Wendy's 2011 Annual Report Download - page 44
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2011 2010 2009
Margin $:
Wendy’s ......................................... $286.8 $293.2 $303.7
Bakery and kids’ meal promotion items sold to franchisees . . . 23.7 28.9 18.4
Total margin .................................. $310.5 $322.1 $322.1
Total Wendy’s restaurant margin % ........................ 14.0% 14.8% 14.9%
(a) During the first quarter of 2011, QSCC began managing the operations for kids’ meal promotion items sold to
franchisees.
2011 2010 2009
Wendy’s restaurant statistics:
North America same-store sales:
Company-owned restaurants ..................... 2.0% (1.7)% (1.7)%
Franchised restaurants .......................... 1.9% (0.3)% (0.3)%
Systemwide ................................... 1.9% (0.6)% (0.7)%
Total same-store sales:
Company-owned restaurants ..................... 2.0% (1.7)% (1.7)%
Franchised restaurants (a) ........................ 2.0% (0.3)% (0.1)%
Systemwide (a) ................................ 2.0% (0.6)% (0.5)%
(a) Includes international franchised restaurants same-store sales.
Company- owned Franchised Systemwide
Restaurant count:
Restaurant count at January 3, 2010 .................... 1,391 5,150 6,541
Opened ......................................... 9 69 78
Closed .......................................... (4) (39) (43)
Net (sold to) purchased by franchisees .................. (2) 2 —
Restaurant count at January 2, 2011 ................ 1,394 5,182 6,576
Opened ......................................... 20 69 89
Closed .......................................... (15) (56) (71)
Net purchased from (sold by) franchisees ................ 18 (18) —
Restaurant count at January 1, 2012 ................ 1,417 5,177 6,594
2011 2010 2009
Company-owned average unit volumes:
Wendy’s ......................................... $1,456.4 $1,417.8 $1,421.9
Sales
Change
2011 2010
Wendy’s .................................................... $69.5 $(54.6)
Bakery and kids’ meal promotion items sold to franchisees ............. (22.0) (0.5)
$ 47.5 $(55.1)
The increase in sales in 2011 was primarily due to increases in both our average per customer check amount
and in the number of customer transactions. Our average per customer check increased primarily due to (1) increases
in prices on certain menu items and (2) new product offerings with a higher menu price. Sales also include a $9.4
million benefit from Canadian foreign currency rates, which was partially offset by a decrease of $2.3 million in
company-owned same-store sales primarily due to the effect of higher sales taxes in two Canadian provinces in the
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