The Company acquired 30 franchised Wendy’s restaurants in the Austin, Texas area during the second quarter. In July, the Company acquired 24 franchised Wendy’s restaurants in the Albuquerque, New Mexico area. As previously stated, the Company is working to optimize its system by purchasing restaurants from selected franchisees. The Company plans to either operate those restaurants or sell them to new or existing franchisees, with the ultimate goal of accelerating the Image Activation program.As of the end of the second quarter, Wendy’s and its franchisees were operating 354 restaurants outside of North America. The Company also had more than 600 restaurants under development agreements outside of North America.
The Wendy’s Company Reports 2012 Second-Quarter Results
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