UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25

                                                  Commission File Number 1-2207

                           NOTIFICATION OF LATE FILING

(Check One):  [  ] Form 10-K [  ] Form 20-F [  ] Form 11-K 
              [X] Form 10-Q [  ] Form N-SAR
              For Period Ended: June 29, 1997
              [ ] Transition  Report on Form 10-K 
              [ ] Transition  Report on Form 20-F 
              [ ] Transition  Report on Form 11-K 
              [ ] Transition Report on Form 10-Q 
              [ ] Transition Report on Form N-SAR
              For the Transition Period Ended: __________________________

If the notification  relates to a portion of the filing checked above,  identify
the item(s) to which the notification relates:
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PART 1--REGISTRANT INFORMATION

TRIARC COMPANIES, INC.
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(Full Name of Registrant)

- - ---------------------------
(Former Name if Applicable)

280 Park Avenue
- - ---------------
(Address of Principal Executive Office (Street and Number))

New York, New York 10017
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(City, State and Zip Code)

PART II--RULES 12B-25(B) AND (C)
If the subject report could not be filed without  unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)

          (a) The reasons  described  in  reasonable  detail in Part III of this
          form could not be eliminated without unreasonable effort or expense;

[X]       (b) The subject annual report,  semi-annual report,  transition report
          on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will be
          filed on or before the fifteenth calendar day following the prescribed
          due date; or the subject quarterly report or transition report on Form
          10-Q, or portion thereof will be filed on or before the fifth calendar
          day  following  the  prescribed  due  date;  and 

          (c) The  accountant's  statement  or other  exhibit  required  by Rule
          12b-25(c) has been attached if applicable.

 


PART III--NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition  report or portion  thereof,  could not be filed within
the prescribed time period. (Attach Extra Sheets if Needed)

         Triarc   Companies,   Inc.  (the  "Company")  could  not  complete  the
         preparation of its Quarterly  Report on Form 10-Q for the quarter ended
         June 29, 1997 (the "Form 10-Q") by the prescribed filing date of August
         13,  1997  without  unreasonable  effort or  expense as a result of the
         following:

         As disclosed in the Company's  Current Report on Form 8-K filed on June
         6, 1997, as amended by the Company's Current Report on Form 8-K/A filed
         on August 5, 1997, the Company purchased Snapple Beverage Corp. and its
         subsidiaries ("Snapple") from The Quaker Oats Company ("Quaker") on May
         22,  1997.  The closing of the  acquisition  of Snapple  (the  "Snapple
         Acquisition")  was expedited  based on  contractual  requirements.  The
         Company,  therefore,  entered into a transition services agreement with
         Quaker  whereby  Quaker  provided  certain   operating  and  accounting
         services through the end of the Company's second quarter. This was done
         because the Company was unable to fully  implement  an  infrastructure,
         including the data processing systems, necessary to operate and account
         for  Snapple  as of the May 22,  1997  closing  date.  Such  accounting
         services  provided only the source data for the Company to complete the
         accounting  ledgers and records for Snapple for the period from the May
         22,  1997  acquisition  date to the June 29,  1997  quarter  end of the
         Company.  Such data and supporting detail to establish the May 22, 1997
         opening  balance  sheet were not  received  until  after the  Company's
         normal accounting closing cycle and required  substantial Company input
         to  complete  the  ledgers  and  records  for  Snapple  and to  prepare
         necessary  financial  statements.  As a result,  the Company  could not
         complete its consolidation accounting to allow for the timely filing of
         the Form 10-Q by the prescribed due date.

PART IV--OTHER INFORMATION

(1)Name and telephone number of person to contact in regard to this notification
      Fred Schaefer                   (212)                      451-3000
      -------------                   -----                      --------
        (Name)                     (Area Code)             (Telephone Number)

(2) Have all other  periodic  reports  required under Section 13 or 15(d) of the
Securities  Exchange Act of 1934 or Section 30 of the Investment  Company Act of
1940  during  the  preceding  12  months  or for such  shorter  period  that the
registrant was required to file such report(s) been filed?
If answer is no, identify report(s).   [X] Yes    [  ] No

(3) Is it anticipated that any significant  change in results of operations from
the  corresponding  period for the last  fiscal  year will be  reflected  by the
earnings statement to be included in the subject report or portion thereof?  
[X] Yes [ ] No

If so, attach an explanation of the  anticipated  change,  both  narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.

See Annex A hereto.








                       TRIARC COMPANIES, INC.
          (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned 
hereunto duly authorized.

Date: August 14, 1997         By:/s/ Fred H. Schaefer
                              ---------------------
                              Fred H. Schaefer
                              Vice President and Chief Accounting Officer






                                                                        Annex A
                                                                        -------

For  the  reason  stated  in Part  III to this  Form  12b-25,  the  consolidated
financial statements of the Company for the quarter ended June 29, 1997 have not
been completed. The Company,  however, expects to report in its Quarterly Report
on Form 10-Q (i) revenues of $226.1 million in the second quarter ended June 29,
1997  compared with $246.5  million in the quarter ended June 30, 1996,  (ii) an
operating  loss of $25.0 to $30.0  million in the 1997 second  quarter  compared
with an operating profit of $17.7 million in the 1996 second quarter and (iii) a
net loss of $30.0 to $35.0  million in the 1997 second  quarter  compared with a
net loss of $10.7  million in the 1996 second  quarter.  With respect to the six
months ended June 29, 1997 the Company  expects to report (i) revenues of $431.5
million in the six months ended June 29, 1997  compared  with $575.4  million in
the six months  ended June 30,  1996,  (ii) an  operating  loss of $8.0 to $13.0
million  in the 1997  first  half  compared  with an  operating  profit of $43.1
million in the 1996 first half and (iii) a net loss of $32.0 to $37.0 million in
the 1997 first half  compared  with a $10.3  million  net loss in the 1996 first
half.

The aforementioned revenues are lower in the 1997 periods compared with the 1996
periods  principally  due  to the  sale  of all  of  the  Company's  355  Arby's
restaurants  as reported  in a Current  Report on Form 8-K filed on May 20, 1997
and as amended in a Current  Report on Form 8-K/A  filed on August 4, 1997.  The
deterioration  in  operating  profit  (loss) and net loss are  primarily  due to
approximately $34.3 million in pre-tax charges recorded in the second quarter of
1997 associated with the Snapple  Acquisition.  Such $34.3 million  includes (i)
$13.8  million  attributable  to  Triarc's  change in  estimate  of the value of
vending  machines  considering its plans for their future use, (ii) $6.7 million
attributable  to Triarc's  change in estimate for the reserve for legal  matters
taking into consideration its plans and estimates to resolve such matters, (iii)
$2.8  million  attributable  to the  negative  impact on gross  profit  from the
write-up  of  acquired   inventories  for  the  manufacturing   profit  as  such
inventories  were sold during the second quarter and (iv) $11.0 million of other
acquisition related charges.