ATLANTA, May 07, 2009 (BUSINESS WIRE) — Wendy’s/Arby’s Group, Inc. (NYSE: WEN), the third largest quick-service restaurant company in the United States, today reported financial results for the first quarter ended March 29, 2009. These 2009 results include the effect of the September 2008 merger between Triarc Companies, Inc. and Wendy’s International, Inc., however the results for the first quarter of 2008 only include results for Triarc Companies, Inc.
Wendy’s(R) North America systemwide same-store sales increased 1.0% with company-operated restaurant margin improvement of 100 basis points from the first quarter a year ago.
Arby’s(R) North America systemwide same-store sales decreased 8.7%, including an improvement to -2.5% for the month of March following the launch of the new Roastburger(TM) line of sandwiches.
Consolidated revenues were $864.0 million.
Net loss was ($10.9) million or ($0.02) per share, including net after-tax special expense items of approximately $15 million.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), excluding pre-tax integration-related costs of $7.8 million, was $80.3 million.
The Company completed an amendment of Arby’s senior secured credit facility which added Wendy’s as a co-borrower.