Wendy's/Arby's Group (WEN) Swings to Q4 Loss

Wendy's/Arby's Group, Inc. (NYSE: WEN) reports Q4 loss of $0.84, compared to a profit of $0.32 in the same quarter last year.Revenues for the quarter were $896.5 million, versus $320.64 million.

Same store sales rose 3.7% during the quarter.

Financial outlook:

• Open 10 new Wendy's company and 5 new Arby's company restaurants in 2009.
  
• Reduce capital expenditures to approximately $140 million in 2009, which is more than $60 million less than the combined capital spending of Wendy's and Arby's in 2008 primarily due to lower new restaurant development.
  
• Combine Wendy's and Arby's revolver and term-loan borrowings under a single credit agreement.
  
• Deliver average annual EBITDA growth in the mid-teens through 2011.

UPDATE: Click here to view a summary of some highlights from the company's Q4 conference call.

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