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02.04.2001 – 16:50

Wendy's International, Inc.

Wendy's reports improving US sales performance
Tim Hortons sales up 10% in March

Dublin, Ohio (ots-PRNewswire) -

Wendy's International, Inc. (NYSE:
WEN) announced today its preliminary sales results for March (Period
3), which ended on April 1, 2001.
At Wendy's(R) company operated restaurants in the United States,
same - store sales grew by about 2.6% in March, on top of a 5.4%
increase in the same quarter a year ago.  It was the best monthly
sales performance of the year for Wendy's.
At Tim Hortons(R) restaurants in Canada, same-store sales in March
were up about 10%, on top of a 9.5% increase in the same period a
year ago.  At Tim Hortons restaurants in the U.S., same-store sales
were up about 8% in March on top of a 12.8% increase in the same
period a year ago.
"Wendy's sales trends are improving and Tim Hortons continues to
deliver results that are better than expected," said Jack Schuessler,
chief executive officer and president.  "We are optimistic about
continuing to produce sales growth due to our systemwide focus on
restaurant operations and quality products.  At Wendy's, we have an
excellent promotional sandwich coming up with national advertising
and we expect our late night sales to continue growing this summer."
Company management is participating in the Banc of America Securities
Consumer Conference on April 2 at the Palace Hotel, 455 Madison Ave.,
New York.  The Company's presentation is scheduled at 3:30 p.m. and
will be web cast on the Internet at:
http://www.veracast.com/bas_consumer2001/webcasts/id721041121.cfm .
Wendy's International, Inc. is one of the world's largest
restaurant operating and franchising companies, with $7.7 billion in
2000 systemwide sales and two quality brands -- Wendy's and Tim
Hortons.  Wendy's Old Fashioned Hamburgers(R) was founded in 1969 by
Dave Thomas and is the third largest quick-service hamburger chain in
the world with nearly 5,800 restaurants in the United States, Canada
and international markets.  Tim Hortons was founded in 1964 by Tim
Horton and Ron Joyce and is the largest coffee and fresh baked goods
chain in Canada.  There are nearly 2,000 Tim Hortons restaurants of
which more than 1,800 are in Canada.
WENDY'S INTERNATIONAL, INC. Safe Harbour Under the Private
Securities Litigation Reform Act of 1995
The Private Securities Litigation Reform Act of 1995 (the "Act")
provides a "safe harbor" for forward-looking statements to encourage
companies to provide prospective information, so long as those
statements are identified as forward-looking and are accompanied by
meaningful cautionary statements identifying important factors that
could cause actual results to differ materially from those discussed
in the statement. Wendy's International, Inc. (the "Company") desires
to take advantage of the "safe harbor" provisions of the Act.
Certain information in this news release, particularly information
regarding future economic performance and finances, and plans,
expectations and objectives of management, is forward looking. The
following factors, in addition to other possible factors not listed,
could affect the Company's actual results and cause such results to
differ materially from those expressed in forward-looking statements:
Competition. The quick-service restaurant industry is intensely
competitive with respect to price, service, location, personnel and
type and quality of food. The Company and its franchisees compete
with international, regional and local organisations primarily
through the quality, variety and value perception of food products
offered. The number and location of units, quality and speed of
service, attractiveness of facilities, effectiveness of advertising
and marketing programs, and new product development by the Company
and its competitors are also important factors. The Company
anticipates that intense competition will continue to focus on
pricing. Certain of the Company's competitors have substantially
larger marketing budgets.
Economic, Market and Other Conditions. The quick-service
restaurant industry is affected by changes in international,
national, regional, and local economic conditions, consumer
preferences and spending patterns, demographic trends, consumer
perceptions of food safety, weather, traffic patterns and the type,
number and location of competing restaurants. Factors such as
inflation, food costs, labour and benefit costs, legal claims, and
the availability of management and hourly employees also affect
restaurant operations and administrative expenses. The ability of the
Company and its franchisees to finance new restaurant development,
improvements and additions to existing restaurants, and the
acquisition of restaurants from, and sale of restaurants to
franchisees is affected by economic conditions, including interest
rates and other government policies impacting land and construction
costs and the cost and availability of borrowed funds.
Importance of Locations. The success of Company and franchised
restaurants is dependent in substantial part on location. There can
be no assurance that current locations will continue to be
attractive, as demographic patterns change. It is possible the
neighbourhood or economic conditions where restaurants are located
could decline in the future, thus resulting in potentially reduced
sales in those locations.
Government Regulation. The Company and its franchisees are subject
to various federal, state, and local laws affecting their business.
The development and operation of restaurants depend to a significant
extent on the selection and acquisition of suitable sites, which are
subject to zoning, land use, environmental, traffic, and other
regulations. Restaurant operations are also subject to licensing and
regulation by state and local departments relating to health,
sanitation and safety standards, federal and state labour laws
(including applicable minimum wage requirements, overtime, working
and safety conditions, and citizenship requirements), federal and
state laws which prohibit discrimination and other laws regulating
the design and operation of facilities, such as the Americans with
Disabilities Act of 1990. Changes in these laws and regulations,
particularly increases in applicable minimum wages, may adversely
affect financial results. The operation of the Company's franchisee
system is also subject to regulation enacted by a number of states
and rules promulgated by the Federal Trade Commission. The Company
cannot predict the effect on its operations, particularly on its
relationship with franchisees, of the future enactment of additional
legislation regulating the franchise relationship.
Growth Plans. The Company plans to increase the number of
systemwide Wendy's and Tim Hortons restaurants open or under
construction. There can be no assurance that the Company or its
franchisees will be able to achieve growth objectives or that new
restaurants opened or acquired will be profitable.
The opening and success of restaurants depends on various factors,
including the identification and availability of suitable and
economically viable locations, sales levels at existing restaurants,
the negotiation of acceptable lease or purchase terms for new
locations, permitting and regulatory compliance, the ability to meet
construction schedules, the financial and other development
capabilities of franchisees, the ability of the Company to hire and
train qualified management personnel, and general economic and
business conditions.
International Operations. The Company's business outside of the
United States is subject to a number of additional factors, including
international economic and political conditions, differing cultures
and consumer preferences, currency regulations and fluctuations,
diverse government regulations and tax systems, uncertain or
differing interpretations of rights and obligations in connection
with international franchise agreements and the collection of
royalties from international franchisees, the availability and cost
of land and construction costs, and the availability of experienced
management, appropriate franchisees, and joint venture partners.
Although the Company believes it has developed the support structure
required for international growth, there is no assurance that such
growth will occur or that international operations will be
profitable.
Disposition of Restaurants. The disposition of company operated
restaurants to new or existing franchisees is part of the Company's
strategy to develop the overall health of the system by acquiring
restaurants from, and disposing of restaurants to, franchisees where
prudent.  The realisation of gains from future dispositions of
restaurants depends in part on the ability of the Company to complete
disposition transactions on acceptable terms.
Transactions to Improve Return on Investment. The sale of real
estate previously leased to franchisees is generally part of the
program to improve the Company's return on invested capital.  There
are various reasons why the program might be unsuccessful, including
changes in economic, credit market, real estate market or other
conditions, and the ability of the Company to complete sale
transactions on acceptable terms and at or near the prices estimated
as attainable by the Company.
Joint Venture to Manufacture and Distribute Par-Baked Products for
Tim Hortons Restaurants.  The success of the joint venture to
manufacture and distribute par-baked products for Tim Hortons
restaurants could be affected by a number of factors, including many
of the factors set forth above.  In addition, the ability of the
joint venture to acquire real estate and construct and equip a
manufacturing plant on acceptable terms, the realisation of expected
levels of production efficiencies, and actual product distribution
costs and costs incurred to equip Tim Hortons restaurants for
par-baked products occurring within expected ranges, could affect
actual results.
Readers are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date thereof. 
The Company undertakes no obligation to publicly release any
revisions to the forward-looking statements contained in this
release, or to update them to reflect events or circumstances
occurring after the date of this release, or to reflect the
occurrence of unanticipated events.
ots Original Text Service: Wendy's International, Inc.
Internet: www.newsaktuell.ch

Contact:

John D. Barker of Wendy's International, Inc.,
Phone: +1 614-764-3044 or
E-Mail: john_barker@wendys.com
Internet: www.wendys.com