8-K

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

                                    FORM 8-K

                                 CURRENT REPORT
         Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

         Date of Report (date of earliest event reported): July 8, 2005

                             TRIARC COMPANIES, Inc.
             (Exact name of registrant as specified in its charter)

          Delaware                 1-2207                        38-0471180
 (State or other jurisdiction  (Commission File Number)        (IRS Employer
     of incorporation)                                       Identification No.)


             280 Park Avenue
                New York, NY                               10017
     (Address of principal executive offices)            (Zip Code)


        Registrant's telephone number, including area code: (212) 451-3000

                                 Not Applicable
          (Former name or former address, if changed since last report)

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

     |_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

     |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)

     |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

     |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))






Item 7.01.        Regulation FD Disclosure

     The  information  in this Report,  including the exhibit  hereto,  is being
furnished,  not filed, pursuant to Regulation FD. The information in this Report
shall not be incorporated by reference into any registration  statement pursuant
to the Securities Act of 1933, as amended (the "Securities Act"). The furnishing
of the information in this Report is not intended to, and does not, constitute a
determination  or admission that the information in this Report is material,  or
that  investors  should  consider this  information  before making an investment
decision with respect to any security of Triarc Companies, Inc. ("Triarc" or the
"Company), Arby's Restaurant Group, Inc. ("ARG") or its subsidiary Arby's, LLC.

     As  previously  announced,  ARG and Arby's  Restaurant  Holdings,  LLC,  an
indirect  wholly owned  subsidiary of Triarc ("ARH" and,  together with ARG, the
"Borrowers"),  entered into a Commitment  Letter,  dated as of May 27, 2005 (the
"Commitment Letter") with Citicorp North America, Inc., Citigroup Global Markets
Inc., Bank of America,  N.A.,  Banc of America  Securities LLC and Credit Suisse
(collectively,  the "Lenders")  relating to a $700 million senior secured credit
facility  consisting  of a $600  million  Senior Term Loan B Facility and a $100
million Senior  Revolving  Credit  Facility (with a $30 million  subfacility for
letters of credit) (the "Bank Financing") to be made available by the Lenders to
the  Borrowers  to be  used  in  connection  with  the  acquisition  of the  RTM
Restaurant Group ("RTM") (the "RTM Acquisition"), the payment of certain related
fees and expenses and other corporate purposes.

     In connection  with the Bank  Financing,  the  Borrowers  intend to provide
potential lenders with ARG's unaudited pro forma condensed  consolidated balance
sheet as of April 3, 2005 (the "Pro Forma  Balance  Sheet"),  a copy of which is
being furnished herewith as Exhibit 99.1.

     The Pro Forma  Balance  Sheet is derived  from the  unaudited  consolidated
financial  statements of ARG and the preliminary  unaudited  combined  financial
statements (which are subject to further change and/or adjustment) of RTM and is
being  furnished  for purposes of Regulation  FD  disclosure.  Triarc will file,
among other things, pro forma financial  information following completion of the
RTM  Acquisition  as  required  by the  relevant  Form 8-K rules.  The Pro Forma
Balance  Sheet  that is  being  provided  to  potential  lenders  and  furnished
herewith,  is subject to adjustments  and may differ from the  information  that
will be filed following completion of the RTM Acquisition.  The adjustments used
to prepare the Pro Forma  Balance Sheet are based on  preliminary  estimates and
will likely differ from the  adjustments  that will be included in the pro forma
financial information that is included in the subsequent Form 8-K. No assurances
can be  given  that  the  RTM  Acquisition  will  be  consummated.  If  the  RTM
Acquisition  is  consummated,  actual  results  may  vary  materially  from  the
expectations contained herein.

     The  statements  in this  Form  8-K,  including  Exhibit  99.1,  concerning
possible or assumed future results of operations of Triarc,  ARG, Arby's, LLC or
RTM and  statements  preceded by,  followed by, or that include the words "may,"
"believes,"  "plans,"  "expects,"  "anticipates"  or the  negation  thereof,  or
similar expressions,  constitute "forward-looking statements" within the meaning
of the Private Securities  Litigation Reform Act of 1995 (the "Reform Act"). All
statements that address operating  performance,  events or developments that are
expected or anticipated to occur in the future, including statements relating to
revenue  growth,  earnings per share  growth or  statements  expressing  general
optimism about future operating results,  are forward-looking  statements within
the meaning of the Reform Act. These forward-looking statements are based on our
current  expectations,  speak  only  as of the  date of  this  Form  8-K and are
susceptible to a number of risks,  uncertainties  and other factors.  Our actual
results, performance and achievements,  and those of ARG, Arby's, LLC or RTM may
differ materially from any future results, performance or achievements expressed
or implied by such forward-looking  statements.  For those statements,  we claim
the protection of the safe harbor for  forward-looking  statements  contained in
the Reform Act.  Many  important  factors  could affect such future  results and
could cause  those  results to differ  materially  from those  expressed  in the
forward-looking  statements  contained herein. Such factors include, but are not
limited to, the following:

     o    competition,  including  pricing pressures and the potential impact of
          competitors' new units on sales by Arby's(R) restaurants;

     o    consumers'  perceptions of the relative quality,  variety and value of
          the food products the Company offers;

     o    success of operating initiatives;

     o    development costs;

     o    advertising and promotional efforts;

     o    brand awareness;

     o    the existence or absence of positive or adverse publicity;

     o    new  product  and   concept   development   by  the  Company  and  its
          competitors,  and market  acceptance of such new product offerings and
          concepts;

     o    changes  in  consumer  tastes  and  preferences,   including   changes
          resulting  from concerns over  nutritional  or safety aspects of beef,
          poultry,  french  fries or other  foods or the  effects of  food-borne
          illnesses such as "mad cow disease" and avian influenza or "bird flu";

     o    changes in spending patterns and demographic trends;

     o    the business and financial viability of key franchisees;

     o    the timely payment of franchisee obligations due to the Company;

     o    availability,  location and terms of sites for restaurant  development
          by the Company and its franchisees;

     o    the ability of the Company's  franchisees  to open new  restaurants in
          accordance with their development  commitments,  including the ability
          of franchisees to finance restaurant development;

     o    delays in opening new restaurants or completing remodels;

     o    anticipated or  unanticipated  restaurant  closures by the Company and
          its franchisees;

     o    the  Company's  ability to  identify,  attract  and  retain  potential
          franchisees  with  sufficient  experience  and financial  resources to
          develop and operate Arby's restaurants;

     o    changes in business strategy or development plans, and the willingness
          of the Company's franchisees to participate in its strategy;

     o    business  abilities and judgment of the Company's and its franchisees'
          management and other personnel;

     o    availability of qualified  restaurant  personnel to the Company and to
          its franchisees;

     o    the   Company's   ability,   if  necessary,   to  secure   alternative
          distribution  of supplies  of food,  equipment  and other  products to
          Arby's  restaurants at competitive rates and in adequate amounts,  and
          the  potential   financial   impact  of  any   interruptions  in  such
          distribution;

     o    changes in  commodity  (including  beef),  labor,  supplies  and other
          operating costs and availability and cost of insurance;

     o    adverse weather conditions;

     o    availability,   terms  (including   changes  in  interest  rates)  and
          deployment of capital;

     o    changes   in  legal   or   self-regulatory   requirements,   including
          franchising laws, accounting  standards,  environmental laws, overtime
          rules, minimum wage rates and taxation rates;

     o    the costs, uncertainties and other effects of legal, environmental and
          administrative proceedings;

     o    the impact of general  economic  conditions  on  consumer  spending or
          securities  investing,  including  a slower  consumer  economy and the
          effects of war or terrorist activities;

     o    the Company's ability to identify  appropriate  acquisition targets in
          the future and to successfully  integrate any future acquisitions into
          its existing operations; and

     o    other risks and uncertainties affecting the Company referred to in its
          Annual  Report on Form 10-K for the fiscal year ended  January 2, 2005
          (see  especially  "Item  1.  Business--Risk   Factors"  and  "Item  7.
          Management's  Discussion  and  Analysis  of  Financial  Condition  and
          Results of Operations")  and in its other current and periodic filings
          with  the  Securities  and  Exchange  Commission,  all  of  which  are
          difficult or  impossible to predict  accurately  and many of which are
          beyond the Company's control.

     All future written and oral forward-looking  statements  attributable to us
or any person acting on our behalf are expressly  qualified in their entirety by
the  cautionary  statements  contained  or  referred  to  above.  New  risks and
uncertainties  arise from time to time,  and it is impossible  for us to predict
these  events or how they may affect us. We assume no  obligation  to update any
forward-looking  statements  after  the date of this Form 8-K as a result of new
information,  future  events or  developments,  except as  required  by  federal
securities  laws.  In  addition,  it is our  policy  generally  not to make  any
specific  projections  as  to  future  earnings,  and  we  do  not  endorse  any
projections regarding future performance that may be made by third parties.

Item 9.01         Financial Statements and Exhibits.

(c)      Exhibits

     The exhibit  referred to below relates to information  furnished under Item
7.01  and  shall  not be  deemed  "filed"  for  purposes  of  Section  18 of the
Securities  Exchange Act of 1934, as amended (the "Exchange  Act"), or otherwise
subject to the liabilities of that section,  nor shall it be deemed incorporated
by reference in any filing under the Securities Act or the Exchange Act,  except
as shall be expressly set forth by specific reference in such a filing.

         Exhibit No.                  Description
            99.1       Pro Forma Balance Sheet (as defined above)







                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, Triarc
has duly  caused  this  report  to be signed  on its  behalf by the  undersigned
hereunto duly authorized.


Dated: July 8, 2005

                             TRIARC COMPANIES, INC.



                             By:/s/STUART ROSEN
                                -------------------------
                                Stuart I. Rosen
                                Senior Vice President
                                and Associate General Counsel








                                  EXHIBIT INDEX



Exhibit                      Description

99.1                         Pro Forma Balance Sheet (as defined above)

EX-99

                                                               Exhibit 99.1

- -------------------------------------------------------------------------------
($ in millions)

                        ARBY'S RESTAURANT GROUP, INC.
          UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET
                           As of April 3, 2005

                                                             

ASSETS

Current assets:
  Cash (including cash equivalents)....................................$   12.0
  Receivables..............................................................16.3
  Inventories...............................................................8.5
  Deferred income tax benefit..............................................28.6
  Prepaid expenses and other current assets................................15.2
                                                                ---------------
     Total current assets..................................................80.6
Properties................................................................455.8
Goodwill..................................................................470.8
Other intangible assets................................................... 44.6
Notes receivable, net of current portion....................................4.7
Due from an affiliate.......................................................2.9
Deferred costs and other assets............................................18.6
                                                                ---------------
                                                                      $ 1,078.0
                                                                ===============

LIABILITIES AND STOCKHOLDER'S EQUITY

Current liabilities:
  Current portion of long-term debt...................................$.   10.8
  Accounts payable.........................................................54.5
  Accrued expenses and other current liabilites............................47.6
                                                                ---------------
     Total current liabilities............................................112.9
Long-term debt............................................................787.2
Deferred income taxes......................................................40.2
Other liabilities and deferred income......................................28.2
Stockholder's equity:
Common stock and additional paid-in capital...............................318.2
Accumulated deficit......................................................(208.5)
Accumulated other comprehensive deficit................................... (0.2)
                                                                ---------------
     Total stockholder's equity...........................................109.4
                                                                ---------------
                                                                      $ 1,078.0
                                                                ===============