The Wendy�s Company is a quick-service restaurant company in the hamburger sandwich segment. Wendy�s is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants serving food. At December 30, 2012, there were 6,186 Wendy�s restaurants in operation in North America. Of these restaurants, 1,427 were operated by Wendy�s and 4,759 by a total of 439 franchisees. In addition, at December 30, 2012, there were 374 franchised Wendy�s restaurants in operation in 26 countries and territories other than North America. Wendy�s is also a 50% partner in a Canadian restaurant real estate joint venture with Tim Hortons Inc., a quick-service restaurant chain. The joint venture owns Wendy�s/Tim Hortons combo units in Canada. As of December 30, 2012, there were 105 Wendy�s restaurants in operation that were owned by the joint venture.