Wendy's 2008 Annual Report Download - page 179

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March 30 (b) June 29 (b)
September 28
(b)
December 28
(b)
2008 Quarter Ended
Revenues ............................. $302,854 $313,014 $310,371 $ 896,522
Cost of sales (d) ...................... 233,445 244,992 239,880 700,317
Operating (loss) profit ................. 8,057 8,248 3,797 (433,752)
Loss from continuing operations . . ...... (67,471) (6,905) (13,366) (394,216)
Income from discontinued operations
(Note 23) .......................... — — 1,219 998
Net loss.............................. (67,471) (6,905) (12,147) (393,218)
Basic and diluted (loss) income per
share from Class A common stock: (a)
Continuing operations ............ (.73) (.07) (.14) (.84)
Discontinued operations ........... — — .01 —
Net (loss) income ................ (.73) (.07) (.13) (.84)
Basic and diluted (loss) income per
share from Class B common stock: (a)
Continuing operations ............ (.73) (.07) (.14) —
Discontinued operations ........... — — .01 —
Net (loss) income ................ (.73) (.07) (.13) —
April 1 July 1 (c)
September 30
(c)
December 30
(c)
2007 Quarter Ended
Revenues ............................... $302,046 $316,821 $324,213 $320,637
Cost of sales (d). ........................ 212,701 225,545 231,869 224,335
Cost of services ......................... 6,890 6,308 6,562 5,423
Operating (loss) profit ................... 8,484 (68,455) 21,944 57,927
(Loss) income from continuing operations . 7,210 (28,023) 3,731 32,168
(Loss) income from discontinued
operations (Note 23) .................. (149) — — 1,144
Net (loss) income ....................... 7,061 (28,023) 3,731 33,312
Basic and diluted (loss) income per share
from Class A common stock: (a)
Continuing operations . . ............ .07 (.30) .04 .33
Discontinued operations . ............ — — — —
Net income (loss)................... .07 (.30) .04 .33
Basic and diluted (loss) income per share
from Class B common stock: (a)
Continuing operations . . ............ .08 (.30) .04 .37
Discontinued operations . ............ — — — —
Net (loss) income................... .08 (.30) .04 .37
(a) Basic and diluted (loss) income per share amounts for the quarters have been calculated separately on a
consistent basis with the annual calculations (see Note 5). Accordingly, quarterly amounts do not add to
the full year amounts because of differences in the weighted average shares outstanding during each period.
(footnotes continued on next page)
171
WENDY’S/ARBY’S GROUP, INC. AND SUBSIDIARIES
(FORMERLY TRIARC COMPANIES, INC.)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—CONTINUED
(In Thousands Except Per Share Amounts)