Wendy's Company (the) · NASDAQ:WEN
Wendy's Company (the) — Q2 2026 Earnings Presentation
23 slides from Wendy's Company (the)'s earnings presentation, Aug 7, 2026
Slide 1: Second Quarter 2026 Conference Call
SECOND QUARTER 2026 CONFERENCE CALL August 7, 2026 Q2 2026 EARNINGS PRESENTATION 1
Slide 2: Welcome
WELCOME AARON BROHOLM Head of Investor Relations Q2 2026 EARNINGS PRESENTATION 2
Slide 3: Forward-Looking Statements and Non-GAAP Financial Measures
FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES This presentation, and certain information that management may discuss in connection with this presentation, contains certain statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act
Slide 4: Business Update
BUSINESS UPDATE BOB WRIGHT President & Chief Executive Officer Q2 2026 EARNINGS PRESENTATION 4
Slide 5: Introducing Bob Wright, President and CEO
INTRODUCING BOB WRIGHT, PRESIDENT AND CEO Most recently served as President and Chief Executive Officer of Potbelly Sandwich Works Previous experience in multiple senior leadership roles at Wendy's, including as Executive Vice President, Chief Operations Officer and International Strong track record
Slide 6: Our Differentiated Brand Provides a Strong Foundation for the Turnaround
OUR DIFFERENTIATED BRAND PROVIDES A STRONG FOUNDATION FOR THE TURNAROUND OUR TODAY’S TOMORROW’S HERITAGE OPPORTUNITY POTENTIAL We were built on a …but we are not We plan to restore foundation of quality performing to our performance by in everything we do… standard. executing on our strategic focus
Slide 7: Q2 2026 Results
Q2 2026 RESULTS Challenging quarter, clear opportunity ahead (6.5%) Global systemwide sales Customer U.S. systemwide Satisfaction customer satisfaction scores improved (7.0%) U.S. same-restaurant sales Company-Operated Outperformed the (2.3%) Int’l same-restaurant sales Restaurants broader system in
Slide 8: Early Observations
EARLY OBSERVATIONS DRIVERS OF UNDERPERFORMANCE … Quality Compelling value Consistent Marketing that differentiation platform restaurant-level leverages Wendy’s execution brand equity ... TURNAROUND OPPORTUNITIES ARE WITHIN OUR CONTROL Q2 2026 EARNINGS PRESENTATION 8
Slide 9: Our Strategic Focus Areas
OUR STRATEGIC FOCUS AREAS 1 Strengthening our menu with quality food at compelling value 2 Distinct branding and marketing that drives demand 3 Driving operational excellence that delights customers 4 Creating a digital experience that builds frequency 5 Leveraging our restaurants as the engine for
Slide 10: Taking Action to Support the Turnaround
TAKING ACTION TO SUPPORT THE TURNAROUND Formulate comprehensive Align the organization turnaround plan Establish a clear roadmap for restoring Enhance existing and building new sustainable growth and value creation capabilities to support the work ahead Allocate capital for investment Execute and de
Slide 11: Financial Results
FINANCIAL RESULTS STEVE CIRULIS Chief Financial Officer & Chief Strategy Officer Q2 2026 EARNINGS PRESENTATION 11
Slide 12: Introducing Steve Cirulis, Chief Financial Officer & Chief Strategy Officer
INTRODUCING STEVE CIRULIS, CHIEF FINANCIAL OFFICER & CHIEF STRATEGY OFFICER Most recently served as Chief Financial Officer and Chief Strategy Officer of Potbelly Sandwich Works Previous experience in multiple senior leadership roles at Panera Bread, McDonald’s Corporation and Gap, Inc. Deep experti
Slide 13: Q2 2026 Financial Results
Q2 2026 FINANCIAL RESULTS $ Millions (except per share amounts) 2026 2025 B/(W) Global Systemwide Sales Growth (6.5)% (1.8)% 2-Yr (8.3)% Global System SRS (6.3)% (2.9)% 2-Yr (9.2)% U.S. Company-Operated Restaurant Margin 13.8% 16.2% (240)bps G&A $66.2 $59.5 (11.3)% Adjusted EBITDA 1 $124.1 $146.6 (1
Slide 14: Capital Allocation
CAPITAL ALLOCATION 1 2 3 4 CONTINUE TO PAY AN MAINTAIN A UTILIZE INVEST IN ATTRACTIVE STRONG EXCESS THE DIVIDEND BALANCE CASH TO BUSINESS SHEET REPURCHASE FOR GROWTH SHARES Announced quarterly dividend payment of $0.07 per share Q2 2026 EARNINGS PRESENTATION 14
Slide 15: 2026 Outlook
2026 OUTLOOK KEY CONSIDERATIONS WITHDRAWING Back-half sales trends expected to remain consistent with Q2 performance FULL-YEAR 2026 OUTLOOK Ongoing traffic headwinds expected to constrain systemwide sales growth as new leadership reviews Pressure on Company-operated restaurant the business and
Slide 16: Closing Comments
CLOSING COMMENTS Wendy’s remains an iconic brand built on quality, talented people and committed franchisees We have been deliberate in our diagnosis, and we have a deep understanding of the issues We have identified five key focus areas that support the turnaround and drive sustainable growth and l
Slide 17: Second Quarter 2026 Conference Call
SECOND QUARTER 2026 CONFERENCE CALL August 7, 2026 Q2 2026 EARNINGS PRESENTATION 17
Slide 18: Appendix
APPENDIX Q2 2026 EARNINGS PRESENTATION 18
Slide 19: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES In addition to the GAAP financial measures included in this presentation, the Company has presented certain non-GAAP financial measures (i.e., adjusted revenues, adjusted EBITDA, adjusted earnings per share and free cash flow). These non-GAAP financial m
Slide 20: Reconciliations of Net Income to Adjusted EBITDA and Revenues to Adjusted Revenues
RECONCILIATIONS OF NET INCOME TO ADJUSTED EBITDA AND REVENUES TO ADJUSTED REVENUES Q2 2026 EARNINGS PRESENTATION 20
Slide 21: Reconciliation of Net Income and Diluted EPS to Adjusted Income and Adjusted EPS
RECONCILIATION OF NET INCOME AND DILUTED EARNINGS PER SHARE TO ADJUSTED INCOME AND ADJUSTED EARNINGS PER SHARE Q2 2026 EARNINGS PRESENTATION 21
Slide 22: Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW Q2 2026 EARNINGS PRESENTATION 22
Slide 23: Additional Information
ADDITIONAL INFORMATION Aaron Broholm Head of Investor Relations InvestorRelations@wendys.com Phone: (614) 764-3345 Investor Relations Website www.irwendys.com Q2 2026 EARNINGS PRESENTATION 23
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