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Headquarters: Website: http://www.wendys.com
Wendy's is the third largest hamburger chain in the world with 6,500 restaurants in the U.S. and 25 countries and territories. A subsidiary, Wendy’s International, Inc., is the franchisor of the Wendy’s restaurant system. The company was formerly known as Wendy's/Arby's Group but sold the Arby's chain to Roark Capital Group in July 2011. The company changed its name to Wendy's and still has an 18.5% stake in Arby's. The company moved its headquarters back to Dublin, OH this year where it was originally located from Atlanta. The company reported sales of $3.6 billion in 2010, down from $3.8 billion in 2009. This included sales with the Arby's chain. Total revenue from Wendy's restaurants was $2.37 billion. Net loss for the year was $4.3 million. The company said it plans to open 20 company stores and 45 franchise stores this year, plus approximately 50 international franchise stores. Wendy's introduced a newly designed cheeseburger this year called Dave's Hot and Juicy Cheesburger with a butter-toasted bun and fresh toppings. History The company was founded by Dave Thomas who opened the first Wendy's Old Fashioned Hamburgers restaurant on Nov. 15, 1969 in Columbus, OH. The restaurant was named after one of his daughters. Thomas was already a successful entrepreneur who had owned several KFC restaurants. He focused on providing fresh, made-to-order hamburgers for customers. Thomas appeared in many of the chain's TV commercials before passing away in 2002. In 2006, Wendy's spun off Tim Horton's - a donut chain with over 2,700 outlets in Canada and 300+ in the U.S. -- in an IPO. It also sold off the Baja Fresh chain for $31 million. Triarc Companies, owner of the Arby's chain, acquired Wendy's in September 2008 for $2.4 billion in stock. The combined company was renamed Wendy's/Arby's Group. Benefits and Pay - Medical/Dental/Prescription Updated October 13, 2011 |