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What changed 10-K
Item 2. Properties
2023-03-01 compared with 2022-03-01 · 1 added, 1 removed, 19 unchanged (10% of the section changed)
14 unchanged sentences
segment, Wendy’s owned the land and building for 158 restaurants, owned the building and held long-term land leases for 143 restaurants and held leases covering the land and building for 102 restaurants.
−Removed: Wendy’s also held leases covering the land and building for each of the five Company-operated restaurants in the Wendy’s International segment.
+Added: held leases covering the land and building for each of the 12 Company-operated restaurants in the Wendy’s International segment.
Lease terms are generally initially between 15 and 20 years and, in most cases, provide for rent escalations and renewal options.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.