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Wendy’s Company Comments on Trian Partners Amended 13D Filing

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DUBLIN, Ohio, May 24, 2022 /PRNewswire/ — The Wendy’s Company (Nasdaq: WEN) today issued the following statement regarding Schedule 13D/A filed by Trian Fund Management, LP and certain of its affiliates with the Securities and Exchange Commission:

Wendy’s® was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave has built his business on the premise “Quality is Our Recipe®”, which remains the hallmark of the Wendy’s system. Wendy’s is best known for its made-to-order square burgers made with fresh never-frozen* beef, freshly prepared salads and other signature items like chili, baked potatoes and Frosty® dessert. The Wendy’s Company (Nasdaq: WEN) is committed to doing the right thing and making a positive difference in the lives of others. This is especially visible through the company’s support of the Dave Thomas Foundation for Adoption® and its Wendy’s Wonderful Kids® program, which aims to find every child in the North American foster care system a loving, forever home. Today, Wendy’s and its franchisees employ hundreds of thousands of people in more than 6,700 restaurants worldwide with a vision to be the fastest growing and most loved restaurant brand in the world. For more details on franchising, contact us at www.wendys.com/franchising. Visit www.wendys.com and www.squaredealblog.com for more information and connect with us on Twitter and Instagram using @wendys, and on Facebook at www.facebook.com/wendys. *Fresh beef available in the contiguous United States, Alaska and Canada.

“Wendy’s Company’s Board of Directors and management team regularly review the company’s strategic priorities and opportunities with the goal of maximizing value for all shareholders. Our Board is committed to continuing to act in the best interest of the company and its shareholders. fiduciary obligations, the Board of Directors will carefully consider any proposal submitted by Trian Partners.

As evidenced by our recent first quarter results, we continue to make meaningful progress against our three strategic growth pillars, building on the strength and resilience of the Wendy’s® brand and delivering solid increases in ACV and sales. We remain focused on achieving our vision of becoming the world’s fastest growing and most loved restaurant brand.”

Forward-looking statements

This press release contains certain statements that are not historical facts, including statements regarding the Company’s strategic priorities and opportunities and its future performance. These statements, as well as statements preceded, followed by or containing the words “will”, “may”, “believe”, “intend”, “plan”, “expect”, “anticipate” or Similar expressions constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Reform Act”). Forward-looking statements are based on the Company’s expectations at the time, speak only as of the dates on which they are made, and are subject to a number of risks, uncertainties and other factors that could cause that our actual results, performance or achievements differ materially. of those expressed or implied by any forward-looking statement. These factors include, but are not limited to, the factors identified in the “Special Note Regarding Forward-Looking Statements and Projections” and “Risk Factors” sections of our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. and in our other filings with the Securities and Exchange Commission. For all forward-looking statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Reform Act.

About Wendy’s

Wendy’s® was founded in 1969 by David Thomas in Columbus, Ohio. Dave built his business on the “Quality is Our Recipe®” principle, which remains the hallmark of the Wendy’s system. Wendy’s is best known for its made-to-order square burgers made with fresh never-frozen* beef, freshly prepared salads and other signature items like chili, baked potatoes and Frosty® dessert. The Wendy’s Company (Nasdaq: WEN) is committed to doing the right thing and making a positive difference in the lives of others. This is especially visible through the company’s support of the Dave Thomas Foundation for Adoption® and its Wendy’s Wonderful Kids® program, which seeks to find a loving, forever home for every child awaiting adoption from the foster care system. North American. Today, Wendy’s and its franchisees employ hundreds of thousands of people in approximately 7,000 restaurants worldwide with a vision to be the fastest growing and most loved restaurant brand in the world. For more details on franchising, contact us at www.wendys.com/franchising. Visit www.wendys.com and www.squaredealblog.com for more information and connect with us on Twitter and Instagram using @wendys, and on Facebook at www.facebook.com/wendys.

*Fresh beef available in the contiguous United States, Alaskaand Canada.

Investor contacts:
Kelsey freed
Director – Investor Relations
(614) 764-3345; [email protected]

Media Contact:
Heidi Schauer
Vice President – ​​Communications, Public Affairs and Customer Service
(614) 764-3368; [email protected]

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SOURCEThe Wendy’s Company