Wendy's Company (the) · NASDAQ:WEN
Wendy's Company (the) — Q2 2025 Earnings Presentation
27 slides from Wendy's Company (the)'s earnings presentation, Aug 8, 2025
Slide 1: Second Quarter 2025 Conference Call
Wendys Second Quarter 2025 Conference Call August 8, 2025
Slide 2: Aaron Broholm, Head of Investor Relations
Wendys Aaron Broholm Head of Investor Relations
Slide 3: Agenda
Agenda Business Update Q2 Financial Results 2025 Financial Outlook IR Calendar Q&A THE WENDY'S COMPANY | 3
Slide 4: Forward-looking statements disclaimer
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 of 1995 (the “Reform Act”). For all such forward-looking s
Slide 5: Ken Cook, Interim CEO
KEN COOK INTERIM CEO
Slide 6: Our Strong Foundation
OUR STRONG FOUNDATION with Highest Quality Food in Q@SR ion for More than 55 years d U.S. Territories with Significant nt ployees Passionate About the Long- Million of Cash on Balance Sheet, DA and Significant FCF Generation
Slide 7: International growth highlights
8%+ International Systemwide Sales Growth YoY 23%+ International Segment Profit Growth YoY ()) THE WENDY'S COMPANY | 7
Slide 8: Key Actions to Improve U.S. Sales in 2H
KEY ACTIONS TO IMPROVE U.S. SALES IN 2H Leveraging NEW DATA ANALYTICS CAPABILITIES to Improve Insights and Respond More Effectively to Changing Consumer Behavior REDUCING PROGRAMMING COMPLEXITY and INCREASING FOCUS to Improve Execution Unlock Our Full Potential as ONE WENDY’S with a Focus on Strengt
Slide 9: Q2 2025 Results Summary
Q2 2025 RESULTS SUMMARY 118 New Restaurants Globally YTD .8%) and Global SRS Declined (2.9%) and SRS Declined (3.6%) h of 8.7% and SRS Growth of 1.8% s via Dividends & Share Repurchases
Slide 10: Delivering Against Long-Term Strategy: Fresh, Famous Food
DELIVERING AGAINST LONG-TERM STRATEGY FRESH, FAMOUS FOOD Launched New Frosty Platf Hie SAUCES Sales +30% YoY in Q2 Launched Collaboration wit Wednesday featuring “Mea iy Launched Beverage Innova’ Foam and Sparkling Energ Launching Chicken Tenders Sauces in Q4 PINEAPPLE CITRUS { SPARKLING 'D FOAM MAK
Slide 11: Delivering Against Long-Term Strategy: Exceptional Customer Experience
DELIVERING AGAINST LONG-TERM STRATEGY EXCEPTIONAL CUSTOMER EXPERIENCE FreshAi Order Recommendat Improving Customer Experie Fully Staffed U.S. Field Team Progress on Restaurant Asse Digital Ecosystem Driving Lo’ and Supporting Global Digita Ry
Slide 12: Accelerate
ACCELERATE e 2025 Net Unit aurants Globally; 118 lobally YTD lopment Agreements Jutside the U.S. 12
Slide 13: At Wendy's, our focus is on serving the customer
At Wendy’s, our focus is on serving the and creating a for our customers. Dave Homa
Slide 14: Presenter introduction: Suzie Thuerk
Slide 15: Q2 financial update
$ Mils (except per share amounts) UPDATE THE WENDY'S COMPANY | 15
Slide 16: Second Quarter CapEx and Free Cash Flow
SECOND QUARTER CAPEX AND FREE CASH FLOW Q2 CapEx and Build-to-Suit Investments $10.0M $6.2M $10.7M Technology Initiatives Development of Build-to-Suit Company-Operated Restaurants B/(W) $112.9M | $109.5M | ($3.4M) YTD Free Cash Flow' 1Beginning with the three months ended March 30, 2025, the Company
Slide 17: Second Quarter Capital Allocation
SECOND QUARTER CAPITAL ALLOCATION Q2 Share Repurchases Q3 Dividend 4.8M Shares $0.14/share On track to return approximately $325M to shareholders in 2025
Slide 18: U.S. & Canadian Franchisee Sales & EBITDA Growth
U.S. & CANADIAN FRANCHISEE SALES & EBITDA GROWTH VS 2023 2024 FRANCHISE ECONOMICS Net Sales Growth Franchisee EBITDA Growth vs. 2023 vs. 2023 US +1% US +2% Canada +4% Canada +12%
Slide 19: 2025 Outlook
2025 OUTLOOK Net Unit Growth Global Systemwide Sales Growth Adjusted EBITDA Adjusted EPS Free Cash Flow! Capital Expenditures and Franchise Development Fund Investments (5.0%) to (3.0%) $505M to $525M $0.82 to $0.89 Prior Definition: $225M to $240M Updated Definition:$160M to $175M' $165M to $175M 1
Slide 20: Aaron Broholm, Head of Investor Relations
Wendys Aaron Broholm Head of Investor Relations
Slide 21: Investor Relations Calendar
Investor Relations Calendar September 18th: NDR with JPM (NYC) September 24th: NDR with Truist (Boston)
Slide 22: Q&A
Slide 23: Appendix
APPENDIX
Slide 24: Non-GAAP financial measures note
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 measures exclude certain expenses and benefits
Slide 25: Reconciliations of Net Income to Adjusted EBITDA
RECONCILIATIONS OF NET INCOME TO ADJUSTED EBITDA AND REVENUE TO ADJUSTED REVENUES The Wendy's Company and Subsidiaries Reconciliations of Net Income to Adjusted EBITDA and Revenues to Adjusted Revenues ‘Three and Six Month Periods Ended June 30, 2024 and June 29, 2025 (In Thousands) (Unaudited) ‘Thr
Slide 26: Reconciliation of Net Income to Adjusted Income and EPS
The Wendy's Company and Subsidiaries Reconciliation of Net Income and Diluted Earnings Per Share to Adjusted Income and Adjusted Earnings Per Share Three and Six Month Periods Ended June 30, 2024 and June 29, 2025 (In Thousands Except Per Share Amounts) (Unaudited) ‘Three Months Ended Six Months End
Slide 27: Reconciliation of Operating Cash Flow to Free Cash Flow
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW The Wendy’s Company and Subsidiaries Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow Six Month Periods Ended June 30, 2024 and June 29, 2025 (in Thousands) (Unaudited) Six Months Ended 2024 20
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