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Wendy's Sales Stumble

DUBLIN, OH-Wendy's International Inc., parent company of Tim Hortons, Wendy's and Baja Fresh, warns of disappointing Q3 same-store sales.

By Dana Dubriwny | Updated on October 05, 2005

DUBLIN, OH-Wendy’s International Inc., which operates chains under the names Tim Hortons, Wendy’s and Baja Fresh Mexican Grill, posted mixed preliminary same-store sales results for its third quarter ended Oct. 2.

The company’s Tim Hortons restaurant chain experienced a same-store increase of 3.6% to 3.7% at restaurants in Canada and 4.7% in the United States, compared to sales during the same period a year ago. Wendy’s same-store sales decreased 5% at US company stores and 5.5% to 5.7% at US franchised restaurants, compared to positive sales in the quarter a year ago. And following suit, Baja Fresh Mexican Grill’s system same-store sales declined 4.1%.

Chairman and CEO Jack Schuessler charged that record-high gasoline prices and lower consumer spending levels impacted sales, and store closings from hurricanes Katrina and Rita impacted Wendy’s restaurants during the period. “We are not pleased with our Wendy’s and Baja Fresh sales trends, and everyone in the organization is focused on improving results,” Schuessler said in a statement.

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