Wendy's 2010 Annual Report Download - page 146

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WENDY’S/ARBY’S GROUP, INC. AND SUBSIDIARIES
WENDY’S/ARBY’S RESTAURANTS, LLC AND SUBSIDIARIES
COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—CONTINUED
(In Thousands Except Per Share Amounts)
(28) Quarterly Financial Information (Unaudited)
The table below sets forth summary unaudited consolidated quarterly financial information for 2010 and
2009. The Companies report on a fiscal year typically consisting of 52 or 53 weeks ending on the Sunday closest to
December 31. With the exception of the fourth quarter of 2009 which had 14 weeks, the remainder of the
Companies’ fiscal quarters in 2010 and 2009 contained 13 weeks.
(Wendy’s/Arby’s)
2010 Quarter Ended
April 4 (b) July 4 (b) October 3 (b) January 2, 2011 (b)
Revenues ................................ $837,447 $877,021 $861,214 $840,732
Cost of sales .............................. 641,422 659,084 667,063 643,192
Operating profit ........................... 26,333 72,663 20,345 13,047
Net (loss) income .......................... (3,400) 10,742 (909) (10,758)
Basic and diluted (loss) income per share (a) ...... $ (.01) $ .03 $ — $ (.03)
2009 Quarter Ended
March 29 (c) June 28 (c) September 27 (c) January 3, 2010 (c)
Revenues ................................ $863,984 $912,687 $903,221 $900,943
Cost of sales .............................. 675,942 686,462 684,071 682,009
Operating profit (loss) ...................... 13,934 56,507 56,822 (15,287)
(Loss) income from continuing operations ....... (10,924) 14,892 14,266 (14,718)
Income from discontinued operations .......... — — 422 1,124
Net (loss) income .......................... (10,924) 14,892 14,688 (13,594)
Basic and diluted (loss) income per share (a):
Continuing operations .................. $ (.02) $ .03 $ .03 $ (.03)
Discontinued operations ................. $ — $ — $ — $ —
Net (loss) income ...................... $ (.02) $ .03 $ .03 $ (.03)
(Wendy’s/Arby’s Restaurants)
2010 Quarter Ended
April 4 (b) July 4 (b) October 3 (b) January 2, 2011 (b)
Revenues ................................ $837,447 $877,021 $861,214 $840,732
Cost of sales .............................. 641,422 659,084 667,063 643,192
Operating profit ........................... 28,254 75,087 22,438 16,521
Net (loss) income .......................... $ (2,560) $ 9,375 $ 357 $ (9,810)
2009 Quarter Ended
March 29 (c) June 28 (c) September 27 (c) January 3, 2010 (c)
Revenues ................................ $863,984 $912,687 $903,221 $900,943
Cost of sales .............................. 675,942 686,462 684,071 682,005
Operating profit (loss) ...................... 17,978 68,865 58,532 (15,423)
Net (loss) income .......................... $ (6,080) $ 24,255 $ 14,220 $ (22,746)
(a) Basic and diluted (loss) income per share amounts for the quarters have been calculated separately on a consistent
basis with the annual calculations. Basic and diluted (loss) income per share are being presented together since
diluted (loss) income per share was the same as basic (loss) income per share for all periods presented. See Note 4
—Income (Loss) Per Share for additional information.
140