THE WENDY'S COMPANY REPORTS SECOND QUARTER 2026 RESULTS

About this update from Wendy's Company (the)

New leadership shares initial assessment while formulating comprehensive turnaround planGenerated revenue of $571 million and global systemwide sales of approximately $3.4 billionGenerated net income of $32.6 million and adjusted EBITDA of $124.1 millionCompany withdraws 2026 outlook and announces a reduction in its dividend to support the turnaround DUBLIN, Ohio, Aug. 7, 2026 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) today reported unaudited results for the second quarter ended June 28, 2026.Key highlights for the quarter ended June 28, 2026, compared to June 29, 2025: Global systemwide sales decreased 6.5%, driven by an 8.2% decline in the U.S., partially offset by 3.4% growth in internationalU.S. same-restaurant sales decreased 7.0% and international same-restaurant sales decreased 2.3%Net income was $32.6 million and adjusted EBITDA was $124.1 millionReported diluted earnings per share was $0.17 and adjusted earnings per share was $0.18Net cash provided by operating activities was $160.0 million for the first half of the year and free cash flow was $120.3 million for the first half of the year"Wendy's is an iconic brand with exceptional assets. Today we are clearly not performing at our potential. I returned to Wendy's because I believe we can fix our issues and I am excited to work with our team and our franchisees to drive a strong turnaround," said Bob Wright, President and Chief Executive Officer of The Wendy's Company. "Our traffic, our value proposition and franchisee economics are not meeting our expectations. We have already begun taking action across five areas that we've identified to drive the turnaround: rebuilding a quality menu at compelling value, marketing that drives demand, operational excellence, a digital experience that builds frequency, and restaurants as an engine for growth. We are updating our capital allocation to provide flexibility to support our turnaround across these actions and fund our plan for growth. Wendy's quality heritage provides a strong foundation for the turnaround and I am confident we can translate that equity into a proposition that's relevant to today's fast-evolving QSR landscape."Operational Highlights20252026Second QuarterUS Intl Global  US Intl Global  Systemwide Sales Growth (1) (2)(3.3) %8.7 %(1.8) %(8.2) %3.4 %(6.5) %Same-...

View stock analysis, news, and events for Wendy's Company (the)