010620 Wendy's Reports May Sales Performance

Dublin, OH - Wendy's International, Inc. announced its preliminary sales results for May (Period 5), which ended on June 3, 2001. - At Wendy's company operated restaurants in the United States, same- store sales grew by 2.1% in May, on top of a 2.9% increase in the same period a year ago. Wendy's same-store sales are up 2.7% through the first two months of the second quarter. - At Tim Hortons restaurants in Canada, same-store sales in May were up 7.3%, on top of a 9.5% increase in the same period a year ago. Tim Hortons same- store sales are up 7.9% through the first two months of the second quarter. Wendy's positive sales performance was attributable to its continuing focus on quality products, superior restaurant operations and Service Excellence. Wendy's continues to be recognized by consumers as the quality leader within the quick-service restaurant industry. The chain promoted its Cheddar Lovers' Bacon Cheeseburger during May and will focus on its Super Value Menu and Late Night programs during the summer.

Tim Hortons promoted its popular iced cappuccino during May and held its annual “Camp Day” on May 16, when all coffee sales from across the chain were donated to the Tim Horton Children's Foundation. The foundation sends thousands of economically disadvantaged children to its camps every year.

The Company continues to expect to produce 12-15% diluted earnings per share growth in 2001, which is consistent with previous guidance from management.

Wendy's International, Inc. is one of the world's largest restaurant operating and franchising companies, with $7.7 billion in year 2000 systemwide sales and two quality brands -- Wendy's and Tim Hortons. Wendy's Old Fashioned Hamburgers was founded in 1969 by Dave Thomas and is the third largest quick- service hamburger chain in the world with nearly 5,800 restaurants in the United States, Canada and international markets. Tim Hortons was founded in 1964 by Tim Horton and Ron Joyce and is the largest coffee and fresh baked goods chain in Canada. There are more than 2,000 Tim Hortons restaurants in North America, of which nearly 1,900 are in Canada and about 130 in the U.S.

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