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This excerpt taken from the WEN 10-K filed Mar 1, 2007. Pepsi Agreement Effective January 1, 2006, the Company entered into an agreement with PepsiCo, Inc. (“Pepsi”) for Pepsi to provide fountain beverage products and certain marketing support funding to the Company and its Arby’s franchisees. The agreement requires the Company and its Arby’s franchisees to purchase fountain beverage syrup from Pepsi at certain preferred prices until a contractual gallonage total has been reached. Purchases made by the Company during 2006 amounted to $6,134,000. Future purchases by the Company under this commitment are estimated to be approximately $8,400,000 per year, aggregating approximately $84,000,000 over the remaining life of the contract based on current preferred prices and the current ratio of sales at Company-owned restaurants to franchised Arby’s restaurants. |
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