AI assistant
Wendy's Co — Annual Report 2023
Mar 30, 2023
31695_10-k_2023-03-30_c620dd7a-2f2c-431e-9394-69658bd5e6cb.zip
Annual Report
Open in viewerOpens in your device viewer
begin 644 d382927dars.pdf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