Wendys Company (WEN)

/C O R R E C T I O N -- The Wendy's Company/May 19, 2026 4:30 PM
PR Newswire (US) In the news release, Wendy's Celebrates Its Redhead Roots with NYC Look-alike Contest on World Redhead Day, issued 19-May-2026 by The Wendy's Company over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end: Wendy's Celebrates Its Redhead Roots with NYC Look-alike Contest on World Redhead Day Fans are invited to dress up as Wendy's iconic logo to compete for grand prize of free Dave's Single hamburgers for a yearDUBLIN, Ohio, May 19, 2026 /PRNewswire/ -- WHAT: To celebrate World Redhead Day on Tuesday, May 26, Wendy's is honoring its redheaded roots by calling on brand fans to join a look-alike contest in the heart of New York City. Everyone is welcome to join the fun and show up as your best version of Wendy – from natural red hues and pigtails to wigs, freckles and the iconic blue and white collared dress. The coveted grand prize will be free Dave's Single® hamburgers for a year.* The event will also include music, giveaways, photo ops, and special surprises along the way! It's a can't miss contest that's sure to draw a crowd – and a sea of redheads. WHERE & WHEN: Join us at Seaport Square in NYC (19 Fulton St, New York, NY 10038) on Tuesday, May 26, 2026. Check in for the contest begins at 3:30 PM ET, with the content occurring from 4:15-5:30 PM ET. With a location name that nods to our iconic square burgers, Seaport Square is the perfect setting to crown our Wendy's look-alike winner on World Redhead Day. All participants must be 18 years or older, up to the first 50 participants to officially enter the contest onsite.HOW: The competition unfolds across three rounds:Round 1: Contestants take the stage showcasing their best Wendy's look.Round 2: Contestants prepare and read aloud their best social media worthy post channeling the brand's witty, playful tone for National Hamburger Day (Thursday, 5/28).Round 3: Top 3-5 finalists perform an original, Wendy's-style commercial with crowd applause and judge scores determining the ultimate winner of the grand prize.WHY: Redheads make up just 4% of the U.S. population, but they're impossible to miss. They bring a bold, unmistakable energy that turns heads and leaves an impression –- the kind of presence Wendy's has always admired and recognized as part of its own story. Since 1969, Wendy's has leaned into what makes it different, and World Redhead Day is a moment that reflects that same mindset: one that celebrates being unforgettable instead of blending in. The look-alike contest brings that idea to life in a way that is social, visual, and fun – a live celebration of the people, personality, and spirit that make redheads, and Wendy's, impossible to forget.Be there. Red hair. Seaport Square!ABOUT WENDY'S:
The Wendy's Company (Nasdaq: WEN) and Wendy's franchisees employ hundreds of thousands of people across more than 7,000 restaurants worldwide. Founded in 1969, Wendy's is committed to the promise of Fresh Famous Food, Made Right, For You, delivered to customers through its craveable menu including made-to-order square hamburgers using fresh beef***, and fan favorites like the Spicy Chicken Sandwich and nuggets, Baconator®, and the Frosty® dessert. Wendy's supports the Dave Thomas Foundation for Adoption, established by its founder, which seeks to dramatically increase the number of adoptions of children waiting in North America's foster care system. Learn more about Wendy's at www.wendys.com. For details on franchising, visit www.wendys.com/franchising. Connect with Wendy's on X, Instagram and Facebook.*Dave's Single hamburgers for a year to be awarded as in the form of cash value of one Dave's Single per week, for 52 weeks **4% of U.S. population are redheaded, sourced from data collected at World Population Review***Fresh beef available in the contiguous U.S. and Alaska, as well as Canada, Mexico, Puerto Rico, the UK, and other select international markets.Correction: The event prize and details have been edited in the 'WHAT' section, the U.S. redhead population has been corrected to 4%, and an update was made to the featured photo.  View original content to download multimedia:https://www.prnewswire.com/news-releases/wendys-celebrates-its-redhead-roots-with-nyc-look-alike-contest-on-world-redhead-day-302776392.htmlSOURCE The Wendy's Company Original: /C O R R E C T I O N -- The Wendy's Company/

Wendy's Celebrates Its Redhead Roots with NYC Look-alike Contest on World Redhead DayMay 19, 2026 11:13 AM
PR Newswire (US) Fans are invited to dress up as Wendy's iconic logo to compete for grand prize of free Dave's Single hamburgers for a yearDUBLIN, Ohio, May 19, 2026 /PRNewswire/ -- WHAT: To celebrate World Redhead Day on Tuesday, May 26, Wendy's is honoring its redheaded roots by calling on brand fans to join a look-alike contest in the heart of New York City. Everyone is welcome to join the fun and show up as your best version of Wendy – from natural red hues and pigtails to wigs, freckles and the iconic blue and white collared dress. The coveted grand prize winner will be free Dave's Single® hamburgers for a year.* The event will also include live music, giveaways, photo ops, and special surprises along the way! It's a can't miss contest that's sure to draw a crowd – and a sea of redheads. WHERE & WHEN: Join us at Seaport Square in NYC (19 Fulton St, New York, NY 10038) on Tuesday, May 26, 2026. Check in for the contest begins at 3:30 PM ET, with the content occurring from 4:15-5:30 PM ET. With a location name that nods to our iconic square burgers, Seaport Square is the perfect setting to crown our Wendy's look-alike winner on World Redhead Day. All participants must be 18 years or older.HOW: The competition unfolds across three rounds:Round 1: Contestants take the stage showcasing their best Wendy's look.Round 2: Contestants prepare and read aloud their best social media worthy post channeling the brand's witty, playful tone for National Hamburger Day (Thursday, 5/28).Round 3: Top 3-5 finalists perform an original, Wendy's-style commercial with crowd applause and judge scores determining the ultimate winner of the grand prize.WHY: Redheads make up just 1–4% of the U.S. population, but they're impossible to miss. They bring a bold, unmistakable energy that turns heads and leaves an impression –- the kind of presence Wendy's has always admired and recognized as part of its own story. Since 1969, Wendy's has leaned into what makes it different, and World Redhead Day is a moment that reflects that same mindset: one that celebrates being unforgettable instead of blending in. The look-alike contest brings that idea to life in a way that is social, visual, and fun – a live celebration of the people, personality, and spirit that make redheads, and Wendy's, impossible to forget.Be there. Red hair. Seaport Square!ABOUT WENDY'S:
The Wendy's Company (Nasdaq: WEN) and Wendy's franchisees employ hundreds of thousands of people across more than 7,000 restaurants worldwide. Founded in 1969, Wendy's is committed to the promise of Fresh Famous Food, Made Right, For You, delivered to customers through its craveable menu including made-to-order square hamburgers using fresh beef***, and fan favorites like the Spicy Chicken Sandwich and nuggets, Baconator®, and the Frosty® dessert. Wendy's supports the Dave Thomas Foundation for Adoption, established by its founder, which seeks to dramatically increase the number of adoptions of children waiting in North America's foster care system. Learn more about Wendy's at www.wendys.com. For details on franchising, visit www.wendys.com/franchising. Connect with Wendy's on X, Instagram and Facebook.*Dave's Single hamburgers for a year to be awarded as in the form of cash value of one Dave's Single per week, for 52 weeks **4% of U.S. population are redheaded, sourced from data collected at World Population Review***Fresh beef available in the contiguous U.S. and Alaska, as well as Canada, Mexico, Puerto Rico, the UK, and other select international markets. View original content to download multimedia:https://www.prnewswire.com/news-releases/wendys-celebrates-its-redhead-roots-with-nyc-look-alike-contest-on-world-redhead-day-302776392.htmlSOURCE The Wendy's Company Original: Wendy's Celebrates Its Redhead Roots with NYC Look-alike Contest on World Redhead Day

This could be the next Gamestock or AMC squeeze.  We’re due another one like that. 

Wendy’s (WEN) Shares Jump Following Report of Possible Take-Private BidMay 12, 2026 10:39 AM
IH Market News Shares of Wendy’s (NASDAQ:WEN) surged as much as 12% in premarket trading on Tuesday after a report indicated that activist investor Nelson Peltz is exploring support for a potential bid to take the restaurant chain private.According to the Financial Times, Trian Fund Management has recently been in discussions with external investors, including groups in the Middle East, regarding financing for a possible acquisition of Wendy’s. Trian Reportedly Seeking Financing Support The report said Trian has not yet submitted a formal offer for Wendy’s, and there is no certainty that the ongoing financing talks will ultimately lead to a takeover proposal.Wendy’s did not immediately respond to requests for comment from the Financial Times, while Trian declined to comment on the report. Peltz and Trian Have Longstanding Ties to Wendy’s Trian Fund Management, the activist investment firm led by Nelson Peltz, has maintained a long-standing relationship with Wendy’s and has previously held a significant stake in the company.The report renewed speculation over the future ownership structure of the burger chain as investors reacted positively to the possibility of a buyout.Wendy’s stock price Original: Wendy’s (WEN) Shares Jump Following Report of Possible Take-Private Bid

Welp looks like a buyout is happening. Thanks Peltz.

Wendy’s (WEN) shares rise after quarterly earnings top expectationsMay 8, 2026 9:32 AM
IH Market News Wendy’s Co (NASDAQ:WEN) shares climbed 4.3% in premarket trading after the restaurant chain reported first-quarter earnings ahead of Wall Street forecasts, despite continued weakness in its domestic operations. Revenue and earnings beat analyst forecasts The fast-food company posted adjusted earnings per share of $0.12, exceeding analyst expectations of $0.10 per share.Quarterly revenue came in at $540.6 million, above the consensus estimate of $520.48 million and representing a 3.3% increase compared with the same period last year.Despite the stronger-than-expected financial results, global systemwide sales declined 5.5% to $3.2 billion during the quarter. The drop was largely linked to a 7.8% fall in same-restaurant sales across the United States.International markets provided some support, with global systemwide sales outside the U.S. increasing 6.0%. Company maintains full-year outlook Wendy’s reaffirmed its financial guidance for full-year 2026, forecasting adjusted earnings per share between $0.56 and $0.60. The midpoint of the range, $0.58 per share, matches current analyst expectations.The company also said it expects broadly flat global systemwide sales growth for the year and projected adjusted EBITDA between $460 million and $480 million.“We are taking decisive action to strengthen the Wendy’s system and improve performance,” said Ken Cook, Interim CEO. “While our first quarter results reflect a business in the early stages of a turnaround, we are making progress to improve our U.S. business and are confident in the direction we are heading.” Margins pressured by inflation and weaker traffic Margins at company-operated restaurants in the United States fell sharply during the quarter, with restaurant margin declining 340 basis points to 11.4%.The company said profitability was affected by softer customer traffic, rising commodity costs and continued labour inflation.Adjusted EBITDA declined 10.6% year-on-year to $111.3 million, compared with $124.5 million in the same quarter last year. Wendy’s expands focus on international growth Wendy’s also announced a new franchise agreement aimed at opening up to 1,000 restaurants across China over the next decade, highlighting the company’s focus on international expansion.During the quarter, Wendy’s opened 50 net new restaurants globally, although the U.S. business recorded 164 net closures.The company additionally declared a quarterly dividend of $0.14 per share, scheduled to be paid on June 15.Wendy’s stock price Original: Wendy’s (WEN) shares rise after quarterly earnings top expectations

THE WENDY'S COMPANY REPORTS FIRST QUARTER 2026 RESULTSMay 8, 2026 7:00 AM
PR Newswire (US) Global systemwide sales were $3.2 billion, a decrease of 5.5%International systemwide sales grew 6.0%Reported net income was $22.7 million and adjusted EBITDA was $111.3 millionReported diluted earnings per share and adjusted earnings per share were $0.12Entered into a franchise agreement to build up to 1,000 restaurants across ChinaReaffirms full-year 2026 outlookDUBLIN, Ohio, May 8, 2026 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) today reported unaudited results for the first quarter ended March 29, 2026. "We are taking decisive action to strengthen the Wendy's system and improve performance," said Ken Cook, Interim CEO. "During the first quarter, we introduced a new Biggie platform, upgraded our premium hamburgers, and launched new chicken sandwiches. Additionally, our focus on operational excellence is driving improvement in order accuracy and key customer satisfaction metrics. While our first quarter results reflect a business in the early stages of a turnaround, we are making progress to improve our U.S. business and are confident in the direction we are heading.""Our international business continues to deliver strong results, with systemwide sales up 6.0% in the quarter supported by further expansion in key growth markets. We're also excited to announce today a new franchise agreement with an experienced restaurant operator to build up to 1,000 restaurants across China over the next 10 years and look forward to bringing Wendy's to more fans around the globe.""These actions are strengthening our foundation and positioning Wendy's to regain momentum and deliver sustainable growth and long-term value creation."Operational Highlights2025
2026











First QuarterUS
Intl
Global
US
Intl
Global











Systemwide Sales Growth (1) (2)(2.6) %
8.9 %
(1.1) %
(7.3) %
6.0 %
(5.5) %Same-Restaurant Sales Growth (1) (2)(2.8) %
2.3 %
(2.1) %
(7.8) %
(0.4) %
(6.8) %Systemwide Sales (In US$ Millions) (2) (3)$2,916.1
$473.2
$3,389.3
$2,702.9
$518.0
$3,220.9Restaurant Openings - Total / Net28 / 25
46 / 43
74 / 68
23 / (164)
27 / 18
50 / (146)Quarter End Restaurant Count5,958
1,350
7,308
5,805
1,446
7,251(1) Systemwide sales growth and same-restaurant sales growth are calculated on a constant currency basis and include sales by both
Company-operated and franchise restaurants.(2) Excludes Argentina.(3) Systemwide sales include sales at both Company-operated and franchise restaurants. Financial HighlightsFirst Quarter






2025
2026
B / (W)





($ In Millions Except Per Share Amounts)(Unaudited)





Total Revenues$   523.5
$   540.6
3.3 %Adjusted Revenues (1)$   423.1
$   432.3
2.2 %U.S. Company-Operated Restaurant Margin14.8 %
11.4 %
(340)bpsGeneral and Administrative Expense$     68.2
$     72.8
(6.7) %Operating Profit$     83.1
$     64.9
(21.9) %Net Income$     39.2
$     22.7
(42.1) %Adjusted EBITDA (1)$   124.5
$   111.3
(10.6) %Reported Diluted Earnings Per Share$     0.19
$     0.12
(36.8) %Adjusted Earnings Per Share (1)$     0.20
$     0.12
(40.0) %Cash Flow from Operations$     85.4
$     59.4
(30.4) %Free Cash Flow (1)$     68.0
$     36.5
(46.3) %





(1) See "Disclosure Regarding Non-GAAP Financial Measures" and the reconciliation tables that accompany this release for a
discussion and reconciliation of the non-GAAP financial measures included in this release.First Quarter Financial HighlightsSystemwide Sales
Global systemwide sales decreased, driven largely by lower U.S. same-restaurant sales, partially offset by contributions from new restaurant openings.Total Revenues
The increase in total reported revenues resulted primarily from an increase in franchise fees related to the system optimization program, higher advertising funds revenue due to local advertising funds being reallocated to U.S. national advertising, and higher Company-operated restaurant sales reflecting the Company's acquisition of franchise-operated restaurants during the third quarter of 2025. These were partially offset by lower franchise royalty revenue.U.S. Company-Operated Restaurant Margin
The decrease in U.S. Company-operated restaurant margin was primarily due to a decline in traffic, commodity inflation, and labor rate inflation. These were partially offset by an increase in average check and labor efficiencies.General and Administrative Expense
The increase in general and administrative expense was primarily due to an increase in employee compensation and benefits and higher professional fees.Operating Profit
The decrease in operating profit was primarily due to a decrease in U.S. Company-operated restaurant margin, lower franchisee royalty revenue, an increase in general and administrative expense, and an increase in depreciation and amortization expense. These were partially offset by higher net franchisee fees.Net Income
The decrease in reported net income was primarily due to a decrease in operating profit and an increase in interest expense, partially offset by lower income taxes.Adjusted EBITDA
The decrease in adjusted EBITDA was primarily driven by a decrease in U.S. Company-operated restaurant margin, lower franchise royalty revenue, and an increase in general and administrative expense. These were partially offset by higher net franchise fees.Adjusted Earnings Per Share
The decrease in adjusted earnings per share was primarily driven by a decrease in adjusted EBITDA, an increase in depreciation, and an increase in interest expense.Free Cash Flow
The decrease in free cash flow was driven by a decrease in net cash provided by operating activities, partially offset by a decrease in capital expenditures and investments associated with the Company's franchise development fund.Company Declares Quarterly Dividend
The Company announced today the declaration of its regular quarterly cash dividend of $0.14 per share. The dividend is payable on June 15, 2026, to shareholders of record as of June 1, 2026.Share Repurchases
The Company did not repurchase any shares in the first quarter of 2026 and has not repurchased any shares in the second quarter of 2026 as of the date of this release. As of May 1, approximately $35.0 million remained available under the Company's existing share repurchase authorization that expires in February 2027.2026 OutlookDuring 2026 the Company Continues to Expect:Global systemwide sales growthApproximately Flat
Adjusted EBITDA$460 to $480 million
Adjusted earnings per share$0.56 to $0.60
Capital expenditures and franchise development fund investments$120 to $130 million
Free cash flow$190 to $205 million
Conference Call and Webcast Scheduled for 8:30 a.m. Today, May 8
The Company will host a conference call on Friday, May 8 at 8:30 a.m. ET, with a simultaneous webcast from the Company's Investor Relations website at www.irwendys.com. The related presentation materials are now available on the Company's Investor Relations website. The live conference call will be available by telephone at (844) 200-6205 for domestic callers and (929) 526-1599 for international callers, both using event ID 280384. A replay of the webcast will be available on the Company's Investor Relations website.About Wendy's
The Wendy's Company (Nasdaq: WEN) and Wendy's® franchisees employ hundreds of thousands of people across more than 7,000 restaurants worldwide. Founded in 1969, Wendy's is committed to the promise of Fresh Famous Food, Made Right, For You, delivered to customers through its craveable menu including made-to-order square hamburgers using fresh beef*, and fan favorites like the Spicy Chicken Sandwich and nuggets, Baconator®, and the Frosty® dessert. Wendy's supports the Dave Thomas Foundation for Adoption®, established by its founder, which seeks to dramatically increase the number of adoptions of children waiting in North America's foster care system. Learn more about Wendy's at www.wendys.com. For details on franchising, visit www.wendys.com/franchising. Connect with Wendy's on X, Instagram and Facebook.*Fresh beef available in the contiguous U.S. and Alaska, as well as Canada, Mexico, Puerto Rico, the UK, and other select international markets.Investor Contact:
Aaron Broholm
Head of Investor Relations
(614) 764-3345; aaron.broholm@wendys.comMedia Contact:
Heidi Schauer
Vice President – Communications, Public Affairs & Customer Care
(614) 764-3368; heidi.schauer@wendys.comForward-Looking Statements
This release contains certain statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). Generally, forward-looking statements include the words "may," "believes," "plans," "expects," "anticipates," "intends," "estimate," "goal," "upcoming," "outlook," "guidance" or the negation thereof, or similar expressions.  In addition, all statements that address future operating, financial or business performance, strategies or initiatives, future efficiencies or savings, anticipated costs or charges, future capitalization, anticipated impacts of recent or pending investments or transactions and statements expressing general views about future results or brand health are forward-looking statements within the meaning of the Reform Act. Forward-looking statements are based on the Company's expectations at the time such statements are made, speak only as of the dates they are made and are susceptible to a number of risks, uncertainties and other factors. For all such forward-looking statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Reform Act. The Company's actual results, performance and achievements may differ materially from any future results, performance or achievements expressed or implied by the Company's forward-looking statements.Many important factors could affect the Company's future results and cause those results to differ materially from those expressed in or implied by the Company's forward-looking statements.  Such factors include, but are not limited to, the following: (1) the impact of competition or poor customer experiences at Wendy's restaurants; (2) adverse economic conditions or volatility or disruptions, including in regions with a high concentration of Wendy's restaurants; (3) changes in discretionary consumer spending and consumer tastes and preferences; (4) conditions beyond the Company's control, such as adverse weather conditions, natural disasters, hostilities, social unrest, health epidemics or pandemics or other catastrophic events; (5) impacts to the Company's corporate reputation or the value and perception of the Company's brand; (6) the effectiveness of the Company's marketing and advertising programs and new product development; (7) the Company's ability to manage the impact of social or digital media; (8) the Company's ability to protect its intellectual property; (9) food safety events or health concerns involving the Company's products; (10) the Company's ability to successfully implement important strategic initiatives, including its Project Fresh plan, effectively managing or maintaining growth and market share across its dayparts or executing strategic transactions; (11) the Company's ability to grow its business through new restaurant development; (12) the Company's ability to effectively manage the acquisition and disposition of restaurants and other restaurant activity; (13) risks associated with leasing and owning significant amounts of real estate, including environmental matters; (14) risks associated with the Company's international operations, including the ability to execute its international growth strategy; (15) changes in commodity and other operating costs; (16) shortages or interruptions in the supply or distribution of the Company's products and other risks associated with the Company's independent supply chain purchasing co-op; (17) the impact of increased labor costs or labor shortages; (18) the continued succession and retention of key personnel and the effectiveness of the Company's leadership and organizational structure; (19) risks associated with the Company's digital commerce strategy, platforms and technologies, including its ability to adapt to changes in industry trends and consumer preferences; (20) the Company's and its franchisees' dependence on computer systems and information technology, including risks associated with the failure or interruption of its systems or technology or the occurrence of cybersecurity incidents or deficiencies; (21) risks associated with the Company's securitized financing facility and other debt agreements, including compliance with operational and financial covenants, restrictions on its ability to raise additional capital, the impact of its overall debt levels and the Company's ability to generate sufficient cash flow to meet its debt service obligations and operate its business; (22) risks associated with the Company's capital allocation policy, including the amount and timing of equity and debt repurchases and dividend payments; (23) risks associated with complaints and litigation, compliance with legal and regulatory requirements and a focus on corporate responsibility issues; (24) risks associated with the availability and cost of insurance, the recognition of impairment or other charges, changes in tax rates or tax laws and fluctuations in foreign currency exchange rates; (25) risks associated with the Company's predominantly franchised business model; (26) Trian Fund Management, L.P. and certain of its affiliates filed a Schedule 13D/A with the Securities and Exchange Commission on February 18, 2026 indicating, among other things, that they intend to explore and evaluate the possibility of participating, alone or with third parties, in certain potential transactions with respect to the Company to enhance stockholder value; there can be no assurance that (i) any such potential transactions will occur or result in additional value for the Company's stockholders or (ii) that the exploration of potential transactions will not have an adverse impact on the Company's business; and (27) other risks and uncertainties cited in the Company's releases, public statements and/or filings with the Securities and Exchange Commission, including those identified in the "Risk Factors" sections of the Company's Forms 10-K and 10-Q.All future written and oral forward-looking statements attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to above. New risks and uncertainties arise from time to time, and factors that the Company currently deems immaterial may become material, and it is impossible for the Company to predict these events or how they may affect the Company.The Company assumes no obligation to update any forward-looking statements after the date of this release as a result of new information, future events or developments, except as required by federal securities laws, although the Company may do so from time to time. The Company does not endorse any projections regarding future performance that may be made by third parties.Disclosure Regarding Non-GAAP Financial Measures
In addition to the financial measures presented in this release in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"), the Company has included certain non-GAAP financial measures in this release, including adjusted revenue, adjusted EBITDA, adjusted earnings per share, and free cash flow.The Company uses adjusted revenue, adjusted EBITDA and adjusted earnings per share as internal measures of business operating performance and as performance measures for benchmarking against the Company's peers and competitors. Adjusted EBITDA is also used by the Company in establishing performance goals for purposes of executive compensation. The Company believes its presentation of adjusted revenue, adjusted EBITDA and adjusted earnings per share provides a meaningful perspective of the underlying operating performance of our current business and enables investors to better understand and evaluate our historical and prospective operating performance. The Company believes these non-GAAP financial measures are important supplemental measures of operating performance because they eliminate items that vary from period to period without correlation to our core operating performance and highlight trends in our business that may not otherwise be apparent when relying solely on GAAP financial measures. Due to the nature and/or size of the items being excluded, such items do not reflect future gains, losses, expenses or benefits and are not indicative of our future operating performance. The Company believes investors, analysts and other interested parties use adjusted revenue, adjusted EBITDA, and adjusted earnings per share in evaluating issuers, and the presentation of these measures facilitates a comparative assessment of the Company's operating performance in addition to the Company's performance based on GAAP results.This release also includes disclosure regarding the Company's free cash flow. Free cash flow is a non-GAAP financial measure that is used by the Company as an internal measure of liquidity. The Company defines free cash flow as cash flows from operations minus (i) capital expenditures, (ii) expenditures related to the Company's franchise development fund and (iii) the net change in the restricted operating assets and liabilities of the advertising funds and any excess/deficit of advertising funds revenue over advertising funds expense included in net income, as reported under GAAP.  The impact of our advertising funds is excluded because the funds are used solely for advertising and are not available for the Company's working capital needs. The Company may also make additional adjustments for certain non-recurring or unusual items to the extent identified in the reconciliation tables that accompany this release. The Company believes free cash flow is an important liquidity measure for investors and other interested persons because it communicates how much cash flow is available for working capital needs or to be used for repurchasing shares, paying dividends, repaying or refinancing debt, financing possible acquisitions or investments or other uses of cash.Adjusted revenue, adjusted EBITDA, adjusted earnings per share, and free cash flow are not recognized terms under GAAP, and the Company's presentation of these non-GAAP financial measures does not replace the presentation of the Company's financial results in accordance with GAAP. Because all companies do not calculate adjusted revenue, adjusted EBITDA, adjusted earnings per share, and free cash flow (and similarly titled financial measures) in the same way, those measures as used by other companies may not be consistent with the way the Company calculates such measures. The non-GAAP financial measures included in this release should not be construed as substitutes for or better indicators of the Company's performance than the most directly comparable GAAP financial measures.  See the reconciliation tables that accompany this release for additional information regarding certain of the non-GAAP financial measures included herein.In addition, this release includes forward-looking projections for certain non-GAAP financial measures, including adjusted EBITDA, adjusted earnings per share and free cash flow. The Company excludes certain expenses and benefits from adjusted EBITDA, adjusted earnings per share and free cash flow, such as the impact from our advertising funds, including the net change in the restricted operating assets and liabilities and any excess or deficit of advertising fund revenues over advertising fund expenses, impairment of long-lived assets, reorganization and realignment costs, system optimization gains, net, amortization of cloud computing arrangements, gain on early extinguishment of debt, net, and the timing and resolution of certain tax matters. Due to the uncertainty and variability of the nature and amount of those expenses and benefits, the Company is unable without unreasonable effort to provide projections of net income, earnings per share or net cash provided by operating activities, or a reconciliation of those projected measures.Key Business Measures
The Company tracks its results of operations and manages its business using certain key business measures, including same-restaurant sales, systemwide sales and Company-operated restaurant margin, which are measures commonly used in the quick-service restaurant industry that are important to understanding Company performance.Same-restaurant sales and systemwide sales each include sales by both Company-operated and franchise restaurants. The Company reports same-restaurant sales for new restaurants after they have been open for 15 continuous months and for reimaged restaurants as soon as they reopen. Restaurants temporarily closed for more than one fiscal week are excluded from same-restaurant sales.Franchise restaurant sales are reported by our franchisees and represent their revenues from sales at franchised Wendy's restaurants. Sales by franchise restaurants are not recorded as Company revenues and are not included in the Company's consolidated financial statements. However, the Company's royalty revenues are computed as percentages of sales made by Wendy's franchisees and, as a result, sales by franchisees have a direct effect on the Company's royalty revenues and profitability.Same-restaurant sales and systemwide sales exclude sales from Argentina due to the highly inflationary economy of that country.The Company calculates same-restaurant sales and systemwide sales growth on a constant currency basis. Constant currency results exclude the impact of foreign currency translation and are derived by translating current year results at prior year average exchange rates. The Company believes excluding the impact of foreign currency translation provides better year over year comparability.U.S. Company-operated restaurant margin is defined as sales from U.S. Company-operated restaurants less cost of sales divided by sales from U.S. Company-operated restaurants. Cost of sales includes food and paper, restaurant labor and occupancy, advertising and other operating costs. Cost of sales excludes certain costs that support restaurant operations that are not allocated to individual restaurants, which are included in "General and administrative." Cost of sales also excludes depreciation and amortization expense and impairment of long-lived assets. Therefore, as restaurant margin as presented excludes certain costs as described above, its usefulness may be limited and may not be comparable to other similarly titled measures of other companies in our industry. The Wendy's Company and SubsidiariesCondensed Consolidated Statements of OperationsThree Month Periods Ended March 30, 2025 and March 29, 2026(In Thousands Except Per Share Amounts)(Unaudited)

Three Months Ended
2025
2026Revenues:


Sales$        219,510
$        225,497Franchise royalty revenue121,675
116,190Franchise fees23,473
31,705Franchise rental income58,454
58,904Advertising funds revenue100,360
108,341
523,472
540,637Costs and expenses:


Cost of sales188,169
201,049Franchise support and other costs16,596
21,991Franchise rental expense30,701
30,176Advertising funds expense101,528
108,615General and administrative68,204
72,843Depreciation and amortization (exclusive of amortization of cloud computing
  arrangements shown separately below)36,549
40,575Amortization of cloud computing arrangements4,167
4,762System optimization losses (gains), net90
(1,625)Reorganization and realignment costs(692)
(162)Impairment of long-lived assets1,421
2,572Other operating income, net(6,387)
(5,080)
440,346
475,716Operating profit83,126
64,921Interest expense, net(31,477)
(34,106)Investment loss, net(1,718)
—Other income, net4,986
3,350Income before income taxes54,917
34,165Provision for income taxes(15,685)
(11,453)Net income$         39,232
$         22,712



Net income per share:


Basic$              .20
$              .12Diluted.19
.12



Number of shares used to calculate basic income per share200,643
190,293



Number of shares used to calculate diluted income per share201,617
190,900 The Wendy's Company and SubsidiariesCondensed Consolidated Balance SheetsAs of December 28, 2025 and March 29, 2026(In Thousands Except Par Value)(Unaudited)

December 28,
2025
March 29,
2026ASSETS


Current assets:


Cash and cash equivalents$        300,833
$        298,740Restricted cash39,207
39,295Accounts and notes receivable, net117,333
125,055Inventories7,387
6,604Prepaid expenses and other current assets55,412
73,419Advertising funds restricted assets97,867
109,149Total current assets618,039
652,262Properties937,795
908,478Finance lease assets312,844
325,538Operating lease assets642,589
611,376Goodwill774,088
773,710Other intangible assets1,170,671
1,158,395Investments25,227
24,499Net investment in sales-type and direct financing leases284,891
279,671Other assets190,417
190,693Total assets$      4,956,561
$      4,924,622



LIABILITIES AND STOCKHOLDERS' EQUITY


Current liabilities:


Current portion of long-term debt$         29,750
$         29,750Current portion of finance lease liabilities26,673
27,334Current portion of operating lease liabilities51,119
52,318Accounts payable30,450
23,596Accrued expenses and other current liabilities116,655
114,812Advertising funds restricted liabilities96,454
108,348Total current liabilities351,101
356,158Long-term debt2,730,502
2,724,896Long-term finance lease liabilities646,715
655,082Long-term operating lease liabilities660,257
627,213Deferred income taxes287,753
288,492Deferred franchise fees87,956
84,426Other liabilities74,894
72,804Total liabilities4,839,178
4,809,071Commitments and contingencies


Stockholders' equity:


Common stock, $0.10 par value; 1,500,000 shares authorized;     470,424 shares issued; 190,324 and 190,450 shares outstanding, respectively47,042
47,042Additional paid-in capital2,986,150
2,989,355Retained earnings435,124
431,173Common stock held in treasury, at cost; 280,100 and 279,974 shares, respectively(3,286,965)
(3,285,255)Accumulated other comprehensive loss(63,968)
(66,764)Total stockholders' equity117,383
115,551Total liabilities and stockholders' equity$      4,956,561
$      4,924,622 The Wendy's Company and SubsidiariesCondensed Consolidated Statements of Cash FlowsThree Month Periods Ended March 30, 2025 and March 29, 2026(In Thousands)(Unaudited)

Three Months Ended
2025
2026Cash flows from operating activities:


Net income$         39,232
$         22,712Adjustments to reconcile net income to net cash provided by operating activities:


Depreciation and amortization (exclusive of amortization ofcloud computing arrangements shown separately below)36,549
40,575Amortization of cloud computing arrangements4,167
4,762Share-based compensation5,572
5,246Impairment of long-lived assets1,421
2,572Deferred income tax306
956Non-cash rental expense, net10,350
10,925Change in operating lease liabilities(12,131)
(12,584)Net receipt (recognition) of deferred vendor incentives11,178
(2,535)System optimization losses (gains), net90
(1,625)Distributions received from joint ventures, net of equity in earnings717
341Long-term debt-related activities, net1,873
1,832Cloud computing arrangements expenditures(2,417)
(4,157)Changes in operating assets and liabilities and other, net(11,492)
(9,631)Net cash provided by operating activities85,415
59,389Cash flows from investing activities:


Capital expenditures(17,679)
(11,881)Franchise development fund(5,813)
(4,580)Dispositions55
2,796Notes receivable, net1,949
—Net cash used in investing activities(21,488)
(13,665)Cash flows from financing activities:


Proceeds from long-term debt15,000
15,100Repayments of long-term debt(15,813)
(22,538)Repayments of finance lease liabilities(5,238)
(5,970)Repurchases of common stock(122,784)
—Dividends(49,432)
(26,648)Proceeds from stock option exercises273
—Payments related to tax withholding for share-based compensation(1,326)
(423)Net cash used in financing activities(179,320)
(40,479)Net cash (used in) provided by operations before effect of exchange rate changes on cash(115,393)
5,245Effect of exchange rate changes on cash744
(886)Net (decrease) increase in cash, cash equivalents and restricted cash(114,649)
4,359Cash, cash equivalents and restricted cash at beginning of period503,608
357,672Cash, cash equivalents and restricted cash at end of period$        388,959
$        362,031 The Wendy's Company and SubsidiariesReconciliations of Net Income to Adjusted EBITDA and Revenues to Adjusted RevenuesThree Month Periods Ended March 30, 2025 and March 29, 2026(In Thousands)(Unaudited)

Three Months Ended
2025
2026



Net income$         39,232
$         22,712Provision for income taxes15,685
11,453Income before income taxes54,917
34,165Other income, net(4,986)
(3,350)Investment loss, net1,718
—Interest expense, net31,477
34,106Operating profit83,126
64,921Plus (less):


Advertising funds revenue(100,360)
(108,341)Advertising funds expense (a)100,216
108,612Depreciation and amortization (exclusive of amortization of cloud computing
  arrangements shown separately below)36,549
40,575Amortization of cloud computing arrangements4,167
4,762System optimization losses (gains), net90
(1,625)Reorganization and realignment costs(692)
(162)Impairment of long-lived assets1,421
2,572Adjusted EBITDA$        124,517
$        111,314



Revenues$        523,472
$        540,637Less:


Advertising funds revenue(100,360)
(108,341)Adjusted revenues$        423,112
$        432,296(a)Excludes advertising funds expense of $159 for the three months ended March 30, 2025 related to the Company's funding of incremental advertising. There was no funding of incremental advertising during the three months ended March 29, 2026.  In addition, excludes other international-related advertising deficit of $1,153 and $3 for the three months ended March 30, 2025 and March 29, 2026, respectively. The Wendy's Company and SubsidiariesReconciliation of Net Income and Diluted Earnings Per Share toAdjusted Income and Adjusted Earnings Per ShareThree Month Periods Ended March 30, 2025 and March 29, 2026(In Thousands Except Per Share Amounts)(Unaudited)

Three Months Ended
2025
2026



Net income$         39,232
$         22,712Plus (less):


Advertising funds revenue(100,360)
(108,341)Advertising funds expense (a)100,216
108,612System optimization losses (gains), net90
(1,625)Reorganization and realignment costs(692)
(162)Impairment of long-lived assets1,421
2,572Total adjustments675
1,056Income tax impact on adjustments (b)(209)
(192)Total adjustments, net of income taxes466
864Adjusted income$         39,698
$         23,576



Diluted earnings per share$              .19
$              .12Total adjustments per share, net of income taxes.01
—Adjusted earnings per share$              .20
$              .12(a)Excludes advertising funds expense of $159 for the three months ended March 30, 2025 related to the Company's funding of incremental advertising. There was no funding of incremental advertising during the three months ended March 29, 2026. In addition, excludes other international-related advertising deficit of $1,153 and $3 for the three months ended March 30, 2025 and March 29, 2026, respectively.

(b)Adjustments relate to the tax effect of non-GAAP adjustments, which were determined based on the nature of the underlying non-GAAP adjustments and their relevant jurisdictional tax rates. The Wendy's Company and SubsidiariesReconciliation of Net Cash Provided by Operating Activities to Free Cash FlowThree Month Periods Ended March 30, 2025 and March 29, 2026(In Thousands)(Unaudited)

Three Months Ended
2025
2026Net cash provided by operating activities$         85,415
$         59,389Plus (less):


Capital expenditures(17,679)
(11,881)Franchise development fund(5,813)
(4,580)Advertising funds impact (a)6,093
(6,399)Free cash flow$         68,016
$         36,529(a)Represents the net change in the restricted operating assets and liabilities of our advertising funds, which is included in "Changes in operating assets and liabilities and other, net," and the excess of advertising funds expense over advertising funds revenue, which is included in "Net income."   View original content to download multimedia:https://www.prnewswire.com/news-releases/the-wendys-company-reports-first-quarter-2026-results-302766438.htmlSOURCE The Wendy’s Company Original: THE WENDY'S COMPANY REPORTS FIRST QUARTER 2026 RESULTS

Wendy's Invites Fans to Round Up for Adoption in Celebration of National Foster Care MonthMay 5, 2026 1:55 PM
PR Newswire (US) Proceeds benefit the Dave Thomas Foundation for Adoption DUBLIN, Ohio, May 5, 2026 /PRNewswire/ --  WHAT: Did you know May is National Foster Care Month? This month recognizes the 365,000+ children and youth in foster care while raising awareness about foster care and celebrating the members of our community who help find permanent homes for children in foster care. To celebrate, Wendy's® is partnering with Round It Up America® to deliver an easy way to make a difference. The Round Up for Adoption program invites Wendy's guests to round up their order* to the nearest dollar at checkout – a quick, easy donation that helps find forever families for children in foster care.Proceeds from the Round Up program will benefit Wendy's signature cause, the Dave Thomas Foundation for Adoption® and its commitment to find safe, loving and permanent homes for children waiting in foster care.WHERE & WHEN: Wendy's guests can round up their orders at the register at participating U.S. Wendy's locations. Fans can use the Wendy's store locator and visit their local restaurant to ask if they're currently offering the Round Up for Adoption program.HOW: Simply head to a participating Wendy's restaurant, place an order at the counter and the crew member will ask about rounding up to the nearest dollar. One small act of kindness makes a biggie difference.WHY: The Round Up for Adoption program creates a meaningful way for the Wendy's community – guests, crew members and franchisees – to support finding forever families for children in foster care during National Foster Care Month.To date, the Dave Thomas Foundation for Adoption has helped find forever families for more than 16,000 children across the U.S. To learn more about the Round Up for Adoption campaign and how Wendy's is working to make more family moments possible, visit the Dave Thomas Foundation for Adoption website.*93% percent of each round up donation customers add to their check is donated to the Dave Thomas Foundation for AdoptionABOUT WENDY'S:
The Wendy's Company (Nasdaq: WEN) and Wendy's franchisees employ hundreds of thousands of people across more than 7,000 restaurants worldwide. Founded in 1969, Wendy's is committed to the promise of Fresh Famous Food, Made Right, For You, delivered to customers through its craveable menu including made-to-order square hamburgers using fresh beef**, and fan favorites like the Spicy Chicken Sandwich and nuggets, Baconator®, and the Frosty® dessert. Wendy's supports the Dave Thomas Foundation for Adoption, established by its founder, which seeks to dramatically increase the number of adoptions of children waiting in North America's foster care system. Learn more about Wendy's at www.wendys.com. For details on franchising, visit www.wendys.com/franchising. Connect with Wendy's on X, Instagram and Facebook.**Fresh beef available in the contiguous U.S. and Alaska, as well as Canada, Mexico, Puerto Rico, the UK, and other select international markets. View original content to download multimedia:https://www.prnewswire.com/news-releases/wendys-invites-fans-to-round-up-for-adoption-in-celebration-of-national-foster-care-month-302763069.htmlSOURCE The Wendy's Company Original: Wendy's Invites Fans to Round Up for Adoption in Celebration of National Foster Care Month

6 bucks WEN back down to the same stock price when I worked there in my college days. What's going on with WEN? At least they are bringing back some old favorite menu items. I remember walking on the roof with the ladder when the manager took the money to the bank. Fun times.

WEN food way better than MCD

The Wendy's Company to Report First Quarter 2026 Results on May 8April 9, 2026 4:30 PM
PR Newswire (US)

DUBLIN, Ohio, April 9, 2026 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) will release its first quarter 2026 results before the market opens on Friday, May 8. The Company will host a conference call that same day at 8:30 a.m. ET, with a simultaneous webcast accessible from the Company's Investor Relations website at www.irwendys.com. The related presentation materials will also be available on the Company's Investor Relations website. The live conference call will be available by telephone at (844) 200-6205 for domestic callers and (929) 526-1599 for international callers, both using event ID 280384. A replay of the webcast will be available on the Company's Investor Relations website.







About Wendy's
The Wendy's Company (Nasdaq: WEN) and Wendy's® franchisees employ hundreds of thousands of people across more than 7,000 restaurants worldwide. Founded in 1969, Wendy's is committed to the promise of Fresh Famous Food, Made Right, For You, delivered to customers through its craveable menu including made-to-order square hamburgers using fresh beef*, and fan favorites like the Spicy Chicken Sandwich and nuggets, Baconator®, and the Frosty® dessert. Wendy's supports the Dave Thomas Foundation for Adoption®, established by its founder, which seeks to dramatically increase the number of adoptions of children waiting in North America's foster care system. Learn more about Wendy's at www.wendys.com. For details on franchising, visit www.wendys.com/franchising. Connect with Wendy's on X, Instagram and Facebook.*Fresh beef available in the contiguous U.S. and Alaska, as well as Canada, Mexico, Puerto Rico, the UK, and other select international markets.Investor Contact:
Aaron Broholm
Head of Investor Relations
(614) 764-3345; Aaron.Broholm@Wendys.com



View original content to download multimedia:https://www.prnewswire.com/news-releases/the-wendys-company-to-report-first-quarter-2026-results-on-may-8-302726631.htmlSOURCE The Wendy’s Company

Original: The Wendy's Company to Report First Quarter 2026 Results on May 8

/C O R R E C T I O N -- The Wendy's Company/April 7, 2026 4:32 PM
PR Newswire (US)

In the news release, Wendy's is Giving Away Free Fries and Frosty on Tuesday, April 7 Thanks to One Iconic Slam Dunk, issued 06-Apr-2026 by The Wendy's Company over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:
Wendy's is Giving Away Free Fries and Frosty on Tuesday, April 7 Thanks to One Iconic Slam Dunk
For one day only, fans can experience Wendy's most iconic dunk for free – yes, we're talking Fries and FrostyDUBLIN, Ohio, April 6, 2026 /PRNewswire/ --







WHAT: The first dunk was made during the NCAA® Division I Men's Basketball National Championship Game, which means Wendy's is unlocking a nationwide offer: Free Dunks for America.On Tuesday, April 7, fans across the U.S. can request one free Small Hot & Crispy Fry paired with a Small Chocolate or Vanilla Frosty® Classic at participating Wendy's restaurants*. March Madness® has delivered thrilling college basketball action and unforgettable upsets – but nothing can rival the most epic dunks fans will create with their free Fries and Frosty.WHERE & WHEN: The Free Small Fry and Frosty offer is available in-restaurant and drive-thru only on Tuesday, April 7 at U.S. Wendy's locations.HOW: Fans can visit their nearest Wendy's on April 7 to request one free Small Hot & Crispy Fry paired with a Small Chocolate or Vanilla Frosty Classic, no purchase necessary.WHY: As the Official Dunks partner of NCAA March Madness, Wendy's has celebrated the most memorable plays both on and off the court through the Wendy's Dunks Menu, where every Dunks Menu purchase via the Wendy's app earned fans a shot at winning prizes through the Wendy's Dunkstakes, including custom dunk-inspired sneakers, multiple $1,000 cash prizes, and a grand cash prize of $100,000.**Wendy's also built an elite roster of NIL partnerships with Wendy's Dunk Team, featuring Women's and Men's college basketball stars like Yaxel Lendeborg, Keaton Wagler, Breya Cunningham and Sarah Graves.ABOUT WENDY'S
The Wendy's Company (Nasdaq: WEN) and Wendy's® franchisees employ hundreds of thousands of people across more than 7,000 restaurants worldwide. Founded in 1969, Wendy's is committed to the promise of Fresh Famous Food, Made Right, For You, delivered to customers through its craveable menu including made-to-order square hamburgers using fresh beef***, and fan favorites like the Spicy Chicken Sandwich and nuggets, Baconator®, and the Frosty® dessert. Wendy's supports the Dave Thomas Foundation for Adoption®, established by its founder, which seeks to dramatically increase the number of adoptions of children waiting in North America's foster care system. Learn more about Wendy's at www.wendys.com. For details on franchising, visit www.wendys.com/franchising. Connect with Wendy's on X, Instagram and Facebook.ABOUT THE NCAA
The National Collegiate Athletic Association provides a world-class athletics and academic experience that fosters lifelong well-being for more than 520,000 student-athletes annually. The NCAA stages 92 championships across three divisions, and its 1,100 member schools provide nearly $4 billion in athletics scholarships every year. Visit ncaa.org and ncaa.com for more.*Offer only available in-restaurant and drive-thru upon request at participating U.S. Wendy's on April 7, 2026.  No purchase necessary. Limit one (1) free Small Fry and Small Frosty Classic per person. A la carte only.  While supplies last. Not valid for digital or delivery orders or with any other discount or offer. No substitutions.**NO PURCHASE NECESSARY. A purchase or payment of any kind will not increase your chances of winning. Open to legal residents of the 50 U.S./D.C. who are 18 years of age or older as of the date of entry. Void where prohibited or restricted by law. Wendy's Dunkstakes begins at 9:00 a.m. ET on March 16, 2026 & ends at 11:59 p.m. ET on April 6, 2026. App/Website entry is open only to Wendy's Rewards members. See Official Rules, including odds, alternate method of entering the sweepstakes, and prize descriptions. Sponsored by The Wendy's National Advertising Program, Inc.***Fresh beef available in the contiguous U.S. and Alaska, as well as Canada, Mexico, Puerto Rico, the UK, and other select international markets.Correction: An earlier version of this release was updated to reflect the addition of availability per drive-thru. 










View original content to download multimedia:https://www.prnewswire.com/news-releases/wendys-is-giving-away-free-fries-and-frosty-on-tuesday-april-7-thanks-to-one-iconic-slam-dunk-302735220.htmlSOURCE The Wendy's Company

Original: /C O R R E C T I O N -- The Wendy's Company/

Wendy's is Giving Away Free Fries and Frosty on Tuesday, April 7 Thanks to One Iconic Slam DunkApril 6, 2026 11:04 PM
PR Newswire (US)

For one day only, fans can experience Wendy's most iconic dunk for free – yes, we're talking Fries and FrostyDUBLIN, Ohio, April 6, 2026 /PRNewswire/ --







WHAT: The first dunk was made during the NCAA® Division I Men's Basketball National Championship Game, which means Wendy's is unlocking a nationwide offer: Free Dunks for America.On Tuesday, April 7, fans across the U.S. can request one free Small Hot & Crispy Fry paired with a Small Chocolate or Vanilla Frosty® Classic at participating Wendy's restaurants*. March Madness® has delivered thrilling college basketball action and unforgettable upsets – but nothing can rival the most epic dunks fans will create with their free Fries and Frosty.WHERE & WHEN: The Free Small Fry and Frosty offer is available in-restaurant only on Tuesday, April 7 at U.S. Wendy's locations.HOW: Fans can visit their nearest Wendy's on April 7 to request one free Small Hot & Crispy Fry paired with a Small Chocolate or Vanilla Frosty Classic, no purchase necessary.WHY: As the Official Dunks partner of NCAA March Madness, Wendy's has celebrated the most memorable plays both on and off the court through the Wendy's Dunks Menu, where every Dunks Menu purchase via the Wendy's app earned fans a shot at winning prizes through the Wendy's Dunkstakes, including custom dunk-inspired sneakers, multiple $1,000 cash prizes, and a grand cash prize of $100,000.**Wendy's also built an elite roster of NIL partnerships with Wendy's Dunk Team, featuring Women's and Men's college basketball stars like Yaxel Lendeborg, Keaton Wagler, Breya Cunningham and Sarah Graves.ABOUT WENDY'S
The Wendy's Company (Nasdaq: WEN) and Wendy's® franchisees employ hundreds of thousands of people across more than 7,000 restaurants worldwide. Founded in 1969, Wendy's is committed to the promise of Fresh Famous Food, Made Right, For You, delivered to customers through its craveable menu including made-to-order square hamburgers using fresh beef***, and fan favorites like the Spicy Chicken Sandwich and nuggets, Baconator®, and the Frosty® dessert. Wendy's supports the Dave Thomas Foundation for Adoption®, established by its founder, which seeks to dramatically increase the number of adoptions of children waiting in North America's foster care system. Learn more about Wendy's at www.wendys.com. For details on franchising, visit www.wendys.com/franchising. Connect with Wendy's on X, Instagram and Facebook.ABOUT THE NCAA
The National Collegiate Athletic Association provides a world-class athletics and academic experience that fosters lifelong well-being for more than 520,000 student-athletes annually. The NCAA stages 92 championships across three divisions, and its 1,100 member schools provide nearly $4 billion in athletics scholarships every year. Visit ncaa.org and ncaa.com for more.*Offer only available in-restaurant upon request at participating U.S. Wendy's on April 7, 2026.  No purchase necessary. Limit one (1) free Small Fry and Small Frosty Classic per person. A la carte only.  While supplies last. Not valid for digital or delivery orders or with any other discount or offer. No substitutions.**NO PURCHASE NECESSARY. A purchase or payment of any kind will not increase your chances of winning. Open to legal residents of the 50 U.S./D.C. who are 18 years of age or older as of the date of entry. Void where prohibited or restricted by law. Wendy's Dunkstakes begins at 9:00 a.m. ET on March 16, 2026 & ends at 11:59 p.m. ET on April 6, 2026. App/Website entry is open only to Wendy's Rewards members. See Official Rules, including odds, alternate method of entering the sweepstakes, and prize descriptions. Sponsored by The Wendy's National Advertising Program, Inc.***Fresh beef available in the contiguous U.S. and Alaska, as well as Canada, Mexico, Puerto Rico, the UK, and other select international markets.










View original content to download multimedia:https://www.prnewswire.com/news-releases/wendys-is-giving-away-free-fries-and-frosty-on-tuesday-april-7-thanks-to-one-iconic-slam-dunk-302735220.htmlSOURCE The Wendy's Company

Original: Wendy's is Giving Away Free Fries and Frosty on Tuesday, April 7 Thanks to One Iconic Slam Dunk

WEN $$$

The rise and fall of Wendy's

Wendy's Invites Fans to Apply to Be First-Ever Chief Tasting Officer by March 30March 11, 2026 12:18 PM
PR Newswire (US)

Overwhelming response: Thousands of hungry fans are already submitting – don't miss your chance to win a grand prize of $100,000 Fresh Facts: Thousands of passionate fans have already submitted applications to hold the honorary title of Wendy's Chief Tasting Officer.Apply by submitting videos online or via social media by March 30, 2026 at 11:59 p.m. ET.One lucky fan will win $100,000 to taste Wendy's food, create content and represent the brand.DUBLIN, Ohio, March 11, 2026 /PRNewswire/ -- The search is on! Wendy's call for its first-ever Chief Tasting Officer has already sparked an overwhelming response, with thousands of fans eagerly submitting applications for the chance to win $100,000 and become the ultimate Wendy's ambassador.



Wendy's is looking for someone who can bring the vibes, creativity and taste buds to the table in ways no one else can. To stand out as the perfect Chief Tasting Officer candidate, fans can submit a 1-minute video that showcases their Wendy's passion, personality and palate. The deadline is March 30 at 11:59 p.m. ET – don't wait."The response has been incredible and exactly what we hoped for – high energy, high creativity and a lot of genuine enthusiasm," said Lindsay Radkoski, U.S. Chief Marketing Officer, The Wendy's Company. "We're inviting fans to bring their genuine love for Wendy's into the spotlight. This isn't a corporate role – it's a cultural one, designed to celebrate real opinions, real taste and real brand love."More details on the process are below:How to Apply: Through March 30 at 11:59 PM ET: Users can submit videos by posting directly to TikTok or Instagram using the hashtag #WendysCTOContest and tagging @Wendys as part of the caption, or submit privately via https://www.wendyschieftastingofficer.com to enter for a chance to win.Interview Process: Wendy's will review all applications and interview the top 10 candidates based on criteria like creativity, brand love, personality and potential.Selection: Wendy's will select its first-ever Chief Tasting Officer to represent the brand through engaging social content, highlighting their unique personality and passion.Through this honorary role, one passionate voice will help us stay true to what makes Wendy's famous: listening to our fans, staying curious about what comes next and never settling for anything less than legendary. Are you ready for a chance to be Wendy's Chief Tasting Officer?ABOUT WENDY'S
The Wendy's Company (Nasdaq: WEN) and Wendy's® franchisees employ hundreds of thousands of people across more than 7,000 restaurants worldwide. Founded in 1969, Wendy's is committed to the promise of Fresh Famous Food, Made Right, For You, delivered to customers through its craveable menu including made-to-order square hamburgers using fresh beef**, and fan favorites like the Spicy Chicken Sandwich and nuggets, Baconator®, and the Frosty® dessert. Wendy's supports the Dave Thomas Foundation for Adoption®, established by its founder, which seeks to dramatically increase the number of adoptions of children waiting in North America's foster care system. Learn more about Wendy's at www.wendys.com. For details on franchising, visit www.wendys.com/franchising. Connect with Wendy's on X, Instagram and Facebook.*No purchase necessary. 50 US/DC, 18+, excluding Wendy's employees. Ends 3/30. Void where prohibited.  Additional terms apply.  For Official Rules and details of honorary CTO job description, visit Rules: www.wendyschieftastingofficer.com. To qualify tag@Wendys and #WendysCTOContest.**Fresh beef available in the contiguous U.S. and Alaska, as well as Canada, Mexico, Puerto Rico, the UK, and other select international markets.














View original content to download multimedia:https://www.prnewswire.com/news-releases/wendys-invites-fans-to-apply-to-be-first-ever-chief-tasting-officer-by-march-30-302711256.htmlSOURCE The Wendy's Company

Original: Wendy's Invites Fans to Apply to Be First-Ever Chief Tasting Officer by March 30

Wendy's Invites Fans to Apply to Be First-Ever Chief Tasting Officer by March 30

March 11 2026 - 12:18PM

PR Newswire (US)

Overwhelming response: Thousands of hungry fans are already submitting – don't miss your chance to win a grand prize of $100,000

Fresh Facts:

Thousands of passionate fans have already submitted applications to hold the honorary title of Wendy's Chief Tasting Officer.

Apply by submitting videos online or via social media by March 30, 2026 at 11:59 p.m. ET.

One lucky fan will win $100,000 to taste Wendy's food, create content and represent the brand.

DUBLIN, Ohio, March 11, 2026 /PRNewswire/ -- The search is on! Wendy's call for its first-ever Chief Tasting Officer has already sparked an overwhelming response, with thousands of fans eagerly submitting applications for the chance to win $100,000 and become the ultimate Wendy's ambassador.


Wendy's is looking for someone who can bring the vibes, creativity and taste buds to the table in ways no one else can. To stand out as the perfect Chief Tasting Officer candidate, fans can submit a 1-minute video that showcases their Wendy's passion, personality and palate. The deadline is March 30 at 11:59 p.m. ET – don't wait.

"The response has been incredible and exactly what we hoped for – high energy, high creativity and a lot of genuine enthusiasm," said Lindsay Radkoski, U.S. Chief Marketing Officer, The Wendy's Company. "We're inviting fans to bring their genuine love for Wendy's into the spotlight. This isn't a corporate role – it's a cultural one, designed to celebrate real opinions, real taste and real brand love."

More details on the process are below:

How to Apply: Through March 30 at 11:59 PM ET: Users can submit videos by posting directly to TikTok or Instagram using the hashtag #WendysCTOContest and tagging @Wendys as part of the caption, or submit privately via https://www.wendyschieftastingofficer.com to enter for a chance to win.

Interview Process: Wendy's will review all applications and interview the top 10 candidates based on criteria like creativity, brand love, personality and potential.

Selection: Wendy's will select its first-ever Chief Tasting Officer to represent the brand through engaging social content, highlighting their unique personality and passion.

Through this honorary role, one passionate voice will help us stay true to what makes Wendy's famous: listening to our fans, staying curious about what comes next and never settling for anything less than legendary. Are you ready for a chance to be Wendy's Chief Tasting Officer?

ABOUT WENDY'S
The Wendy's Company (Nasdaq: WEN) and Wendy's® franchisees employ hundreds of thousands of people across more than 7,000 restaurants worldwide. Founded in 1969, Wendy's is committed to the promise of Fresh Famous Food, Made Right, For You, delivered to customers through its craveable menu including made-to-order square hamburgers using fresh beef**, and fan favorites like the Spicy Chicken Sandwich and nuggets, Baconator®, and the Frosty® dessert. Wendy's supports the Dave Thomas Foundation for Adoption®, established by its founder, which seeks to dramatically increase the number of adoptions of children waiting in North America's foster care system. Learn more about Wendy's at www.wendys.com. For details on franchising, visit www.wendys.com/franchising. Connect with Wendy's on X, Instagram and Facebook.

Daylight Saving Time Stole Your Hour--Wendy's Has the Comfort Food CureMarch 6, 2026 8:00 AM
PR Newswire (US)

Daylight Saving? More Like Daylight Cravings with Wendy's DUBLIN, Ohio, March 6, 2026 /PRNewswire/ -- Daylight Saving Time hits different, and not in a good way. It messes with your vibes, your sleep quality and your body's natural hunger signals. Fans lose an hour of sleep and the energy to decide what to eat. With the time change, Wendy's® is declaring it's time for a change. Introducing Wendy's Daylight Saving Time Survival Guide with made to order food for all your Daylight Cravings.







From energizing breakfast options to mid-day pick-me-ups, to warm and substantial dinners and yummy desserts, Wendy's menu provides the consistency and comfort when fans need it most.Wendy's Daylight Saving Time Survival Guide:Missing that extra hour of sleep? A delicious Honey Buddy* or Maple Bacon Chicken Croissant* might be the very thing to get you out of bed*.More caffeine please. Wendy's Cherry Limeade Sparkling Energy* or Pineapple Citrus Sparkling Energy* are packed with B-12 vitamins and 80-120 mg of caffeine.Mid-day slump hitting hard? A Chicken Tenders Ranch Wrap** or a Jr. Bacon Cheeseburger Biggie Bag® can help fans power through the afternoon grind.Made it to dinner. Wendy's new Cheesy Bacon Cheeseburger**, Chili or 4 pc. Tendys deliver the warm, substantial comfort that's needed amidst the tiredness.Treat yourself for making it through. Close out this sleepy, confusing day with a sweet finish: Wendy's Thin Mints® Frosty Fusion®**.Because when you've lost an hour and your body's running on empty, the right meal isn't just food– it's the fuel.*Available at participating Wendy's U.S. locations**Limited time only at participating U.S. Wendy's










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Original: Daylight Saving Time Stole Your Hour--Wendy's Has the Comfort Food Cure

Wendy's to Build More Than 60 New Restaurants in MexicoMarch 4, 2026 10:00 AM
PR Newswire (US)

Mexico serves as the foundation of Wendy's Latin America growth strategy as the brand accelerates expansion across the regionDUBLIN, Ohio, March 4, 2026 /PRNewswire/ -- The Wendy's Company announced today the finalization of two new franchise agreements that will add more than 60 new Wendy's® restaurants in Mexico in the coming years. These commitments mark another significant milestone in advancing the brand's strategic priority to accelerate international net new unit growth and demonstrate that Wendy's is delivering on its stated plans for rapid expansion across Mexico.







MEXICO CITY REGION: Wendy's has entered into a franchise agreement with AJ Group to develop 50 new Wendy's restaurants in Mexico City and the states of Mexico, Hidalgo and Morelos. AJ Group is a great partner for Wendy's and brings extensive experience across real estate development and restaurant operations, including a strong portfolio of international food and beverage brands, positively positioning the organization to grow Wendy's in key urban and high-traffic markets. The first new Wendy's restaurant in Mexico City is planned to open this year, establishing a strong foundation for long-term growth in the region.NORTHERN REGION: Wendy's has entered into a franchise agreement with WS Pacific to develop 12 new Wendy's restaurants across the states of Sinaloa and Durango, further supporting the brand's expansion in Mexico. WS Pacific is a perfect fit for Wendy's and brings deep experience in operations, construction, and local market development through its diversified business portfolio, a solid foundation on which the group can lean on to successfully grow the Wendy's brand in the region. The first Wendy's in the region is targeted to open by year end, establishing an important foothold for long-term growth.E.J. Wunsch, President – International, The Wendy's Company: "Wendy's is winning globally because our brand, our food, and our business model deliver. The momentum in Mexico underscores why experienced operators see Wendy's as a strategic platform for growth. As we expand with partners like AJ Group and WS Pacific, we are creating new opportunities for franchisees who want to be part of a fast-accelerating, globally recognized brand."Carlos Ribas, SVP, Managing Director – LAC Region, The Wendy's Company: "These agreements reflect the growing consumer demand for Wendy's in Mexico and reinforce the brand's accelerating presence across Latin America. By partnering with experienced franchise groups and continuing to invest in the right local resources, we have built a strong foundation for sustainable growth in the market. We look forward to bringing more Wendy's restaurants to Mexican consumers who appreciate our fresh, high-quality food and welcoming hospitality."Galdino Palafox, CFO, AJ Group: "We are proud to partner with Wendy's to grow this iconic brand in the Mexico City region. Wendy's is known globally for its fresh, made-to-order food and distinctive brand personality, which we know will resonate well with Mexican consumers. By combining the strength of the Wendy's brand with our local development and operational experience, we will create welcoming restaurants that reflect the energy of Mexico City and surrounding markets."Rodolfo Silveyra Muñoz, CEO, WS Pacific: "Expanding Wendy's into new markets across the Northern Mexico region is an incredible opportunity that perfectly aligns with our growth ambitions. Wendy's is a globally recognized brand with a strong commitment to quality and hospitality, and consumers in Sinaloa and Durango will welcome the brand in their communities with open arms. We look forward to building high-performing restaurants and introducing a fresh dining experience to Wendy's fans in Mexico."Founded in 1969, Wendy's is one of the world's leading quick-service restaurant brands. The brand's commitment to serving fresh food while providing high-quality experiences through exceptional hospitality and modern restaurant designs is a differentiator in the industry. Known for its made-to-order square hamburgers, Spicy Chicken sandwiches and nuggets, and the cool, creamy Frosty® dessert, Wendy's high-quality offerings will bring innovation and excitement to the Mexican fast-food scene. Growth Opportunities in MexicoTo support rapid growth in Mexico, Wendy's has laid a strong foundation for new unit expansion. The state of Chihuahua, where Wendy's has been serving customers for more than 30 years, continues to be a standout market, demonstrating sustained momentum and strong leadership within the QSR burger category.Wendy's continues to actively recruit franchise partners to build and operate new restaurants in key regions across Mexico. Growing with Wendy's is an attractive opportunity for experienced and well-established franchise candidates in Mexico:Mexico's burger QSR market reached $2.4 billion in 2024 and has shown impressive momentum, growing at an average annual rate of 14.3% over the past five years. 1With continued growth projected at 7.1% annually, Mexico presents a strong opportunity for Wendy's to expand and meet rising consumer demand. 2In areas where Wendy's is already established, 71% of consumers have tried the brand, reflecting strong local engagement. 3In regions where Wendy's has yet to open a restaurant, Wendy's enjoys 92% awareness and a 46% trial rate, indicating high consumer interest and potential for growth. 4Learn more about Wendy's franchising opportunities on our website.1, 2 Based on data from Euromonitor International, 2024
3, 4 Wendy's brand health tracking (MX), Aug. 2025 About Wendy's
The Wendy's Company (Nasdaq: WEN) and Wendy's® franchisees employ hundreds of thousands of people across more than 7,000 restaurants worldwide. Founded in 1969, Wendy's is committed to the promise of Fresh Famous Food, Made Right, For You, delivered to customers through its craveable menu including made-to-order square hamburgers using fresh beef*, and fan favorites like the Spicy Chicken Sandwich and nuggets, Baconator®, and the Frosty® dessert. Wendy's supports the Dave Thomas Foundation for Adoption®, established by its founder, which seeks to dramatically increase the number of adoptions of children waiting in North America's foster care system. Learn more about Wendy's at www.wendys.com. For details on franchising, visit www.wendys.com/franchising. Connect with Wendy's on X, Instagram and Facebook.*Fresh beef available in the contiguous U.S. and Alaska, as well as Canada, Mexico, Puerto Rico, the UK, and other select international markets.? Wendy's Media Contact
Elizabeth Drake, Director, International & System Communications
mediarelations@wendys.com



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Original: Wendy's to Build More Than 60 New Restaurants in Mexico

The Wendy's Company Comments on Amended 13D Filing from Trian PartnersFebruary 18, 2026 5:10 PM
PR Newswire (US)

DUBLIN, Ohio, Feb. 18, 2026 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) today issued the following statement regarding the Schedule 13D/A filed by Trian Fund Management, L.P. and certain of its affiliates with the Securities and Exchange Commission: 







"The Wendy's Company's Board of Directors and management team regularly review the Company's strategic priorities and opportunities with the goal of maximizing value for all shareholders. Our Board is committed to continuing to act in the best interests of the Company and its shareholders. If and when any proposal is submitted by Trian Partners, the Board of Directors will carefully evaluate it, consistent with its fiduciary duties.  As discussed during our recent fourth quarter 2025 earnings call, we are executing our Project Fresh turnaround plan with urgency to strengthen our U.S. business while continuing to deliver strong growth internationally. With an iconic brand, a great team, passionate franchisees, improved capabilities, and the right plan to deliver results, we are confident that we have all the ingredients necessary for long-term success."Forward-Looking Statements
This press release contains certain statements that are not historical facts, including statements regarding the Company's strategic priorities and opportunities and future performance. Those statements, as well as statements preceded by, followed by, or that include the words "will," "may," "believes," "intends," "plans," "expects," "anticipates," or similar expressions constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). The forward-looking statements are based on the Company's expectations at the time, speak only as of the dates they are made and are susceptible to a number of risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from those expressed or implied in any forward-looking statement. These factors include, but are not limited to, the factors identified in the "Special Note Regarding Forward-Looking Statements and Projections" and "Risk Factors" sections of our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q and in our other filings with the Securities and Exchange Commission. For all forward-looking statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Reform Act.About Wendy's
The Wendy's Company (Nasdaq: WEN) and Wendy's® franchisees employ hundreds of thousands of people across more than 7,000 restaurants worldwide. Founded in 1969, Wendy's is committed to the promise of Fresh Famous Food, Made Right, For You, delivered to customers through its craveable menu including made-to-order square hamburgers using fresh beef*, and fan favorites like the Spicy Chicken Sandwich and nuggets, Baconator®, and the Frosty® dessert. Wendy's supports the Dave Thomas Foundation for Adoption®, established by its founder, which seeks to dramatically increase the number of adoptions of children waiting in North America's foster care system. Learn more about Wendy's at www.wendys.com. For details on franchising, visit www.wendys.com/franchising. Connect with Wendy's on X, Instagram and Facebook.*Fresh beef available in the contiguous U.S. and Alaska, as well as Canada, Mexico, Puerto Rico, the UK, and other select international markets.Investor Contact:
Aaron Broholm
Head of Investor Relations
(614) 764-3345; aaron.broholm@wendys.comMedia Contact:
Heidi Schauer
Vice President – Communications, Public Affairs & Customer Care
(614) 764-3368; heidi.schauer@wendys.com



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Original: The Wendy's Company Comments on Amended 13D Filing from Trian Partners

The Iconic Duo Returns: Wendy's Thin Mints Frosty Is Back with All-New Frosty FusionFebruary 17, 2026 8:00 AM
PR Newswire (US)

Wendy's debuts limited-time Frosty Fusion and brings back the fan-favorite Swirl for Girl Scout Cookie seasonSweet Deets: Introducing the limited-time Girl Scouts Thin Mints® Frosty Fusion® – combining Wendy's® Vanilla Frosty® with crushed Thin Mints® cookies and a minty cookie crumble sauce – coupled with the return of the fan-favorite Thin Mints™ Frosty Swirl®.More than 3,600 Wendy's restaurants across the country are ready to host Girl Scout Cookie™ booths, enhancing community support and supporting troop cookie sales.DUBLIN, Ohio, Feb. 17, 2026 /PRNewswire/ -- Thin Mints and Frosty fans, we're so back. Wendy's Thin Mints Frosty is now available nationwide with two crave-worthy ways for fans to treat themselves this season. As a licensed partner of Girl Scouts of the USA (GSUSA), Wendy's is bringing back the beloved Thin Mints Frosty Swirl and introducing an all-new Thin Mints Frosty Fusion.







Both treats combine creamy Frosty and Thin Mint goodness in every spoonful. And what's even sweeter? Girl Scouts will be selling cookies at participating Wendy's nationwide during National Girl Scout Cookie Weekend, Feb. 20-22, and throughout Girl Scout Cookie season. Find a participating Wendy's restaurant at girlscoutcookies.org.Frosty fans can get their hands on two distinct Thin Mints Frosty experiences:ALL-NEW Thin Mints Frosty Fusion: The new creation combines Wendy's Vanilla Frosty with a rich, minty cookie crumble sauce and crushed Girl Scout Thin Mints cookies, delivering a delicious chocolatey, minty experience with every creamy spoonful.Thin Mints Frosty Swirl: The returning favorite features Wendy's Vanilla Frosty swirled and topped with a rich, minty cookie crumble sauce inspired by Girl Scout Thin Mints.Both options blend the classic taste of Thin Mints with the cool, creamy Frosty and are also available with a Chocolate Frosty base."The friendship between Wendy's and Girl Scouts of the USA is even sweeter this year with two ways to experience a Thin Mints Frosty with both our Frosty Swirl and Frosty Fusion options," said Lindsay Radkoski, U.S. Chief Marketing Officer for The Wendy's Company. "For so many fans, Girl Scout Cookies evoke cherished childhood memories. By bringing together these iconic treats, Wendy's celebrates the nostalgia our fans love while giving families a delicious reason to gather, connect, and create new memories together.""We're thrilled to be teaming up with Wendy's once again to celebrate two icons coming together — the beloved Frosty and now the Frosty Fusion — in a way that delights fans and supports our girls," said Wendy Lou, chief revenue officer of Girl Scouts of the USA. "What makes this partnership especially meaningful is that Wendy's restaurants are also opening their doors to Girl Scouts, giving troops space to sell cookies, connect with their communities and build the skills that help them reach their goals."Together, we celebrate legendary sweet treats, connecting with local communities and the power of entrepreneurship. Cheers to a friendship (and a Frosty) worth celebrating!ABOUT WENDY'S
The Wendy's Company (Nasdaq: WEN) and Wendy's® franchisees employ hundreds of thousands of people across more than 7,000 restaurants worldwide. Founded in 1969, Wendy's is committed to the promise of Fresh Famous Food, Made Right, For You, delivered to customers through its craveable menu including made-to-order square hamburgers using fresh beef**, and fan favorites like the Spicy Chicken Sandwich and nuggets, Baconator®, and the Frosty® dessert. Wendy's supports the Dave Thomas Foundation for Adoption®, established by its founder, which seeks to dramatically increase the number of adoptions of children waiting in North America's foster care system. Learn more about Wendy's at www.wendys.com. For details on franchising, visit www.wendys.com/franchising. Connect with Wendy's on X, Instagram and Facebook.WE ARE GIRL SCOUTS OF THE USA:
Girl Scouts bring their dreams to life and work together to build a better world. Through programs from coast to coast, Girl Scouts of all backgrounds and abilities can be unapologetically themselves as they discover their strengths and rise to meet new challenges—whether they want to climb to the top of a tree or the top of their class, lace up their boots for a hike or advocate for climate justice, or make their first best friends. Backed by adult volunteers, mentors, and millions of alums, Girl Scouts lead the way as they find their voices and make changes that affect the issues most important to them. To join us, volunteer, reconnect, or donate, visit girlscouts.org.*Limited time only at participating U.S. Wendy's. **Fresh beef available in the contiguous U.S. and Alaska, as well as Canada, Mexico, Puerto Rico, the UK, and other select international markets.














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Original: The Iconic Duo Returns: Wendy's Thin Mints Frosty Is Back with All-New Frosty Fusion

THE WENDY'S COMPANY REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS AND PROVIDES 2026 OUTLOOKFebruary 13, 2026 7:00 AM
PR Newswire (US)

Global systemwide sales for the fourth quarter were $3.4 billion, a decrease of 8.3%, and for the full year were $14.0 billion, a decrease of 3.5%.International systemwide sales for the fourth quarter and full year grew 6.2% and 8.1%, respectively.Added 34 net new restaurants in the fourth quarter, bringing total additions to 157 net new restaurants for the full year, an increase of 2.2%.Reported net income for the fourth quarter and full year were $26.5 million and $165.1 million, respectively. Adjusted EBITDA for the fourth quarter and full year were $113.3 million and $522.4 million, respectively.Reported diluted earnings per share for the fourth quarter and full year were $0.14 and $0.85, respectively. Adjusted earnings per share for the fourth quarter and full year were $0.16 and $0.88, respectively.Net cash provided by operating activities for the full year was $344.5 million and free cash flow for the full year was $205.4 million.Returned $329.6 million to shareholders through dividends and share repurchases for the full year, an increase of over $48 million from the prior year.DUBLIN, Ohio, Feb. 13, 2026 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) today reported unaudited results for the fourth quarter ended December 28, 2025.







"Our fourth quarter performance was in line with our expectations, reflecting the challenges we anticipated," said Ken Cook, Interim CEO. "We are making progress against our Project Fresh turnaround plan in the U.S. and continue to deliver strong growth internationally. International systemwide sales were up 6.2% in the quarter and 8.1% for the full year, supported by 121 net new restaurants in 2025, reinforcing the global strength of the Wendy's brand.""We're encouraged by the operational improvements we've driven at U.S. Company-operated restaurants and our marketing calendar for 2026, which includes new everyday Biggie value offerings and upcoming innovation across our core menu," continued Cook. "We're executing Project Fresh with urgency to strengthen our foundation and position Wendy's for long-term success."Operational Highlights2024
2025











Fourth QuarterUS
Intl
Global
US
Intl
Global











Systemwide Sales Growth (1) (2)4.5 %
11.3 %
5.4 %
(10.5) %
6.2 %
(8.3) %Same-Restaurant Sales Growth (1) (2)4.1 %
4.9 %
4.3 %
(11.3) %
(2.0) %
(10.1) %Systemwide Sales (In US$ Millions) (2) (3)$3,179.2
$495.0
$3,674.2
$2,846.0
$528.1
$3,374.1Restaurant Openings - Total / Net36 / (78)
77 / 26
113 / (52)
37 / (10)
59 / 44
96 / 34Quarter End Restaurant Count5,933
1,307
7,240
5,969
1,428
7,397











Full YearUS
Intl
Global
US
Intl
GlobalSystemwide Sales Growth (1) (2)2.2 %
9.0 %
3.1 %
(5.2) %
8.1 %
(3.5) %Same-Restaurant Sales Growth (1) (2)1.4 %
2.8 %
1.5 %
(5.6) %
1.3 %
(4.7) %Systemwide Sales (In US$ Millions) (2) (3)$12,553.8
$1,933.6
$14,487.4
$11,897.5
$2,064.1
$13,961.6Restaurant Openings - Total / Net101 / (97)
175 / 97
276 / 0
109 / 36
159 / 121
268 / 157
(1) Systemwide sales growth and same-restaurant sales growth are calculated on a constant currency basis and include sales by both Company-operated and franchise restaurants.(2) Excludes Argentina.(3) Systemwide sales include sales at both Company-operated and franchise restaurants. Financial HighlightsFourth Quarter
Full Year












2024
2025
B / (W)
2024
2025
B / (W)











($ In Millions Except Per Share Amounts)(Unaudited)











Total Revenues$  574.3
$  543.0
(5.5) %
$ 2,246.5
$ 2,176.9
(3.1) %Adjusted Revenues (1)$  459.3
$  439.6
(4.3) %
$ 1,788.4
$ 1,754.8
(1.9) %U.S. Company-Operated Restaurant Margin16.5 %
12.7 %
(3.8) %
16.0 %
14.2 %
(1.8) %General and Administrative Expense$    67.2
$    67.1
0.1 %
$  255.2
$   252.7
1.0 %Operating Profit$    96.0
$    64.0
(33.3) %
$  371.4
$   343.5
(7.5) %Net Income$    47.5
$    26.5
(44.2) %
$  194.4
$   165.1
(15.1) %Adjusted EBITDA (1)$  137.5
$  113.3
(17.6) %
$  543.6
$   522.4
(3.9) %Reported Diluted Earnings Per Share$    0.23
$    0.14
(39.1) %
$    0.95
$     0.85
(10.5) %Adjusted Earnings Per Share (1)$    0.25
$    0.16
(36.0) %
$    1.00
$     0.88
(12.0) %Cash Flow from Operations





$  355.3
$   344.5
(3.0) %Free Cash Flow (1) (2)





$  237.7
$   205.4
(13.6) %











(1) See "Disclosure Regarding Non-GAAP Financial Measures" and the reconciliation tables that accompany this release for a discussion and reconciliation of the non-GAAP financial measures included in this release.(2) Beginning with the three months ended March 30, 2025, the Company modified its definition of free cash flow to reflect expenditures related to its franchise development fund. The prior period has been revised to conform to the current year presentation.Fourth Quarter Financial HighlightsSystemwide Sales
Global systemwide sales decreased, driven largely by lower U.S. same-restaurant sales, partially offset by contributions from net new restaurant openings.Total Revenues
The decrease in total reported revenues resulted primarily from lower advertising funds revenue, lower franchise royalty revenue, and a decrease in franchise fees.U.S. Company-Operated Restaurant Margin
The decrease in U.S. Company-operated restaurant margin was primarily due to a decline in traffic, commodity inflation, and labor rate inflation. These were partially offset by an increase in average check and labor efficiencies.General and Administrative Expense
The decrease in general and administrative expense was primarily due to lower incentive compensation, partially offset by an increase in employee compensation and benefits.Operating Profit
The decrease in operating profit was primarily due to lower net franchise fees, lower franchise royalty revenue, and a decrease in U.S. Company-operated restaurant margin. These were partially offset by a decrease in the Company's funding of incremental advertising spend.Net Income
The decrease in reported net income was primarily due to a decrease in operating profit and a decrease in other income, partially offset by lower income taxes.Adjusted EBITDA
The decrease in adjusted EBITDA was primarily driven by lower net franchise fees, lower franchise royalty revenue, and a decrease in U.S. Company-operated restaurant margin. These were partially offset by a decrease in the Company's funding of incremental advertising spend and higher other operating income.Adjusted Earnings Per Share
The decrease in adjusted earnings per share was primarily driven by a decrease in adjusted EBITDA, an increase in depreciation and cloud computing amortization expenses, and lower other income. These were partially offset by a lower effective income tax rate primarily due to the one-time unfavorable deferred state income tax adjustment in the prior year.Full Year Financial HighlightsSystemwide Sales
Global systemwide sales decreased primarily due to lower same-restaurant sales in the U.S. segment, partially offset by contributions from net new restaurant openings and same-restaurant sales growth in the International segment.Total Revenues
The decrease in total reported revenues resulted primarily from lower advertising funds revenue, lower franchise royalty revenue, and lower U.S. Company-operated restaurant sales.U.S. Company-Operated Restaurant Margin
The decrease in U.S. Company-operated restaurant margin was primarily due to a decline in traffic, commodity inflation, and labor rate inflation. These were partially offset by an increase in average check and labor efficiencies.General and Administrative Expense
The decrease in general and administrative expense was primarily due to lower share-based compensation and lower incentive compensation, partially offset by higher employee compensation and benefits.Operating Profit
The decrease in operating profit was primarily due to lower franchise royalty revenue, lower U.S. Company-operated restaurant margin, and a decrease in net franchise fees. These were partially offset by a decrease in the Company's funding of incremental advertising spend and higher other operating income.Net Income
The decrease in reported net income was primarily due to a decrease in operating profit and a decrease in other income, partially offset by lower income taxes.Adjusted EBITDA
The decrease in adjusted EBITDA was primarily driven by lower franchise royalty revenue, a decrease in U.S. Company-operated restaurant margin, and lower net franchise fees. These were partially offset by a decrease in the Company's funding of incremental advertising spend and higher other operating income.Adjusted Earnings Per Share
The decrease in adjusted earnings per share was driven by a decrease in adjusted EBITDA, an increase in depreciation and cloud computing amortization expenses, and lower other income. These were partially offset by fewer shares outstanding as a result of the Company's share repurchase program.Free Cash Flow
The decrease in free cash flow was driven by a decrease in net cash provided by operating activities and an increase in capital expenditures. These were partially offset by a decrease in investments associated with the Company's franchise development fund.Company Declares Quarterly Dividend
The Company announced today the declaration of its regular quarterly cash dividend of $0.14 per share. The dividend is payable on March 16, 2026, to shareholders of record as of March 2, 2026. The number of common shares outstanding as of February 6, 2026 was approximately 190.4 million.Share Repurchases
The Company did not repurchase any shares in the fourth quarter of 2025. The Company has not repurchased any shares in the first quarter of 2026 as of the date of this release. As of February 13, approximately $35.0 million remained available under the Company's existing share repurchase authorization that expires in February 2027. 2026 Outlook
During 2026 the Company Expects:Global systemwide sales growthApproximately Flat
Adjusted EBITDA$460 to $480 million
Adjusted earnings per share$0.56 to $0.60
Capital expenditures and franchise development fund investments$120 to $130 million
Free cash flow$190 to $205 million
As previously disclosed, the Company modified its definition of free cash flow to reflect expenditures related to its franchise development fund beginning with its first quarter 2025 results.Conference Call and Webcast Scheduled for 8:30 a.m. Today, February 13
The Company will host a conference call on Friday, February 13 at 8:30 a.m. ET, with a simultaneous webcast from the Company's Investor Relations website at www.irwendys.com. The related presentation materials are now available on the Company's Investor Relations website. The live conference call will be available by telephone at (844) 200-6205 for domestic callers and (929) 526-1599 for international callers, both using event ID 383100. A replay of the webcast will be available on the Company's Investor Relations website.About Wendy's
The Wendy's Company (Nasdaq: WEN) and Wendy's® franchisees employ hundreds of thousands of people across more than 7,000 restaurants worldwide. Founded in 1969, Wendy's is committed to the promise of Fresh Famous Food, Made Right, For You, delivered to customers through its craveable menu including made-to-order square hamburgers using fresh beef*, and fan favorites like the Spicy Chicken Sandwich and nuggets, Baconator®, and the Frosty® dessert. Wendy's supports the Dave Thomas Foundation for Adoption®, established by its founder, which seeks to dramatically increase the number of adoptions of children waiting in North America's foster care system. Learn more about Wendy's at www.wendys.com. For details on franchising, visit www.wendys.com/franchising. Connect with Wendy's on X, Instagram and Facebook.*Fresh beef available in the contiguous U.S. and Alaska, as well as Canada, Mexico, Puerto Rico, the UK, and other select international markets.Investor Contact:
Aaron Broholm
Head of Investor Relations
(614) 764-3345; aaron.broholm@wendys.comMedia Contact:
Heidi Schauer
Vice President – Communications, Public Affairs & Customer Care
(614) 764-3368; heidi.schauer@wendys.comForward-Looking Statements
This release contains certain statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). Generally, forward-looking statements include the words "may," "believes," "plans," "expects," "anticipates," "intends," "estimate," "goal," "upcoming," "outlook," "guidance" or the negation thereof, or similar expressions. In addition, all statements that address future operating, financial or business performance, strategies or initiatives, future efficiencies or savings, anticipated costs or charges, future capitalization, anticipated impacts of recent or pending investments or transactions and statements expressing general views about future results or brand health are forward-looking statements within the meaning of the Reform Act. Forward-looking statements are based on the Company's expectations at the time such statements are made, speak only as of the dates they are made and are susceptible to a number of risks, uncertainties and other factors. For all such forward-looking statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Reform Act. The Company's actual results, performance and achievements may differ materially from any future results, performance or achievements expressed or implied by the Company's forward-looking statements.Many important factors could affect the Company's future results and cause those results to differ materially from those expressed in or implied by the Company's forward-looking statements. Such factors include, but are not limited to, the following: (1) the impact of competition or poor customer experiences at Wendy's restaurants; (2) adverse economic conditions or volatility or disruptions, including in regions with a high concentration of Wendy's restaurants; (3) changes in discretionary consumer spending and consumer tastes and preferences; (4) conditions beyond the Company's control, such as adverse weather conditions, natural disasters, hostilities, social unrest, health epidemics or pandemics or other catastrophic events; (5) impacts to the Company's corporate reputation or the value and perception of the Company's brand; (6) the effectiveness of the Company's marketing and advertising programs and new product development; (7) the Company's ability to manage the impact of social or digital media; (8) the Company's ability to protect its intellectual property; (9) food safety events or health concerns involving the Company's products; (10) the Company's ability to successfully implement important strategic initiatives, including its Project Fresh plan, effectively managing or maintaining growth and market share across its dayparts or executing strategic transactions; (11) the Company's ability to grow its business through new restaurant development; (12) the Company's ability to effectively manage the acquisition and disposition of restaurants and other restaurant activity; (13) risks associated with leasing and owning significant amounts of real estate, including environmental matters; (14) risks associated with the Company's international operations, including the ability to execute its international growth strategy; (15) changes in commodity and other operating costs; (16) shortages or interruptions in the supply or distribution of the Company's products and other risks associated with the Company's independent supply chain purchasing co-op; (17) the impact of increased labor costs or labor shortages; (18) the continued succession and retention of key personnel and the effectiveness of the Company's leadership and organizational structure; (19) risks associated with the Company's digital commerce strategy, platforms and technologies, including its ability to adapt to changes in industry trends and consumer preferences; (20) the Company's and its franchisees' dependence on computer systems and information technology, including risks associated with the failure or interruption of its systems or technology or the occurrence of cybersecurity incidents or deficiencies; (21) risks associated with the Company's securitized financing facility and other debt agreements, including compliance with operational and financial covenants, restrictions on its ability to raise additional capital, the impact of its overall debt levels and the Company's ability to generate sufficient cash flow to meet its debt service obligations and operate its business; (22) risks associated with the Company's capital allocation policy, including the amount and timing of equity and debt repurchases and dividend payments; (23) risks associated with complaints and litigation, compliance with legal and regulatory requirements and a focus on corporate responsibility issues; (24) risks associated with the availability and cost of insurance, the recognition of impairment or other charges, changes in tax rates or tax laws and fluctuations in foreign currency exchange rates; (25) risks associated with the Company's predominantly franchised business model; and (26) other risks and uncertainties cited in the Company's releases, public statements and/or filings with the Securities and Exchange Commission, including those identified in the "Risk Factors" sections of the Company's Forms 10-K and 10-Q.All future written and oral forward-looking statements attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to above. New risks and uncertainties arise from time to time, and factors that the Company currently deems immaterial may become material, and it is impossible for the Company to predict these events or how they may affect the Company.The Company assumes no obligation to update any forward-looking statements after the date of this release as a result of new information, future events or developments, except as required by federal securities laws, although the Company may do so from time to time. The Company does not endorse any projections regarding future performance that may be made by third parties.Disclosure Regarding Non-GAAP Financial Measures
In addition to the financial measures presented in this release in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"), the Company has included certain non-GAAP financial measures in this release, including adjusted revenue, adjusted EBITDA, adjusted earnings per share, and free cash flow.The Company uses adjusted revenue, adjusted EBITDA and adjusted earnings per share as internal measures of business operating performance and as performance measures for benchmarking against the Company's peers and competitors. Adjusted EBITDA is also used by the Company in establishing performance goals for purposes of executive compensation. The Company believes its presentation of adjusted revenue, adjusted EBITDA and adjusted earnings per share provides a meaningful perspective of the underlying operating performance of our current business and enables investors to better understand and evaluate our historical and prospective operating performance. The Company believes these non-GAAP financial measures are important supplemental measures of operating performance because they eliminate items that vary from period to period without correlation to our core operating performance and highlight trends in our business that may not otherwise be apparent when relying solely on GAAP financial measures. Due to the nature and/or size of the items being excluded, such items do not reflect future gains, losses, expenses or benefits and are not indicative of our future operating performance. The Company believes investors, analysts and other interested parties use adjusted revenue, adjusted EBITDA, and adjusted earnings per share in evaluating issuers, and the presentation of these measures facilitates a comparative assessment of the Company's operating performance in addition to the Company's performance based on GAAP results.This release also includes disclosure regarding the Company's free cash flow. Free cash flow is a non-GAAP financial measure that is used by the Company as an internal measure of liquidity. Free cash flow is also used by the Company in establishing performance goals for purposes of executive compensation. The Company defines free cash flow as cash flows from operations minus (i) capital expenditures, (ii) expenditures related to the Company's franchise development fund and (iii) the net change in the restricted operating assets and liabilities of the advertising funds and any excess/deficit of advertising funds revenue over advertising funds expense included in net income, as reported under GAAP. The impact of our advertising funds is excluded because the funds are used solely for advertising and are not available for the Company's working capital needs. The Company may also make additional adjustments for certain non-recurring or unusual items to the extent identified in the reconciliation tables that accompany this release. The Company believes free cash flow is an important liquidity measure for investors and other interested persons because it communicates how much cash flow is available for working capital needs or to be used for repurchasing shares, paying dividends, repaying or refinancing debt, financing possible acquisitions or investments or other uses of cash.Adjusted revenue, adjusted EBITDA, adjusted earnings per share, and free cash flow are not recognized terms under GAAP, and the Company's presentation of these non-GAAP financial measures does not replace the presentation of the Company's financial results in accordance with GAAP. Because all companies do not calculate adjusted revenue, adjusted EBITDA, adjusted earnings per share, and free cash flow (and similarly titled financial measures) in the same way, those measures as used by other companies may not be consistent with the way the Company calculates such measures. The non-GAAP financial measures included in this release should not be construed as substitutes for or better indicators of the Company's performance than the most directly comparable GAAP financial measures. See the reconciliation tables that accompany this release for additional information regarding certain of the non-GAAP financial measures included herein.In addition, this release includes forward-looking projections for certain non-GAAP financial measures, including adjusted EBITDA, adjusted earnings per share and free cash flow. The Company excludes certain expenses and benefits from adjusted EBITDA, adjusted earnings per share and free cash flow, such as the impact from our advertising funds, including the net change in the restricted operating assets and liabilities and any excess or deficit of advertising fund revenues over advertising fund expenses, impairment of long-lived assets, reorganization and realignment costs, system optimization gains, net, amortization of cloud computing arrangements, gain on early extinguishment of debt, net, and the timing and resolution of certain tax matters. Due to the uncertainty and variability of the nature and amount of those expenses and benefits, the Company is unable without unreasonable effort to provide projections of net income, earnings per share or net cash provided by operating activities, or a reconciliation of those projected measures.Key Business Measures
The Company tracks its results of operations and manages its business using certain key business measures, including same-restaurant sales, systemwide sales and Company-operated restaurant margin, which are measures commonly used in the quick-service restaurant industry that are important to understanding Company performance.Same-restaurant sales and systemwide sales each include sales by both Company-operated and franchise restaurants. The Company reports same-restaurant sales for new restaurants after they have been open for 15 continuous months and for reimaged restaurants as soon as they reopen. Restaurants temporarily closed for more than one fiscal week are excluded from same-restaurant sales.Franchise restaurant sales are reported by our franchisees and represent their revenues from sales at franchised Wendy's restaurants. Sales by franchise restaurants are not recorded as Company revenues and are not included in the Company's consolidated financial statements. However, the Company's royalty revenues are computed as percentages of sales made by Wendy's franchisees and, as a result, sales by franchisees have a direct effect on the Company's royalty revenues and profitability.Same-restaurant sales and systemwide sales exclude sales from Argentina due to the highly inflationary economy of that country.The Company calculates same-restaurant sales and systemwide sales growth on a constant currency basis. Constant currency results exclude the impact of foreign currency translation and are derived by translating current year results at prior year average exchange rates. The Company believes excluding the impact of foreign currency translation provides better year over year comparability.U.S. Company-operated restaurant margin is defined as sales from U.S. Company-operated restaurants less cost of sales divided by sales from U.S. Company-operated restaurants. Cost of sales includes food and paper, restaurant labor and occupancy, advertising and other operating costs. Cost of sales excludes certain costs that support restaurant operations that are not allocated to individual restaurants, which are included in "General and administrative." Cost of sales also excludes depreciation and amortization expense and impairment of long-lived assets. Therefore, as restaurant margin as presented excludes certain costs as described above, its usefulness may be limited and may not be comparable to other similarly titled measures of other companies in our industry.The Wendy's Company and SubsidiariesConsolidated Statements of OperationsThree and Twelve Month Periods Ended December 29, 2024 and December 28, 2025(In Thousands Except Per Share Amounts)(Unaudited)

Three Months Ended
Twelve Months Ended
2024
2025
2024
2025Revenues:






Sales$            232,824
$            230,808
$            925,905
$            916,325Franchise royalty revenue133,789
122,827
528,388
504,547Franchise fees34,175
26,446
97,614
98,184Franchise rental income58,555
59,546
236,493
235,750Advertising funds revenue114,930
103,347
458,092
422,085
574,273
542,974
2,246,492
2,176,891Costs and expenses:






Cost of sales195,574
202,775
783,211
791,724Franchise support and other costs20,677
29,791
67,688
80,975Franchise rental expense31,041
31,501
127,446
125,773Advertising funds expense120,213
101,969
478,136
422,552General and administrative67,161
67,081
255,208
252,679Depreciation and amortization (exclusive of amortization
of cloud computing  arrangements shown separately below)33,228
40,290
143,234
152,222Amortization of cloud computing arrangements4,064
5,198
14,701
18,647System optimization gains, net(646)
(704)
(1,219)
(1,030)Reorganization and realignment costs49
77
8,528
(125)Impairment of long-lived assets6,840
6,731
9,713
12,095Other operating loss (income), net51
(5,752)
(11,513)
(22,073)
478,252
478,957
1,875,133
1,833,439Operating profit96,021
64,017
371,359
343,452Interest expense, net(31,081)
(32,502)
(123,881)
(126,467)Loss on early extinguishment of debt, net—
(642)
—
(642)Investment income (loss), net—
—
11
(1,718)Other income, net5,542
2,320
24,924
12,621Income before income taxes70,482
33,193
272,413
227,246Provision for income taxes(22,985)
(6,712)
(78,056)
(62,171)Net income$              47,497
$              26,481
$            194,357
$            165,075







Basic and diluted net income per share$                     .23
$                     .14
$                     .95
$                     .85







Number of shares used to calculate basic income per share203,848
190,236
204,351
193,406







Number of shares used to calculate diluted income per share205,045
190,544
205,614
194,032 The Wendy's Company and SubsidiariesConsolidated Balance SheetsAs of December 29, 2024 and December 28, 2025(In Thousands Except Par Value)(Unaudited)

December 29,
2024
December 28,
2025ASSETS


Current assets:


Cash and cash equivalents$            450,512
$            300,833Restricted cash34,481
39,207Accounts and notes receivable, net99,926
117,333Inventories6,529
7,387Prepaid expenses and other current assets45,563
55,412Advertising funds restricted assets99,129
97,867Total current assets736,140
618,039Properties907,787
937,795Finance lease assets244,954
312,844Operating lease assets679,777
642,589Goodwill771,468
774,088Other intangible assets1,192,264
1,170,671Investments29,006
25,227Net investment in sales-type and direct financing leases288,048
284,891Other assets185,399
190,417Total assets$         5,034,843
$         4,956,561



LIABILITIES AND STOCKHOLDERS' EQUITY


Current liabilities:


Current portion of long-term debt$              78,163
$              29,750Current portion of finance lease liabilities22,509
26,673Current portion of operating lease liabilities50,068
51,119Accounts payable28,455
30,450Accrued expenses and other current liabilities118,224
116,655Advertising funds restricted liabilities100,212
96,454Total current liabilities397,631
351,101Long-term debt2,662,130
2,730,502Long-term finance lease liabilities575,363
646,715Long-term operating lease liabilities704,333
660,257Deferred income taxes263,420
287,753Deferred franchise fees88,387
87,956Other liabilities84,227
74,894Total liabilities4,775,491
4,839,178Commitments and contingencies


Stockholders' equity:


Common stock, $0.10 par value; 1,500,000 shares authorized;     470,424 shares issued; 203,834 and 190,324 shares outstanding, respectively47,042
47,042Additional paid-in capital2,982,102
2,986,150Retained earnings399,700
435,124Common stock held in treasury, at cost; 266,590 and 280,100 shares, respectively(3,094,739)
(3,286,965)Accumulated other comprehensive loss(74,753)
(63,968)Total stockholders' equity259,352
117,383Total liabilities and stockholders' equity$         5,034,843
$         4,956,561 The Wendy's Company and SubsidiariesConsolidated Statements of Cash FlowsTwelve Month Periods Ended December 29, 2024 and December 28, 2025(In Thousands)(Unaudited)

Twelve Months Ended
2024
2025Cash flows from operating activities:


Net income$            194,357
$            165,075Adjustments to reconcile net income to net cash provided by operating activities:


Depreciation and amortization (exclusive of amortization ofcloud computing arrangements shown separately below)143,234
152,222Amortization of cloud computing arrangements14,701
18,647Share-based compensation23,019
14,573Impairment of long-lived assets9,713
12,095Deferred income tax(5,529)
23,461Non-cash rental expense, net41,904
45,454Change in operating lease liabilities(48,911)
(49,230)Net (recognition) receipt of deferred vendor incentives(586)
1,534System optimization gains, net(1,219)
(1,030)Distributions received from joint ventures, net of equity in earnings14,408
14,779Equity in earnings in joint ventures, net(11,607)
(11,215)Long-term debt-related activities, net7,479
8,123Cloud computing arrangements expenditures(18,815)
(23,483)Other, net14,542
25,093Changes in operating assets and liabilities:


Accounts and notes receivable(5,158)
(19,174)Inventories138
(473)Prepaid expenses and other current assets(1,795)
(1,345)Advertising funds restricted assets and liabilities(20,733)
(4,007)Accounts payable1,026
(8,927)Accrued expenses and other current liabilities5,139
(17,629)Net cash provided by operating activities355,307
344,543Cash flows from investing activities:


Capital expenditures(94,388)
(101,927)Franchise development fund(41,246)
(38,410)Acquisitions—
(16,854)Dispositions4,946
4,410Notes receivable, net1,383
1,949Net cash used in investing activities(129,305)
(150,832)Cash flows from financing activities:


Proceeds from long-term debt—
475,500Repayments of long-term debt(29,250)
(453,993)Repayments of finance lease liabilities(20,404)
(24,546)Deferred financing costs—
(9,671)Repurchases of common stock(77,375)
(200,766)Dividends(204,443)
(129,587)Proceeds from stock option exercises32,859
1,916Payments related to tax withholding for share-based compensation(4,485)
(2,839)Net cash used in financing activities(303,098)
(343,986)Net cash used in operations before effect of exchange rate changes on cash(77,096)
(150,275)Effect of exchange rate changes on cash(8,112)
4,339Net decrease in cash, cash equivalents and restricted cash(85,208)
(145,936)Cash, cash equivalents and restricted cash at beginning of period588,816
503,608Cash, cash equivalents and restricted cash at end of period$            503,608
$            357,672 The Wendy's Company and SubsidiariesReconciliations of Net Income to Adjusted EBITDA and Revenues to Adjusted RevenuesThree and Twelve Month Periods Ended December 29, 2024 and December 28, 2025(In Thousands)(Unaudited)

Three Months Ended
Twelve Months Ended
2024
2025
2024
2025







Net income$              47,497
$              26,481
$            194,357
$            165,075Provision for income taxes22,985
6,712
78,056
62,171Income before income taxes70,482
33,193
272,413
227,246Other income, net(5,542)
(2,320)
(24,924)
(12,621)Investment (income) loss, net—
—
(11)
1,718Loss on early extinguishment of debt, net—
642
—
642Interest expense, net31,081
32,502
123,881
126,467Operating profit96,021
64,017
371,359
343,452Plus (less):






Advertising funds revenue(114,930)
(103,347)
(458,092)
(422,085)Advertising funds expense (a)112,880
100,988
455,390
419,269Depreciation and amortization (exclusive of amortization of cloud
computing arrangements shown separately below)33,228
40,290
143,234
152,222Amortization of cloud computing arrangements4,064
5,198
14,701
18,647System optimization gains, net(646)
(704)
(1,219)
(1,030)Reorganization and realignment costs49
77
8,528
(125)Impairment of long-lived assets6,840
6,731
9,713
12,095Adjusted EBITDA$            137,506
$            113,250
$            543,614
$            522,445







Revenues$            574,273
$            542,974
$        2,246,492
$         2,176,891Less:






Advertising funds revenue(114,930)
(103,347)
(458,092)
(422,085)Adjusted revenues$            459,343
$            439,627
$        1,788,400
$         1,754,806

(a)Excludes advertising funds expense of $7,146 and $21,919 for the three and twelve months ended December 29, 2024, respectively, and $180 and $713 for the three and twelve months ended December 28, 2025, respectively, related to the Company's funding of incremental advertising. In addition, excludes other international-related advertising deficit of $187 and $827 for the three and twelve months ended December 29, 2024, respectively, and $801 and $2,570 for the three and twelve months ended December 28, 2025, respectively. The Wendy's Company and SubsidiariesReconciliation of Net Income and Diluted Earnings Per Share toAdjusted Income and Adjusted Earnings Per ShareThree and Twelve Month Periods Ended December 29, 2024 and December 28, 2025(In Thousands Except Per Share Amounts)(Unaudited)

Three Months Ended
Twelve Months Ended
2024
2025
2024
2025







Net income$              47,497
$              26,481
$            194,357
$            165,075Plus (less):






Advertising funds revenue(114,930)
(103,347)
(458,092)
(422,085)Advertising funds expense (a)112,880
100,988
455,390
419,269System optimization gains, net(646)
(704)
(1,219)
(1,030)Reorganization and realignment costs49
77
8,528
(125)Impairment of long-lived assets6,840
6,731
9,713
12,095Loss on early extinguishment of debt, net—
642
—
642Total adjustments4,193
4,387
14,320
8,766Income tax impact on adjustments (b)(1,176)
(1,280)
(3,429)
(2,488)Total adjustments, net of income taxes3,017
3,107
10,891
6,278Adjusted income$              50,514
$              29,588
$            205,248
$            171,353







Diluted earnings per share$                     .23
$                     .14
$                     .95
$                     .85Total adjustments per share, net of income taxes.02
.02
.05
.03Adjusted earnings per share$                     .25
$                     .16
$                   1.00
$                     .88

(a)Excludes advertising funds expense of $7,146 and $21,919 for the three and twelve months ended December 29, 2024, respectively, and $180 and $713 for the three and twelve months ended December 28, 2025, respectively, related to the Company's funding of incremental advertising. In addition, excludes other international-related advertising deficit of $187 and $827 for the three and twelve months ended December 29, 2024, respectively, and $801 and $2,570 for the three and twelve months ended December 28, 2025, respectively.

(b)Adjustments relate to the tax effect of non-GAAP adjustments, which were determined based on the nature of the underlying non-GAAP adjustments and their relevant jurisdictional tax rates. The Wendy's Company and SubsidiariesReconciliation of Net Cash Provided by Operating Activities to Free Cash FlowTwelve Month Periods Ended December 29, 2024 and December 28, 2025(In Thousands)(Unaudited)

Twelve Months Ended
2024
2025Net cash provided by operating activities$            355,307
$            344,543Plus (less):


Capital expenditures(94,388)
(101,927)Franchise development fund(41,246)
(38,410)Advertising funds impact (a)18,031
1,191Free cash flow$            237,704
$            205,397

(a)Advertising funds impact for 2024 and 2025 includes the net change in the restricted operating assets and liabilities of the funds of $(20,733) and $(4,007), respectively, and the advertising funds surplus included in Net Income of $2,702 and $2,816, respectively. Advertising funds impact for 2024 and 2025 excludes the Company's funding of incremental advertising of $21,919 and $713, respectively. 



View original content to download multimedia:https://www.prnewswire.com/news-releases/the-wendys-company-reports-fourth-quarter-and-full-year-2025-results-and-provides-2026-outlook-302687013.htmlSOURCE The Wendy’s Company

Original: THE WENDY'S COMPANY REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS AND PROVIDES 2026 OUTLOOK

Single Life Just Got Better: Wendy's Celebrates Singles Awareness Day with a $1 Dave's SingleFebruary 5, 2026 8:30 AM
PR Newswire (US)

Fans can snag a Dave's Single for a single (dollar) with purchase on February 15 with Wendy's app digital offerDUBLIN, Ohio, Feb. 5, 2026 /PRNewswire/ --







WHAT:
Whether fans are flying solo, celebrating independence, 'it's complicated,' or just really hungry, Wendy's® is serving up the ultimate singles celebration with a $1 Dave's Single® cheeseburger with purchase in-app offer* on Singles Awareness Day this February 15.Chocolates are out. Singles are in. The fresh, hot off the grill hamburger that started it all features a quarter pound** of fresh, never frozen beef***, topped with melted American cheese, crisp lettuce, ripe tomato, crunchy pickle, diced onion, ketchup and mayo on a toasted bun.WHEN:Available for one day only on Sunday, February 15 at participating Wendy's nationwide with the offer in the Wendy's app and Wendys.com.WHY:Forget the drama, the ghosting, the "left on read" texts. At Wendy's, we've got something that actually shows up: a Dave's Single, reliable since 1969 because it never disappoints.*Offer only available at participating U.S. Wendy's for one day only on Sunday, 2/15. Offer must be redeemed in the Wendy's App. App download and account registration required. See offer in the Wendy's app for further details.**Approximate weight before cooking.***Fresh beef available in the contiguous U.S. and Alaska, as well as Canada, Mexico, Puerto Rico, the UK, and other select international markets. 










View original content to download multimedia:https://www.prnewswire.com/news-releases/single-life-just-got-better-wendys-celebrates-singles-awareness-day-with-a-1-daves-single-302679771.htmlSOURCE The Wendy's Company

Original: Single Life Just Got Better: Wendy's Celebrates Singles Awareness Day with a $1 Dave's Single

The Wendy's Company is Recruiting Franchisees to Accelerate Growth in Tijuana, Mexico

January 29 2026 - 9:24AM

PR Newswire (US)

Brand seeks an experienced franchise partner for development in Tijuana and the broader Baja California region and will host a franchise recruiting event in San Diego, CA on Tuesday, February 10

DUBLIN, Ohio, Jan. 28, 2026 /PRNewswire/ -- Wendy's®, the iconic global quick-service restaurant (QSR) brand, announced it's continuing to accelerate growth across Mexico as the Company seeks an experienced franchise partner to develop Wendy's restaurants in Tijuana, and the Mexican state of Baja California. With more than 40 Wendy's restaurants already operating in the country, Mexico remains a strategic hub for Wendy's international expansion.

Wendy's views Mexico as a high-potential growth market with the long-term capacity to support more than 400 restaurants nationwide. As part of its accelerated expansion strategy, the brand has identified Tijuana as a priority development hub, offering compelling opportunities for scale and continued brand expansion.

"Mexico stands among Wendy's most important international growth markets, and our focused investments in marketing, supply chain, and local resources are enabling us to scale in the country with exceptional momentum. Tijuana and the broader Baja California region present significant potential, and we are eager to partner with franchisees who share our dedication to fresh, high-quality food and delivering the hospitality that sets Wendy's apart." – Carlos Ribas, SVP, Managing Director – LAC Region, The Wendy's Company

Since 1969, Wendy's has earned its place as one of the world's most iconic QSR brands, known for its unwavering approach to serving fresh, high-quality food, like its famous square hamburgers, the Spicy Chicken Sandwich and nuggets, and the iconic Frosty® treat. Franchising with Wendy's provides a unique opportunity to be part of a bold, global expansion backed by a proven business model, strong brand recognition, and a commitment to operational excellence.

Wendy's Day Franchise Recruiting Event

Wendy's is actively recruiting a franchise partner to build and operate new restaurants in Tijuana and across the state of Baja California, Baja California Sur, and Sonora, as these regions have strong consumer demand and significant untapped potential.

On Tuesday, February 10, Wendy's will host an event in San Diego, California for prospective franchisees, featuring interviews, restaurant tours, and brand education sessions. Interested franchise candidates can email internationalfranchising@wendys.com for more information and to register for the event. Visit Wendy's International franchising website to learn more about opportunities to grow with the brand.

Strong Growth Opportunities in Mexico

To support rapid growth in Mexico, Wendy's has laid a strong foundation for new unit expansion. The state of Chihuahua, where Wendy's has been serving customers for more than 30 years, continues to be a standout market, demonstrating sustained momentum and strong leadership within the QSR burger category.

Wendy's has also made key strategic investments to support continued growth in the market. These include strengthening market execution by investing in local marketing and supply chain resources, approving local suppliers, and taking steps to help ensure consistent delivery of fresh beef and high-quality menu items across Mexico. Additionally, a newly launched national marketing fund is helping drive brand awareness, while technology upgrades are fueling digital growth and enhancing the customer experience.

Wendy's continues to actively recruit franchise partners to build and operate new restaurants in key regions across Mexico. Growing with Wendy's is an attractive opportunity for experienced and well-established franchise candidates in Mexico:

Wendy's has more than 30 years of history in Mexico, and in areas where Wendy's is already established, 71% of consumers have tried the brand, reflecting strong local engagement.

In regions where Wendy's has yet to open a restaurant, Wendy's holds 92% awareness and a 46% trial rate, indicating high consumer interest and potential for growth.

Wendy's signature products are also widely recognized: in new trade areas, over 70% of consumers are familiar with iconic items like the Baconator® and Wendy's Frosty®. This strong brand recognition and consumer demand underscore the opportunity for Wendy's to expand its footprint across Mexico.

ABOUT WENDY'S:

The Wendy's Company and Wendy's® franchisees employ hundreds of thousands of people across more than 7,250 restaurants worldwide, with more than 1,350 of these located outside of the United States. Founded in 1969, Wendy's is committed to the promise of Fresh Famous Food, Made Right, For You, delivered to customers through its craveable menu including made-to-order square hamburgers using fresh beef*, and fan favorites like the Spicy Chicken Sandwich and nuggets, Baconator®, and Wendy's Frosty® dessert. Learn more at www.wendys.com. For details on franchising, visit https://www.wendys.com/franchising/international. Connect with us on Facebook and Instagram.

*Fresh beef available in the contiguous U.S. and Alaska, as well as Canada, Mexico, Puerto Rico, the UK, and other select international markets.



Cision View original content:https://www.prnewswire.com/news-releases/the-wendys-company-is-recruiting-franchisees-to-accelerate-growth-in-tijuana-mexico-302674072.html

SOURCE The Wendy's Company


Copyright 2026 PR Newswire

I'm long the "Maple Bacon Chicken Croissant" 💥

The Dramatic Downfall Of Wendy's Restaurant

Wendy's May Not Be Around Much Longer & It's Clear Why

*** I took the other side of the trade.

So I recently bought WEN as a longshot. I like the "mom and daughter" theme and it has a history. It looks like it's at fair value at this time. I admit I have been supporting the company with my once-a-week purchases. The food is good and the salads are fresh.

Go WEN 2026!

What's happening to Wendy's?

Year chart is terrible. I remember getting fired because of hanging from the overhead bar at the drive thru and throwing trash bags into the dumpster from a 25 foot distance

Buy the Bull!

Not sure what’s going on, people might be staying away from these unhealthy food chains ? I’m not sure $8 is a good entry point!

WEN, new 52+week low

I've haven't experienced much problems at my local Wendy's either using mobile app or drive thru. Taco Bell is the worst in my area. Confirmed that with some food delivery guys the other day. I sometimes go to fast food places during my 1/2 hour lunch break 

The problem is service, most Wendy’s service is terrible ! If they had service levels equivalent to McDonald’s they would kill it. Takes forever to get your food, I find this to be true in 70% of Wendy’s when traveling. Why management hasn’t identified this is mind boggling!

The current CEO of the company was just on CNBC. Talked about growth/expansion. My wife & I recently ate there. There were only two others there, it was lunch time, the Arby's, McDs, Burger King were packed. I don't have equity in WEN, but I'd concentrate on marketing instead of expansion.

I'm curious what your issue with the Flynn Group is.

The hotel I worked at for many years was sold by Apple Reit a few years back in a package deal to the Flynn Group. They already owned thousands of restaurant franchises at the time, which is what they were known for, but they also had a handful of upscale resorts that could cost vacationers north of 10K a night at some of them. When we were bought out, we never heard of any type of benefits from them, and even though we actually worked for a management company, at least with Apple Hospitality we had a discount at their properties.

The problem with Flynn was noticeable. They had zero experience with the the type of hotel I worked for, and when something broke down or needed fixing, there had to be multiple bids placed, where management had to wait on Flynn to approve. We once had the kitchen's oven broken for between four and six months, and we were expected to serve the guests microwaved breakfast. If you can imagine what the guests thought of their microwaved sausage, potatoes etc.... it was gross. Now the eggs come in a bag and were typically microwaved anyway, but meats just taste like rubber when you microwave them. The breakfast attendant didn't come in many times, and so I was expected to be the "cook", and I grew tired of that bullshit. Even worse was that we were all chastised by management for telling the guest the truth, and not lying to them. Literally everything ends up in a survey, and employees get blamed for everything while management and ownership get a pass. I eventually quit and moved on. Apple Hospitality wasn't as bad as Flynn, but they had their issues as well.

Time to break Greg Flynn's and Newsom's bank accounts and not let them break yours.

Personally, I have boycotted Wendy's, especially after my bad experiences in the past with Wendy's. I'm not stating this out of disgruntlement, I just state the fact and the truth. And, now, even moreso, I would boycott Wendy's and anything and anyone associated with the company(ies) that are tied to Greg Flynn and Newsom. Even Taco Bell and/or any other franchise Greg Flynn is associated with.

You've been saying that for 3 years lol

Look at news release and this is the burger chain

Is this the burger chain

Love me some WEN

This better beat in the morning for the sake of my calls

W E N $50 TARGET PRICE WOOHOOOOOO

And another day same story lol

And still falling pos?? Imo

And the fall continues??

Don’t be jelly…

BAWHAHAHA

Just wow good company and yet the analysts battered it? Imo

Sure I just happens to guess the exact amount of options. ihub is so great with pumpers

Ummm…

That’s how many I had.