Wendy's 2014 Annual Report Download - page 41

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The table below presents key business measures which are defined and further discussed in the “Executive
Overview” section included here-in.
2014 2013 2012
Key business measures:
North America same-restaurant sales:
Company-owned restaurants ................................. 2.3% 1.9% 1.6%
Franchised restaurants ...................................... 1.5% 1.7% 1.6%
Systemwide ............................................... 1.6% 1.8% 1.6%
Total same-restaurant sales:
Company-owned restaurants ................................. 2.3% 1.9% 1.6%
Franchised restaurants (a) .................................... 1.9% 1.8% 1.7%
Systemwide (a) ............................................ 1.9% 1.8% 1.7%
Systemwide sales:
Company-owned restaurants ................................. $1,608.5 $2,102.9 $2,129.3
North America franchised restaurants ........................... 7,465.6 6,865.5 6,723.0
North America restaurant average unit volumes (in thousands):
Company-owned restaurants ................................. $1,593.4 $1,514.0 $1,483.8
Franchised restaurants ...................................... 1,468.3 1,442.1 1,411.4
(a) Includes international franchised restaurants same-restaurant sales.
Company-owned Franchised Systemwide
Restaurant count:
Restaurant count at December 30, 2012 ............................ 1,427 5,133 6,560
Opened ................................................. 26 76 102
Closed .................................................. (27) (78) (105)
Net (sold to) purchased by franchisees .......................... (243) 243 —
Restaurant count at December 29, 2013 ............................ 1,183 5,374 6,557
Opened ................................................. 16 87 103
Closed .................................................. (32) (113) (145)
Net (sold to) purchased by franchisees .......................... (210) 210 —
Restaurant count at December 28, 2014 ............................ 957 5,558 6,515
Sales
Change
2014 2013
Wendy’s ................................................... $(494.4) $(26.4)
Bakery and other ............................................ (1.1) (6.1)
$(495.5) $(32.5)
The decrease in sales in 2014 was primarily due to the impact of Wendy’s company-owned restaurants sold
under our system optimization initiative during the fourth quarter of 2013 and thereafter, which resulted in a
reduction in sales of $499.5 million. Company-owned same-restaurant sales during 2014 increased due to an increase
in our average per customer check amount, in part offset by a decrease in customer count. Our average per customer
check amount increased primarily due to benefits from strategic price increases on our menu items and changes in the
composition of our sales. Same-restaurant sales also benefited from higher sales growth at our new and remodeled
Image Activation restaurants. However, sales during 2014 were negatively impacted by temporary closures of
restaurants being remodeled under our Image Activation program, which are excluded from same-restaurant sales.
Sales during 2014 were also negatively impacted by $15.5 million due to changes in Canadian foreign currency rates
relative to the U.S. dollar.
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