THE WENDY'S COMPANY REPORTS 2ND QUARTER 2022 RESULTS.

DUBLIN, Ohio: The Wendy's Company (Nasdaq: WEN) today reported unaudited results for the second quarter ended July 3, 2022.

"We are proud of the entire Wendy's(r) system for delivering a third consecutive quarter of accelerating double digit Global same-restaurant sales on a two-year basis, which exceeded our expectations," President and Chief Executive Officer Todd Penegor said. "This momentum contributed to a significant sequential Company-operated restaurant margin expansion, highlighting the strength of the underlying business and our brand as well as our commitment to the restaurant economic model in a challenging environment. Our business continued to outperform the competition and our franchisees are operating from a position of strength after achieving record profits across the US and Canada in 2021. This success drives alignment behind our commitment to deliver growth across our three strategic pillars and gives us confidence that we will achieve our vision of becoming the world's most thriving and beloved restaurant brand."

Second Quarter 2022 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

Second Quarter

Year-to-Date

2022

2021

2022

2021

Systemwide Sales Growth(1)

U.S.

3.5 %

20.6 %

3.0 %

16.9 %

International(2)

22.7 %

48.2 %

21.1 %

25.6 %

Global

5.6 %

22.9 %

4.9 %

17.7 %

Same-Restaurant Sales Growth(1)

U.S.

2.3 %

16.1 %

1.7 %

14.9 %

International(2)

15.2 %

31.4 %

14.7 %

19.0 %

Global

3.7 %

17.4 %

3.1 %

15.2 %

Systemwide Sales (In US$ Millions)(3)

U.S.

$3,001

$2,897

$5,713

$5,545

International(2)

$419

$354

$779

$657

Global

$3,420

$3,251

$6,491

$6,202

Restaurant Openings

U.S. - Total / Net

29 / 14

22 / 10

74 / 45

42 / 14

International - Total / Net

18 / 10

21 / 18

66 / 46

39 / 24

Global - Total / Net

47 / 24

43 / 28

140 / 91

81 / 38

Global Reimaging Completion Percentage

75 %

68 %

(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.

Financial Highlights

Second Quarter

Year-to-Date

2022

2021

B / (W)

2022

2021

B / (W)

(In Millions Except Per Share Amounts)

(Unaudited)

(Unaudited)

Total Revenues

$ 537.8

$ 493.3

9.0 %

$ 1,026.4

$ 953.5

7.6 %

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