UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 19, 2002
TRIARC COMPANIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-2207 38-0471180
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number)
280 Park Avenue
New York, NY 10017
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 451-3000
(Former name or former address, if changed since last report)
Item 9. Regulation FD Disclosure
The information in this Report is being furnished, not filed, pursuant to
Regulation FD. The information in this Report shall not be incorporated by
reference into any registration statement pursuant to the Securities Act of
1933, as amended. The furnishing of the information in this Report is not
intended to, and does not, constitute a determination or admission that the
information in this Report is material, or that investors should consider this
information before making an investment decision with respect to any security of
Triarc Companies, Inc. or Arby's, Inc.
Our subsidiary Arby's, Inc. has delivered to certain parties a report
containing certain unaudited financial and operating information in accordance
with the terms of the indenture relating to the 7.44% fixed rate insured notes
due 2020 issued by its subsidiary Arby's Franchise Trust. Such report, which
reflects Arby's U.S. and Canadian operations for the period from October 1, 2001
through December 30 or 31, 2001 (as applicable), was prepared in accordance with
the reporting requirements of such indenture, and not in accordance with
generally accepted accounting principles. Accordingly, pursuant to Regulation
FD, Triarc is furnishing in this Report certain information reflected in the
Arby's report that has not been previously publicly disclosed, as follows:
o Arby's reported the collection of franchise royalties of
approximately $22.7 million from U.S. and Canadian
franchisees for the period from October 1, 2001 through
December 31, 2001.
o Arby's reported gross collections (including royalties)
from U.S. and Canadian franchisees of approximately $24.0
million and reported servicing expenses of approximately $8.8
million for the period from October 1, 2001 through December
31, 2001.
o Arby's reported total United States and Canadian
systemwide sales of approximately $687.1 million for the
period from October 1, 2001 through December 30, 2001.
o Arby's reported that as of December 30, 2001, there were 3,198
Arby's restaurants in the United States and 125 Arby's
restaurants in Canada.
o Arby's reported that as of December 30, 2001, Arby's had
commitments to open 603 Arby's restaurants in the United
States and 8 Arby's restaurants in Canada over the next 8
years.
o Arby's reported that as of December 31, 2001, the annual unit
volume for the preceding twelve months for U.S. and Canadian
franchisees was approximately $797,000.
o Arby's reported that the percentage increase in same store
sales for the period from October 1, 2001 to December 31,
2001 compared with the same period in 2000 was 3.79% for
U.S. and Canadian franchisees.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TRIARC COMPANIES, INC.
Date: February 19, 2002 By: /s/ Francis T. McCarron
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Francis T. McCarron
Senior Vice President and
Chief Financial Officer