Meal Assembly Watch

As expected, Wendy’s posts big sales for the year. Burgers are still favorites among consumers.

2007 income from continuing operations increased 134% to $86.6 million – 2007 adjusted EBITDA from continuing operations increased 38% to $305.4 million

Wendy’s International, Inc. (NYSE:WEN) today announced its preliminary, unaudited financial results for the full year and fourth quarter of 2007, reflecting same-store sales increases for the year, cost controls and improving restaurant margins.

Including full-year pre-tax expenses related to the Board of Director’s Special Committee of $24.7 million and $9.8 million of pre-tax restructuring charges (as used throughout, restructuring charges include pension settlement charges), the Company reported for the full year of 2007:

• Income from continuing operations of $86.6 million, up 134.0% compared to $37.0 million in 2006,

• Diluted earnings per share (EPS) from continuing operations of $0.96, up 200.0% from $0.32 per share in 2006, and

• Earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations of $270.9 million, up 65.2% from $164.0 million in 2006.

Excluding 2007 expenses related to the Board’s Special Committee and restructuring charges and excluding 2006 restructuring charges, incremental advertising expenses and lost joint venture income, the Company reported for the full year of 2007:

• Adjusted income from continuing operations of $108.0 million, up 50.0% from $72.0 million in 2006,

• Adjusted diluted EPS from continuing operations of $1.20, up 93.5% from $0.62 per share in 2006, and

• Adjusted EBITDA from continuing operations of $305.4 million, up 38.4% from $220.7 million in 2006.

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