v3.24.1.u1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
Revenues by segment are as follows:
Three Months Ended
March 31,
2024		April 2,
2023
Wendy’s U.S.$442,847 $440,988 
Wendy’s International32,815 29,280 
Global Real Estate & Development59,091 58,539 
Total revenues$534,753 $528,807 
Reconciliation of Profit from Segments to Consolidated
The following table reconciles profit by segment to the Company’s consolidated income before income taxes:
Three Months Ended
March 31,
2024		April 2,
2023
Wendy’s U.S. (a)$125,824 $125,230 
Wendy’s International (b)10,690 7,446 
Global Real Estate & Development24,061 25,068 
Total segment profit160,575 157,744 
Unallocated franchise support and other costs(26)— 
Advertising funds deficit207 1,106 
Unallocated general and administrative (c)(33,390)(32,161)
Depreciation and amortization (exclusive of amortization of cloud computing arrangements shown separately below)(35,518)(33,472)
Amortization of cloud computing arrangements(3,542)(1,582)
System optimization (losses) gains, net(127)5 
Reorganization and realignment costs(5,673)(6,808)
Impairment of long-lived assets(2,006)(376)
Unallocated other operating income, net656 22 
Interest expense, net(30,535)(31,705)
Loss on early extinguishment of debt— (1,266)
Investment loss, net— (3,562)
Other income, net6,836 7,336 
Income before income taxes$57,457 $55,281 
_______________
(a)Wendy’s U.S. includes advertising funds expense of $2,325 for the three months ended March 31, 2024 related to the Company’s funding of incremental advertising.

(b)Wendy’s International includes advertising funds expense of $162 and $548 for the three months ended March 31, 2024 and April 2, 2023, respectively, related to the Company’s funding of incremental advertising in Canada. In addition, Wendy’s International includes other international-related advertising deficit of $150 and $845 for the three months ended March 31, 2024 and April 2, 2023, respectively.

(c)Includes corporate overhead costs, such as employee compensation and related benefits.