The Wendy’s Company Issues FY 2012 EBITDA Guidance; Comments On Long Term Earnings Guidance

The Wendy’s Company announced that for fiscal 2012, it expects adjusted EBITDA to be in a range of $335 million to $345 million. The outlook reflects continuing operations and excludes items such as relocation costs and other expenses related to the consolidation of the Atlanta restaurant support center with the Dublin, Ohio restaurant support center, which the Company estimates to be approximately $23 million. The Company expects a low-single-digit increase in the Company's adjusted EBITDA growth rate for fiscal 2012, Chief Financial Officer Steve Hare said. “In terms of growth beyond 2012, the Company is targeting an average annual Adjusted EBITDA growth rate in the high-single-digit to low-double-digit range. The Company also expects its Adjusted Earnings Per Share growth rate, on average, to be higher than the Company's Adjusted EBITDA growth rate.