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030311 Wendy's Same-Store Sales Fall 2.6 Pct.

March 3, 2003

Dublin, OH - Burger chain Wendy's International Inc. said February sales at company- owned restaurants open at least a year fell 2.6%, hurt by winter storms, low consumer confidence and aggressive discounting by rivals.

Wendy's, based in Dublin, Ohio, said sales at franchised stores open at least a year fell 1.7% to 2%.

The company said sales in the same period a year-ago had risen 3.9% at company- owned outlets and 6.7% at franchised outlets.

Sales at Tim Horton's restaurants that have been open at least a year fell 1.6% to 1.8% in the United States and rose 3.3% to 3.5% in Canada.

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