v3.24.3
Segment Information (Notes)
 9 Months Ended
Sep. 29, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
Revenues by segment are as follows:
Three Months EndedNine Months Ended
September 29,
2024		October 1,
2023		September 29,
2024		October 1,
2023
Wendy’s U.S.$468,725 $457,240 $1,384,163 $1,366,981 
Wendy’s International37,598 35,167 106,774 97,162 
Global Real Estate & Development60,416 58,148 181,282 176,784 
Total revenues$566,739 $550,555 $1,672,219 $1,640,927 
The following table reconciles profit by segment to the Company’s consolidated income before income taxes:
Three Months EndedNine Months Ended
September 29,
2024		October 1,
2023		September 29,
2024		October 1,
2023
Wendy’s U.S. (a)$129,790 $134,887 $392,323 $403,064 
Wendy’s International (b)11,046 10,831 32,411 26,808 
Global Real Estate & Development27,237 24,418 79,480 76,020 
Total segment profit168,073 170,136 $504,214 $505,892 
Unallocated franchise support and other costs(900)(29)(1,117)(6)
Advertising funds deficit190 1,088 651 3,509 
Unallocated general and administrative (c)(32,443)(30,962)(98,289)(96,776)
Depreciation and amortization (exclusive of amortization of cloud computing arrangements shown separately below)(36,996)(34,288)(110,006)(101,258)
Amortization of cloud computing arrangements(3,576)(3,844)(10,637)(7,692)
System optimization gains, net420 120 573 119 
Reorganization and realignment costs(354)(611)(8,479)(8,100)
Impairment of long-lived assets(178)(59)(2,873)(513)
Unallocated other operating income, net439 52 1,301 180 
Interest expense, net(31,270)(30,957)(92,800)(93,798)
Loss on early extinguishment of debt— (319)— (1,585)
Investment income (loss), net— — 11 (10,389)
Other income, net6,246 7,637 19,382 22,546 
Income before income taxes$69,651 $77,964 $201,931 $212,129 
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(a)Wendy’s U.S. includes advertising funds expense of $5,977 and $13,386 for the three and nine months ended September 29, 2024 related to the Company’s funding of incremental advertising.

(b)Wendy’s International includes advertising funds expense of $622 and $1,387 for the three and nine months ended September 29, 2024, respectively, and $596 and $1,802 for the three and nine months ended October 1, 2023, respectively, related to the Company’s funding of incremental advertising in Canada. In addition, Wendy’s International includes other international-related advertising (deficit) surplus of $(170) and $(640) for the three and nine months ended September 29, 2024, respectively, and $535 and $(789) for the three and nine months ended October 1, 2023, respectively.

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