Wendy's International, Inc. Announces 2005 Third Quarter Same-Store Sales

-- Tim Hortons(R) third quarter same-store sales increased 3.6% to 3.7% at restaurants in Canada and 4.7% in the United States, compared to very strong sales in the quarter a year ago.

-- Wendy's(R) same-store sales decreased 5.0% at U.S. company stores and 5.5% to 5.7% at U.S. franchised restaurants, compared to positive sales in the quarter a year ago.

-- Baja Fresh(R) Mexican Grill's system same-store sales declined 4.1%.

"Sales at all brands were impacted by record high gasoline pricesand lower consumer spending levels, and store closings from hurricanesKatrina and Rita impacted Wendy's restaurants during the period," saidChairman and CEO Jack Schuessler. "We are not pleased with our Wendy'sand Baja Fresh sales trends, and everyone in the organization isfocused on improving results."
Third-Quarter Same-Store Sales Summary

3Q 2005 3Q 2004 2005 YTD
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Wendy's U.S. Company (5.0%) 2.0% (3.9%)
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Wendy's U.S. Franchise (5.5% to 5.7%) 0.9% (3.5%)
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Tim Hortons Canada 3.6% to 3.7% 8.4% 5.0%
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Tim Hortons U.S. 4.7% 9.8% 7.0%
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Baja Fresh System (4.1%) (7.5%) (3.9%)
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Tim Hortons continues to innovate with products; Company workingon IPO

During the third quarter, Tim Hortons featured fresh-baked cookiesin July, cinnamon rolls in August and steeped tea (in Canada) andchocolate-themed desserts (in the U.S.) in September. In October, TimHortons is promoting its hearty vegetable soup and turkey sandwichcombo; its donut of the month is pumpkin spice.

Management is working on the elements of Tim Hortons initialpublic offering (IPO), which was announced in late July. The Companyplans to file an S-1 registration statement in early December andcontinues to target March 2006 for the Tim Hortons IPO.

Wendy's sales hurt by hurricanes

Wendy's third-quarter sales were affected by hurricanes Katrinaand Rita, which resulted in the loss of 2,676 full store days (1,460company and 1,216 franchise) through the end of the third quarter, aswell as a number of partial store days. As of Oct. 2, 26 company and21 franchised Wendy's in Louisiana, Mississippi and Texas had notre-opened.

The Company's preliminary estimate is that the hurricanesnegatively impacted third-quarter earnings by $0.02 per share due to:

-- Lost sales and royalties in the affected region.

-- Increased expenses for salary-continuation programs for displaced workers.

-- Costs for relief-effort donations in the areas affected by the hurricane.

-- Rent expense for closed stores.

"We are focused on reinvigorating Wendy's sales growth with afanatical approach to execution in restaurant operations, marketingand research and development," said Schuessler. "We are also makingprogress on our strategic initiatives, including the sale of certainWendy's real estate assets and initial steps in the process of closingof underperforming stores and refranchising certain company-ownedstores."

Beginning in October, Wendy's will promote its Bacon Mushroom MeltCheeseburger as part of its platform marketing strategy, whichincludes Internet advertising along with traditional television,radio, print and in-store marketing.

Company faced other costs in the Third Quarter

As previously announced, the Company's 2005 third-quarter beefcosts were an all-time high $1.55 per pound, up 18% compared to $1.31in the third quarter of last year. Higher beef costs are expected tohave a $0.02 negative impact on third-quarter earnings per share.

Beef prices will improve in the fourth quarter to $1.39 per pound,down 10.3% from the 2005 third-quarter price, and down $0.01 per poundfrom $1.40 per pound during the fourth quarter a year ago.

Company continues to strengthen management team

The Company announced personnel changes in two key areas tostrengthen its Wendy's management team and brand.

Robert Whittington recently joined the Company as Senior VicePresident and Chief Information Officer. Whittington comes to Wendy'sfrom Sun Microsystems, where he was Retail Vertical TechnologyOfficer. Prior to that, he was Vice President of Business ProcessInnovation Consulting for EDS. He also has external consultingexperience from Ernst & Young / Cap Gemini, where his clients includedThe Fleming Companies, McDonald's, Albertsons, Walgreens, Sears,Dayton Hudson, and the United Kingdom government. Whittington has aB.A. from Wheaton College and an MBA from the University of Chicago.He will be moving to Columbus from Kansas City.

Whittington fills a vacancy created by the May 2005 promotion ofJohn Deane, Wendy's Executive Vice President and CIO since 2002, toExecutive Vice President of Wendy's North America Operations. Duringhis tenure at Wendy's, Deane led a successful transformation of theCompany's information technology group to a strategic, mobile forceand oversaw key initiatives such as E-Pay, Store Budgeting and StoreAutomation. He has also championed change-management processesthroughout the system to help meet changing consumer needs. Deanepreviously held senior management positions at MedPartners (nowCareMark Rx, Inc.), Whirlpool Corp., and Price Waterhouse, and alsofounded his own technology services company, Clipper Management. Deaneholds a B.S. degree in business from the Universidad CatolicaArgentina in Buenos Aires, Argentina, and an MBA from MarquetteUniversity.

Third Quarter conference call and webcast scheduled for Oct. 27

The Company will release earnings and host a conference call at4:00 p.m. on Thursday, Oct. 27 to discuss third-quarter results.

Investors may participate either via conference call at (877)572-6014 (domestic) or (706) 679-4852 (international), or by livewebcast at www.wendys-invest.com. A replay will also be available for90 days on the site and for 10 days by telephone at (800) 642-1687(conference ID No. 9867893).
Monthly Same-Store Sales Summary for July, August and September(a)

July July August August September September
2005 2004 2005 2004 2005 2004
-------------- ------------- ------------- ---------------------------
Wendy's U.S.
Company (5.4%) 3.9% (5.2%) 2.8% (4.3%) (1.4%)
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Wendy's U.S.
Franchise (5.2%) 2.1% (6.5%) 1.5% (4.7% to 5.0%) (1.0%)
-------------- ------------- ------------- ---------------------------
Tim Hortons
Canada 4.0% 8.2% 3.4% 9.6% 3.5% to 3.6% 7.5%
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Tim Hortons
U.S. 4.1% 11.0% 5.3% 10.4% 4.8% 7.7%
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(a) For the July, August and September sales periods ended Aug. 7,
Sept. 4, and Oct. 2, respectively.

Tim Hortons IPO

A registration statement relating to the common shares to be soldin the Tim Hortons IPO is expected to be filed with the Securities andExchange Commission, but has not been filed or become effective. Thecommon shares may not be sold and offers may not be accepted prior tothe time the registration statement becomes effective.

This release does not constitute an offer to sell or thesolicitation of any offer to buy, and there shall not be any sale ofthe common shares in any state in which such offer, solicitation orsale would be unlawful prior to the registration or qualificationunder the securities laws of any such state.

Wendy's International, Inc. overview

Wendy's International, Inc. is one of the world's largestrestaurant operating and franchising companies with more than 9,800total restaurants and quality brands - Wendy's Old FashionedHamburgers(R), Tim Hortons and Baja Fresh Mexican Grill. The Companyhas investments in two other quality brands - Cafe Express(TM) andPasta Pomodoro(R). More information about the Company is available atwww.wendys-invest.com.

Safe Harbor statement

Certain information in this news release, particularly informationregarding future economic performance and finances, and plans,expectations and objectives of management, is forward looking. Factorsset forth in our Safe Harbor under the Private Securities LitigationReform Act of 1995, in addition to other possible factors not listed,could affect the Company's actual results and cause such results todiffer materially from those expressed in forward-looking statements.Please review the Company's Safe Harbor statement athttp://www.wendys-invest.com/safeharbor.

Cafe Express is a trademark of Cafe Express, LLC

Pasta Pomodoro is a registered trademark of Pasta Pomodoro, Inc.