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Revenue (Tables) | 12 Months Ended
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Jan. 01, 2023
Revenue [Abstract] |
Disaggregation of Revenue | The following tables disaggregate revenue by segment and source for 2022, 2021 and 2020:
| Wendy’s U.S. |  | Wendy’s International |  | Global Real Estate & Development |  | Total
2022 |  |  |  |  |  |  |
Sales at Company-operated restaurants | $ | 882,684 |  |  | $ | 13,901 |  |  | $ | — |  |  | $ | 896,585 |
Franchise royalty revenue | 423,955 |  |  | 61,533 |  |  | — |  |  | 485,488 |
Franchise fees | 63,112 |  |  | 5,542 |  |  | 4,093 |  |  | 72,747 |
Franchise rental income | — |  |  | — |  |  | 234,465 |  |  | 234,465 |
Advertising funds revenue | 380,491 |  |  | 25,729 |  |  | — |  |  | 406,220 |
Total revenues | $ | 1,750,242 |  |  | $ | 106,705 |  |  | $ | 238,558 |  |  | $ | 2,095,505 |
2021 |  |  |  |  |  |  |
Sales at Company-operated restaurants | $ | 730,415 |  |  | $ | 3,659 |  |  | $ | — |  |  | $ | 734,074 |
Franchise royalty revenue | 407,317 |  |  | 53,392 |  |  | — |  |  | 460,709 |
Franchise fees | 64,170 |  |  | 5,391 |  |  | 6,478 |  |  | 76,039 |
Franchise rental income | — |  |  | — |  |  | 236,655 |  |  | 236,655 |
Advertising funds revenue | 365,594 |  |  | 23,927 |  |  | — |  |  | 389,521 |
Total revenues | $ | 1,567,496 |  |  | $ | 86,369 |  |  | $ | 243,133 |  |  | $ | 1,896,998 |
2020 |  |  |  |  |  |  |
Sales at Company-operated restaurants | $ | 722,764 |  |  | $ | — |  |  | $ | — |  |  | $ | 722,764 |
Franchise royalty revenue | 373,162 |  |  | 43,346 |  |  | — |  |  | 416,508 |
Franchise fees | 22,126 |  |  | 1,962 |  |  | 4,153 |  |  | 28,241 |
Franchise rental income | — |  |  | — |  |  | 232,648 |  |  | 232,648 |
Advertising funds revenue | 313,330 |  |  | 20,334 |  |  | — |  |  | 333,664 |
Total revenues | $ | 1,431,382 |  |  | $ | 65,642 |  |  | $ | 236,801 |  |  | $ | 1,733,825 |
Contract Balances, assets and liabilities | The following table provides information about receivables and contract liabilities (deferred franchise fees) from contracts with customers:
| Year End
| January 1, 2023 (a) |  | January 2, 2022 (a)
Receivables, which are included in “Accounts and notes receivable, net” (b) | $ | 54,497 |  |  | $ | 49,168 |
Receivables, which are included in “Advertising funds restricted assets” | 70,422 |  |  | 65,497 |
Deferred franchise fees (c) | 99,208 |  |  | 97,186 |
_______________ (a)Excludes funds collected from the sale of gift cards, which are primarily reimbursed to franchisees upon redemption at franchised restaurants and do not ultimately result in the recognition of revenue in the Company’s consolidated statements of operations. (b)Includes receivables related to “Sales” and “Franchise royalty revenue and fees.” (c)Deferred franchise fees are included in “Accrued expenses and other current liabilities” and “Deferred franchise fees” and totaled $8,977 and $90,231, respectively, as of January 1, 2023, and $9,084 and $88,102, respectively, as of January 2, 2022.
Deferred Revenue, by Arrangement, Disclosure | Significant changes in deferred franchise fees are as follows:
| Year Ended
| 2022 |  | 2021 |  | 2020
Deferred franchise fees at beginning of period | $ | 97,186 |  |  | $ | 97,785 |  |  | $ | 100,689 |
Revenue recognized during the period | (11,567) |  |  | (19,838) |  |  | (8,955) |
New deferrals due to cash received and other | 13,589 |  |  | 19,239 |  |  | 6,051 |
Deferred franchise fees at end of period | $ | 99,208 |  |  | $ | 97,186 |  |  | $ | 97,785 |
Anticipated Recognition of Deferred Franchise Fee | The following table reflects the estimated franchise fees to be recognized in the future related to performance obligations that are unsatisfied at the end of the period:
Estimate for fiscal year: |
2023 | $ | 8,977 |
2024 | 5,835 |
2025 | 5,669 |
2026 | 5,559 |
2027 | 5,482 |
Thereafter | 67,686 |
| $ | 99,208 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 + Details
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