The Wendy’s Company reported results for the fourth quarter and fiscal year ended January 3, 2021.
The annual revenue stood at USD1.73bn, with an adjusted revenue of USD1.4bn. Operating profit was USD78.6m in the fourth quarter and USD269.3m in the overall year. Figures are unaudited.
The fourth quarter and full-year results include the favorable impact of a 53rd operating week, which affected all fourth-quarter and full year comparisons to 2019.
“I could not be more proud of our results and the work that was done by the Wendy’s® System across the globe in 2020 with all the challenges we faced and overcame during the year. I am confident that we have emerged as a stronger, more unified brand that is poised to deliver outsized growth,” President and CEO Todd Penegor said. “We accomplished a lot in 2020, including securing our position as the #2 QSR hamburger restaurant chain in the US, achieving our two highest quarterly Global same restaurant sales results in over 15 years, launching our highly successful breakfast daypart, more than doubling our digital sales, enhancing our restaurant economic model, and continuing to enhance access to our brand with net new restaurant development. As we turn the page to 2021, we remain confident in our playbook of investing smartly to drive accelerated growth behind our three major long-term growth pillars: significantly building our breakfast daypart, accelerating our digital business, and expanding our footprint, both Internationally and in the US.”