Earnings release
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Wendy's THE WENDY'S COMPANY Exhibit 99.1 THE WENDY'S COMPANY REPORTS THIRD QUARTER 2021 RESULTS Dublin , Ohio ( November 10 , 2021 ) - The Wendy's Company ( Nasdaq : WEN ) today reported unaudited results for the third quarter ended October 3 , 2021 . " We are extremely proud of the progress we are making against our three strategic growth pillars , ” President and Chief Executive Officer Todd Penegor said . " We continued to grow our breakfast business , digital sales accelerated , and we meaningfully expanded our global footprint in the third quarter . Global Same - Restaurant sales grew in the high - single digits on a 2 - year basis , reinforcing the strength of our brand in a challenging environment . Our focus on executing against our key priorities and our continued partnership with the best franchisees in the business give me confidence that we will achieve our vision of becoming the world's most thriving and beloved restaurant brand . " Third Quarter 2021 Summary See " Disclosure Regarding Non - GAAP Financial Measures " and the reconciliation tables that accompany this release for a discussion and reconciliation of certain non - GAAP financial measures included in this release . Operational Highlights Systemwide Sales Growth ( 1 ) U.S. International ( 2 ) Global Same - Restaurant Sales Growth ( 1 ) U.S. International ( 2 ) Global Systemwide Sales ( In US $ Millions ) ( 3 ) U.S. International ( 2 ) Global Restaurant Openings U.S. Total Net International - Total / Net Global Total / Net Global Reimaging Completion Percentage Third Quarter 2021 Year - to - Date 2020 2021 2020 3.7 % 7.9 % 12.1 % 1.6 % 20.2 % ( 3.5 ) % 23.6 % ( 9.3 ) % 5.3 % 6.7 % 13.2 % 0.5 % 2.1 % 7.0 % 10.2 % 0.9 % 14.7 % ( 2.1 ) % 17.4 % ( 7.3 ) % 3.3 % 6.1 % 10.9 % % $ 2,791 $ 2,692 $ 8,336 $ 7,436 $ 362 $ 291 $ 1,020 $ 784 $ 3,154 $ 2,983 $ 9,356 $ 8,220 23/4 27/6 27/12 69/20 73/22 21/19 6 / ( 4 ) 60/43 48/25 33/8 129/63 96/26 70 % 62 % ( ¹ ) Systemwide sales growth and same - restaurant sales growth are calculated on a constant currency basis and include sales by both Company- operated and franchise restaurants . ( 2 ) Excludes Venezuela and Argentina . ( 3 ) Systemwide sales include sales at both Company - operated and franchise restaurants . 1