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This excerpt taken from the WEN 10-K filed Apr 3, 2006. Nation's Restaurant News, Arby's
is the 11th largest quick service restaurant chain in the United States. As of January 1, 2006, there were 1,039 company-owned Arby's restaurants and 2,467 Arby's restaurants owned by 459 franchisees. Of the 2,467 franchisee owned restaurants, 2,337 operated within the United States and 130 operated outside the United States.
ARG also owns the T.J. Cinnamons® concept, which consists of gourmet cinnamon rolls, gourmet coffees and other related products, and the Pasta Connection® concept, which includes pasta dishes with a variety of different sauces. Some Arby's restaurants are multi-branded with T.J. Cinnamons or Pasta Connection. 241 domestic Arby's restaurants are multi-branded locations that sell T.J. Cinnamons products and 11 are multi-branded locations that sell Pasta Connection products. At January 1, 2006, T.J. Cinnamons gourmet coffees 5
were also sold in approximately 882 additional Arby's restaurants. ARG is not currently offering to sell any additional Pasta Connection franchises. ARG also owns and operates one Arby's Market Fresh™ unit. Developed as a test design, the Arby's Market Fresh unit features an expansion of Arby's successful Market Fresh® line of premium sandwiches and salads within an in-line shopping center. ARG currently has plans to develop at least two additional company-owned Arby's Market Fresh units during 2006. In addition to various slow-roasted roast beef sandwiches, Arby's offers an extensive menu of chicken, turkey and ham sandwiches, side dishes and salads. In 2001, Arby's introduced its Market Fresh line of premium sandwiches on a nationwide basis. In 2003, Arby's developed a line of Market Fresh Salads, which were introduced on a nationwide basis in 2004. Arby's also developed Market Fresh wrap sandwiches, which were introduced nationwide in 2004. In addition, during the first quarter of 2006, Arby's is replacing its line of chicken products with Arby's Chicken Naturals™, a new line of menu offerings made with 100 percent all natural chicken breast that is not altered or injected with added water, salt or phosphates. ARG is also currently
testing 0g Trans Fat frying methods and menu products for possible introduction throughout the entire system. During 2005, ARG opened 24 Arby's restaurants and one Arby's Market Fresh restaurant and closed 10 (generally underperforming) Arby's restaurants, and Arby's franchisees opened 76 new Arby's restaurants and closed 46 (generally underperforming) Arby's restaurants. In addition, during 2005, Arby's franchisees opened 7 and closed 10 T.J. Cinnamons units located in Arby's units. As of January 1, 2006, franchisees have committed to open 237 Arby's restaurants over the next six years. You should read the information contained in “Item 1A. Risk Factors—Arby's is significantly dependent on new restaurant openings, which may be interrupted by factors beyond our control.” |
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