SECURITIES AND EXCHANGE COMMISSION
                                  WASHINGTON, DC  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) July 28, 1998



                          TRIARC COMPANIES, INC.
                   (Exact Name of Registrant as Specified in Charter)



Delaware                  1-2207                           38-0471180
(State or other           (Commission                      (IRS Employer
jurisdiction of           File Number)                     Identification No.)
incorporation)


             280 Park Avenue
             New York, New York                                10017
             (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 5.      Other Events.

        On July 28, 1998, the Registrant  issued a press release with respect to
its  results of  operations  for the fiscal  quarter  ended  June 28,  1998.  In
addition,  the Registrant  announced  that its Board of Directors  authorized an
increase  in the  Registrant's  share  repurchase  program  bringing  the  total
availability  under the share repurchase  program to $50 million.  A copy of the
press release is being filed herewith as an exhibit hereto.

Item 7.      Financial Statements, Pro Forma Financial Information and Exhibits

        (c)  Exhibits

        99.1   Press release dated July 28, 1998


        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.



                                           By:   BRIAN L. SCHORR
Date: August 6, 1998                             Brian L. Schorr
                                                 Executive Vice President
                                                 and General Counsel



                                      Exhibit Index


Exhibit
No.            Description                                       Page No.
- --------       --------------                                    --------

99.1           Press release dated July 28, 1998                    4