The tables below set forth summary unaudited consolidated quarterly financial information for 2012 and 2011. The Company reports on a fiscal year typically consisting of 52 or 53 weeks ending on the Sunday closest to December 31. All of the Company’s fiscal quarters in 2012 and 2011 contained 13 weeks. As discussed in Note 2, on July 4, 2011, Wendy’s Restaurants completed the sale of 100% of the common stock of Arby’s. Arby’s results for all periods presented through its July 4, 2011 date of sale are classified as discontinued operations.



	2012 Quarter Ended
	April 1 (a)(b)			July 1 (a)(c)			September 30 (a)(c)(d)			December 30 (a)(d)
Revenues	$	593,187		$	645,868		$	636,308		$	629,879
Cost of sales	455,467			483,080			478,425			464,276
Operating profit	20,916			38,391			31,183			32,257
Income (loss) from continuing operations	14,734			(5,493		)	(26,692		)	25,409
Income from discontinued operations	—			—			530			979
Net income attributable to noncontrolling interests	(2,384		)	—			—			—
Net income (loss) attributable to The Wendy’s Company	12,350			(5,493		)	(26,162		)	26,388
Basic and diluted income (loss) per share attributable to The Wendy’s Company (e):
Continuing operations	$	.03		$	(.01	)	$	(.07	)	$	.07
Discontinued operations	—			—			—			—
Net income (loss)	$	.03		$	(.01	)	$	(.07	)	$	.07



	2011 Quarter Ended
	April 3 (f)			July 3 (f)			October 2 (f)			January 1, 2012 (f)
Revenues	$	582,465		$	622,459		$	611,416		$	615,018
Cost of sales	438,871			464,798			458,000			454,440
Operating profit	28,017			47,434			32,390			29,280
(Loss) income from continuing operations	(296		)	11,374			2,544			4,290
Loss from discontinued operations	(1,113		)	(108		)	(6,510		)	(306		)
Net (loss) income	(1,409		)	11,266			(3,966		)	3,984
Basic and diluted income (loss) per share (e):
Continuing operations	$	—		$	.03		$	.01		$	.01
Discontinued operations	—			—			(.02		)	—
Net (loss) income	$	—		$	.03		$	(.01	)	$	.01

_____________________

(a)

Operating profit in 2012 was materially affected by facilities relocation costs and other transactions and impairment of long-lived assets. The impact of facilities relocation costs and other transactions on net income (loss) attributable to The Wendy’s Company for the first, second, third and fourth quarters of 2012 was $3,808, $6,164, $7,066 and $8,311, respectively, after income tax benefits of $2,335, $3,824, $4,364 and $5,159, respectively (see Note 17 for additional information). The impact of the impairment of long-lived assets on net income (loss) attributable to The Wendy’s Company during the first, second and fourth quarters of 2012 was $2,783, $2,018 and $8,216, respectively, after income tax benefits of $1,728, $1,252 and $5,100, respectively (see Note 18 for additional information).


(b)	Net income attributable to The Wendy’s Company was materially affected during the first quarter of 2012 by a $17,978 gain on the sale of our investment in Jurlique. As a result of the sale, we have reflected net income attributable to noncontrolling interests of $2,384. See Note 8 for additional information.


(c)	Net loss attributable to The Wendy’s Company was materially affected during the second and third quarters of 2012 by losses on the early extinguishment of debt of $15,621 and $30,926, respectively, after income tax benefits of $9,574 and $18,955, respectively. See Note 12 for additional information.

(d)

(Loss) income from continuing operations was materially affected during the third and fourth quarters of 2012 by corrections related to prior years’ tax matters which had an effect of increasing our benefit from income taxes by $2,181 and $5,439, respectively. Income from discontinued operations was also affected during the third quarter of 2012 by such corrections which had an effect of increasing our benefit from income taxes by $580. See Notes 2 and 14 for additional information.


(e)	Basic and diluted income (loss) per share are being presented together since diluted income (loss) per share was the same as basic income (loss) per share for all periods presented. See Note 5 for additional information.

(f)

The operating profit was materially affected by facilities relocation costs and other transactions in each of the 2011 quarters and impairment of long-lived assets in the first and fourth quarters of 2011. The impact of facilities relocation costs and other transactions on net (loss) income for the first, second, third and fourth quarters of 2011 was $1,178, $3,149, $14,899 and $9,288, respectively, after income tax benefits of $706, $1,890, $8,940 and $5,661, respectively. The impact of the impairment of long-lived assets on net (loss) income for the first and fourth quarters of 2011 was $4,865 and $2,847, respectively, after income tax benefits of $3,032 and $1,774, respectively.