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Arby’s Parent Company Reports Full Year and Fourth Quarter ‘06 Results

Triarc Companies, Inc. announced the results of operations for its fiscal year and fourth quarter ended Dec 31, 2006.

Consolidated Highlights

• Consolidated revenues increased to $1,243.3 million in the 2006 fiscal year ($332.0 million in the 2006 fourth quarter) from $727.3 million in the 2005 fiscal year ($305.6 million in the 2005 fourth quarter), primarily reflecting the full-period effect of the July 2005 acquisition of RTM Restaurant Group ('RTM'), the owner of 775 Arby's(R) restaurants as of the date of the acquisition, as well as the impact of net additional stores and continued positive systemwide same-store sales, which were up 3% in the 2006 fiscal year (1% in the 2006 fourth quarter).

• Consolidated revenues were also positively impacted by increases in the asset management and related fees of Deerfield & Company LLC ('Deerfield'). Deerfield's revenues increased to $88.0 million in the 2006 fiscal year ($39.6 million in the 2006 fourth quarter) from $65.3 million in the 2005 fiscal year ($27.4 million in the 2005 fourth quarter). This increase principally reflects asset management and incentive fees from increased assets under management, including new investment vehicles, and improved performance in the 2006 periods.

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