The company said that the average same-store sales at domestic company-operated restaurants increased 0.1 percent during the quarter, compared to a 0.7 percent increase during the same quarter a year ago. Average same-store sales at
"We are encouraged that sales trends improved compared to the previous two quarters and were positive for the period, especially at franchise restaurants which represent 84 percent of our system,” said Kerrii Anderson, Wendy’s president and CEO.
Wendy’s faced a calendar shift with the Easter holiday falling in the first quarter of 2008 (March 21 through 23), opposed to the second quarter a year ago (April 6 through 8). This positively impacted same-store sales at company-operated restaurants by an estimated 0.3 percent during the quarter.
The company said it plans to release its 2008 second-quarter results on Tuesday, August 5, the same day that new parent owner Triarc Cos. Inc. plans to release its earnings.
Source: Wendy’s International Inc.