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5th Consecutive Quarter of Positive Same-Store Sales
Wendy’s International, Inc. (NYSE:WEN) today announced preliminary average same-store sales for the third quarter of 2007, which ended on Sunday, September 30.
Average same-store sales at U.S. company restaurants increased 0.2% for the quarter, compared to 4.1% during the same quarter a year ago. Year-to-date average same-store sales at U.S. company restaurants are up 1.5%.
Average same-store sales at U.S. franchise restaurants increased 1.3% for the quarter, compared to 3.9% during the same quarter a year ago. Year-to-date average same-store sales at U.S. franchise restaurants are up 1.8%.
“We are encouraged by another quarter of positive same-store sales growth – our fifth in a row – as we continue to successfully execute our strategic plan and the turnaround of the Wendy’s® business,” said Chief Executive Officer and President Kerrii Anderson. “We are intensely focused on improving restaurant operations and enhancing the overall customer experience, and we look to accelerate our progress.
“We have initiatives in place to grow sales and profits at every restaurant in the system,” added Anderson. “Our positive performance is due to the accomplishments of our employees and franchisees who focus every day on running great restaurants.”
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