Wendy's 2009 Annual Report Download - page 9

•our ability, if necessary, to secure alternative distribution of supplies of food, equipment and other
products to Wendy’s and Arby’s restaurants at competitive rates and in adequate amounts, and the
potential financial impact of any interruptions in such distribution;
•changes in commodity costs (including beef and chicken), labor, supply, fuel, utilities, distribution
and other operating costs;
•availability and cost of insurance;
•adverse weather conditions;
•availability, terms (including changes in interest rates) and deployment of capital;
•changes in legal or regulatory requirements, including franchising laws, accounting standards,
payment card industry rules, overtime rules, minimum wage rates, government-mandated health
benefits, tax legislation and menu-board labeling requirements;
•the costs, uncertainties and other effects of legal, environmental and administrative proceedings;
•the impact of general economic conditions and high unemployment rates on consumer spending,
particularly in geographic regions that contain a high concentration of Wendy’s or Arby’s
restaurants, and the effects of war or terrorist activities;
•the effects of charges for impairment of goodwill or for the impairment of other long-lived assets
due to deteriorating operating results;
•the impact of our continuing investment in series A senior secured notes of Deerfield Capital
Corp. following our 2007 corporate restructuring; and
•other risks and uncertainties affecting us and our subsidiaries referred to in this Form 10-K (see
especially “Item 1A. Risk Factors” and “Item 7. Management’s Discussion and Analysis of
Financial Condition and Results of Operations”) and in our other current and periodic filings with
the Securities and Exchange Commission.
All future written and oral forward-looking statements attributable to us or any person acting on our
behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this
section. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events
or how they may affect us. We assume no obligation to update any forward-looking statements after the date of
this Form 10-K as a result of new information, future events or developments, except as required by federal
securities laws. In addition, it is our policy generally not to make any specific projections as to future earnings,
and we do not endorse any projections regarding future performance that may be made by third parties.
Item 1. Business.
Introduction
We are the parent company of our wholly-owned subsidiary holding company Wendy’s/Arby’s
Restaurants, LLC (“Wendy’s/Arby’s Restaurants”). Wendy’s/Arby’s Restaurants is the parent company of
Wendy’s International, Inc. (“Wendy’s”) and Arby’s Restaurant Group, Inc. (“ARG”), which are the owners
and franchisors of the Wendy’sand Arby’srestaurant systems, respectively. As of January 3, 2010, the
Wendy’s restaurant system was comprised of 6,541 restaurants, of which 1,391 were owned and operated by
the Company. As of January 3, 2010, the Arby’s restaurant system was comprised of 3,718 restaurants, of
which 1,169 were owned and operated by the Company. References in this Form 10-K to restaurants that we
“own” or that are “company-owned” include owned and leased restaurants. Our corporate predecessor was
incorporated in Ohio in 1929. We reincorporated in Delaware in June 1994. Effective September 29, 2008, in
conjunction with the merger with Wendy’s, our corporate name was changed from Triarc Companies, Inc.
(“Triarc”) to Wendy’s/Arby’s Group, Inc. Our principal executive offices are located at 1155 Perimeter Center
West, Atlanta, Georgia 30338, and our telephone number is [phone]. We make our annual reports on
Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to such reports, as
well as our annual proxy statement, available, free of charge, on our website as soon as reasonably practicable
after such reports are electronically filed with, or furnished to, the Securities and Exchange Commission. Our
website address is www.wendysarbys.com. Information contained on our website is not part of this annual
report on Form 10-K.
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