The Wendy’s Company Lowers FY 2012 EBITDA Guidance; Reaffirms FY 2013 EBITDA Guidance

The Wendy’s Company announced that based on these results, the Company has revised fiscal 2012 outlook for Adjusted EBITDA from continuing operations to a range of $320 million to $335 million. The lower outlook for fiscal 2012 Adjusted EBITDA primarily reflects softer-than-expected sales and Company-operated restaurant margin in the first quarter. The Company continues to target an average annual Adjusted EBITDA growth rate in the high-single-digit to low-double-digit range beginning in fiscal 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $339 million for fiscal 2012, EBITDA of $367 million for fiscal 2013.