Wendy's announces 2005 revenues
February 2, 2006
DUBLIN, Ohio — Wendy's International Inc. announced its financial results for the full year 2005 and for the fourth quarter ended Jan. 1.
2005 Full-Year Results
- Total revenues increased 4.1 percent to a record $3.8 billion.
- The company and its franchisees opened 417 new restaurants during the year. The openings consisted of 211 Wendy's, 187 Tim Hortons and 19 Baja Fresh Mexican Grill restaurants.
- Same-store sales were very strong at Tim Hortons, but declined at Wendy's and Baja Fresh.
2005 Fourth-Quarter Results
- Total revenues were $977 million in the fourth quarter of 2005 compared to $978 million in the fourth quarter of 2004.
- The Company and its franchisees opened a total of 170 new restaurants during the quarter. The openings consisted of 74 Wendy's, 93 Tim Hortons and 3 Baja Fresh Mexican Grill restaurants.
- Same-store sales were very strong at Tim Hortons, but declined at Wendy's and Baja Fresh.
