Company also issued its 2012 and long-term outlook. The Company plans to release its audited 2011 results on March 1.
Emil Brolick, President and Chief Executive Officer said, ?In the fourth quarter, we produced our strongest same-store sales growth since the second quarter of 2004 primarily due to the introduction of our premium Dave?s Hot ?N Juicy? cheeseburger line, which received a positive response from consumers. For 2011, we also generated positive transactions for the first year since 2002. Adjusted EBITDA was $331.1 million for fiscal 2011, and income from continuing operations for the year was $17.9 million.
?We expect another positive year in 2012, with same-store sales growth in a range of 2 to 3 percent,? Brolick said. ?We estimate 2012 Adjusted EBITDA will be in a range of $335 million to $345 million.?
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