Company research
Wendy's Co
CIK 30697Updated Sep 27, 2026
SecurityWEN · NASDAQ · equity
Name history
WENDY'S/ARBY'S GROUP, INC. · through Jun 27, 2011TRIARC COMPANIES INC · through Sep 25, 2008
WEN price & chart
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NASDAQ:WEN on TradingView ↗About the company
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.
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 4,956,561,000Source | 5,034,843,000Source | 5,182,826,000Source | 5,101,391,000Source |
| Property, Plant and Equipment, NetUSD | 937,795,000Source | 907,787,000Source | 891,080,000Source | 906,867,000Source |
| GoodwillUSD | 774,088,000Source | 771,468,000Source | 773,727,000Source | 775,278,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 1,170,671,000Source | 1,192,264,000Source | 1,219,129,000Source | 1,280,791,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 300,833,000Source | 450,512,000Source | 516,037,000Source | 249,438,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 104,957,000Source | 86,836,000Source | 104,797,000Source | 101,515,000Source |
| Inventory, NetUSD | 7,387,000Source | 6,529,000Source | 6,690,000Source | 5,934,000Source |
| Assets, CurrentUSD | 618,039,000Source | 736,140,000Source | 837,653,000Source | 592,849,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 55,412,000Source | 45,563,000Source | 39,640,000Source | 30,584,000Source |
| Operating Lease, Right-of-Use AssetUSD | 642,589,000Source | 679,777,000Source | 705,615,000Source | 812,620,000Source |
| Other Assets, NoncurrentUSD | 190,417,000Source | 185,399,000Source | 178,577,000Source | 139,130,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 4,839,178,000Source | 4,775,491,000Source | 4,873,047,000Source | 4,664,986,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 47,042,000Source | 47,042,000Source | 47,042,000Source | 47,042,000Source |
| Additional Paid in CapitalUSD | 2,986,150,000Source | 2,982,102,000Source | 2,960,035,000Source | 2,898,633,000Source |
| Retained Earnings (Accumulated Deficit)USD | 435,124,000Source | 399,700,000Source | 409,863,000Source | 344,198,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -63,968,000Source | -74,753,000Source | -58,375,000Source | -48,200,000Source |
| Stockholders' Equity Attributable to ParentUSD | 117,383,000Source | 259,352,000Source | 309,779,000Source | 436,405,000Source |
| Liabilities and EquityUSD | 4,956,561,000Source | 5,034,843,000Source | 5,182,826,000Source | 5,101,391,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 351,101,000Source | 397,631,000Source | 381,930,000Source | 426,925,000Source |
| Operating Lease, Liability, CurrentUSD | 51,119,000Source | 50,068,000Source | 49,353,000Source | 47,315,000Source |
| Accounts Payable, CurrentUSD | 30,450,000Source | 28,455,000Source | 27,370,000Source | 41,163,000Source |
| Operating Lease, Liability, NoncurrentUSD | 660,257,000Source | 704,333,000Source | 739,340,000Source | 853,328,000Source |
| Deferred Income Tax Liabilities, NetUSD | 287,753,000Source | 263,420,000Source | 270,353,000Source | 267,710,000Source |
| Other Liabilities, NoncurrentUSD | 74,894,000Source | 84,227,000Source | 89,711,000Source | 112,918,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 116,655,000Source | 118,224,000Source | 135,149,000Source | 140,783,000Source |
| Deferred Tax Liabilities, NetUSD | 287,753,000Source | 263,420,000Source | 270,353,000Source | 267,710,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 29,750,000Source | 78,163,000Source | 29,250,000Source | 24,250,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 2,730,502,000Source | 2,662,130,000Source | 2,732,814,000Source | 2,356,416,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 152,222,000Source | 143,234,000Source | 135,789,000Source | 125,540,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 14,573,000Source | 23,019,000Source | 23,747,000Source | 22,019,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 19,174,000Source | 5,158,000Source | -430,000Source | 5,613,000Source |
| Increase (Decrease) in InventoriesUSD | 473,000Source | -138,000Source | -439,000Source | 872,000Source |
| Increase (Decrease) in Accounts PayableUSD | -8,927,000Source | 1,026,000Source | -8,826,000Source | 7,586,000Source |
| Deferred Income Tax Expense (Benefit)USD | 23,461,000Source | -5,529,000Source | -807,000Source | -13,781,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 344,543,000Source | 355,307,000Source | 345,416,000Source | 345,772,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 16,854,000Source | — | 0Source | 123,069,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -150,832,000Source | -129,305,000Source | -86,546,000Source | -154,669,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 2,839,000Source | 4,485,000Source | 3,873,000Source | 4,511,000Source |
| Payments for Repurchase of Common StockUSD | 200,766,000Source | 77,375,000Source | 189,554,000Source | 268,531,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -343,986,000Source | -303,098,000Source | -504,303,000Source | -242,742,000Source |
| Dividends paid | — | — | — | — |
| Repayments of Long-term DebtUSD | 453,993,000Source | 29,250,000Source | 94,702,000Source | 970,344,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -145,936,000Source | -85,208,000Source | -242,985,000Source | -51,275,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 357,672,000Source | 503,608,000Source | 588,816,000Source | 366,966,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 145,819,000Source | 145,253,000Source | 146,878,000Source | 133,284,000Source |
| Income Taxes Paid, NetUSD | 49,114,000Source | 73,600,000Source | 75,190,000Source | 54,779,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 4,339,000Source | -8,112,000Source | 2,448,000Source | 364,000Source |
| Additional Financial Items | ||||
| Accretion ExpenseUSD | 657,000Source | 675,000Source | 755,000Source | 1,177,000Source |
| Share-based Payment Arrangement, ExpenseUSD | 14,573,000Source | 23,019,000Source | 23,747,000Source | 22,019,000Source |
| Amortization of Debt Issuance CostsUSD | 6,824,000Source | 6,804,000Source | 6,848,000Source | 5,664,000Source |
| Amortization of Intangible AssetsUSD | 62,565,000Source | 62,255,000Source | 59,356,000Source | 55,236,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | — | — | — | 0Source |
| Gain (Loss) on Sale of InvestmentsUSD | 0Source | 0Source | 31,000Source | 63,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 1,030,000Source | 1,219,000Source | 880,000Source | 33,545,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | -642,000Source | 0Source | 2,283,000Source | -17,917,000Source |
| General and Administrative ExpenseUSD | 252,679,000Source | 255,208,000Source | 249,964,000Source | 242,970,000Source |
| GoodwillUSD | 774,088,000Source | 771,468,000Source | 773,727,000Source | 775,278,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | 11,203,000Source |
| Income Tax Expense (Benefit)USD | 62,171,000Source | 78,056,000Source | 74,978,000Source | 40,186,000Source |
| InterestExpenseNonoperatingUSD | 126,467,000Source | 123,881,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 165,075,000Source | 194,357,000Source | 204,440,000Source | 200,392,000Source |
| Operating Lease, Lease IncomeUSD | — | — | — | 236,655,000Source |
| Other Nonoperating Income (Expense)USD | 12,621,000Source | 24,924,000Source | 29,570,000Source | 681,000Source |
| Other Operating Income (Expense), NetUSD | 22,073,000Source | 11,513,000Source | 13,768,000Source | 14,468,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 475,500,000Source | 0Source | 0Source | 1,100,000,000Source |
| Proceeds from Stock Options ExercisedUSD | 1,916,000Source | 32,859,000Source | 14,667,000Source | 30,003,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 1,088,000Source | 1,000,000Source | -414,000Source | -335,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | 2,176,891,000Source | 2,246,492,000Source | 2,181,578,000Source | 1,896,998,000Source |
| Cost of RevenueUSD | 791,724,000Source | 783,211,000Source | 794,493,000Source | 611,680,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | 343,452,000Source | 371,359,000Source | 381,984,000Source | 366,960,000Source |
| Other Nonoperating Income (Expense)USD | 12,621,000Source | 24,924,000Source | 29,570,000Source | 681,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 227,246,000Source | 272,413,000Source | 279,418,000Source | 240,578,000Source |
| Income Tax Expense (Benefit)USD | 62,171,000Source | 78,056,000Source | 74,978,000Source | 40,186,000Source |
| Net Income (Loss) Attributable to ParentUSD | 165,075,000Source | 194,357,000Source | 204,440,000Source | 200,392,000Source |
| Earnings Per Share, BasicUSD per share | 0.85Source | 0.95Source | 0.98Source | 0.91Source |
| Earnings Per Share, DilutedUSD per share | 0.85Source | 0.95Source | 0.97Source | 0.89Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 193,406,000Source | 204,351,000Source | 209,486,000Source | 221,375,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 194,032,000Source | 205,614,000Source | 211,534,000Source | 224,405,000Source |
| Interest Expense (non-operating)USD | 126,467,000Source | 123,881,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 62,565,000Source | 62,255,000Source | 59,356,000Source | 55,236,000Source |
| Costs and ExpensesUSD | 1,833,439,000Source | 1,875,133,000Source | 1,799,594,000Source | 1,530,038,000Source |
| Current Income Tax Expense (Benefit)USD | 38,710,000Source | 83,585,000Source | 75,785,000Source | 53,967,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | — | — | — | 0Source |
| General and Administrative ExpenseUSD | 252,679,000Source | 255,208,000Source | 249,964,000Source | 242,970,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 210,514,000Source | 254,309,000Source | 264,423,000Source | 228,756,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | 11,203,000Source |
| Interest ExpenseUSD | — | — | 124,061,000Source | 109,185,000Source |
| Investment Income, NetUSD | -1,718,000Source | 11,000Source | -10,358,000Source | 39,000Source |
| Operating Lease, Lease IncomeUSD | — | — | — | 236,655,000Source |
| Other Operating Income (Expense), NetUSD | 22,073,000Source | 11,513,000Source | 13,768,000Source | 14,468,000Source |
Filing attachments
d130352dex991.htm · 8-K · 2026-08-07
EX-99.1 2 d130352dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 THE WENDY’S COMPANY REPORTS SECOND QUARTER 2026 RESULTS New leadership shares initial assessment while formulating comprehensive turnaround plan Generated revenue of $571 million and global systemwide sales of approximately $3.4 billion Generated net income of $32.6 million and adjusted EBITDA of $124.1 million Company withdraws 2026 outlook and announces a reduction in its dividend to support the turnaround Dublin, Ohio (August…
Read attachment ↗d158135dex991.htm · 8-K · 2026-06-23
EX-99.1 2 d158135dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 THE WENDY’S COMPANY NAMES STEVE CIRULIS CHIEF FINANCIAL OFFICER AND CHIEF STRATEGY OFFICER Cirulis to Succeed Ken Cook Effective June 23 DUBLIN, Ohio, June 23, 2026/PRNewswire/ - The Wendy’s Company (Nasdaq: WEN) today announced the appointment of Steve Cirulis as Chief Financial Officer and Chief Strategy Officer, effective June 23, 2026. He will report to President and Chief Executive Officer Bob Wright and serve on Wendy’s Seni…
Read attachment ↗d122885dex991.htm · 8-K · 2026-05-20
EX-99.1 2 d122885dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE Wendy’s Appoints Robert D. “Bob” Wright as President and Chief Executive Officer DUBLIN, Ohio, May 20, 2026 - The Wendy’s Company (Nasdaq: WEN) (“Wendy’s” or the “Company”) today announced that its Board of Directors has appointed Robert D. “Bob” Wright as Wendy’s President and Chief Executive Officer, effective May 21, 2026. He will also join the Company’s Board of Directors. Mr. Wright brings extensive lead…
Read attachment ↗d70702dex991.htm · 8-K · 2026-05-08
EX-99.1 2 d70702dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 THE WENDY’S COMPANY REPORTS FIRST QUARTER 2026 RESULTS 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 million Reported diluted earnings per share and adjusted earnings per share were $0.12 Entered into a franchise agreement to build up to 1,000 restaurants across China Reaffirms full-year 2026 …
Read attachment ↗d89083dex991.htm · 8-K · 2026-02-18
EX-99.1 2 d89083dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 The Wendy’s Company Comments on Amended 13D Filing from Trian Partners DUBLIN, Ohio - February 18, 2026 - 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 …
Read attachment ↗d81721dex991.htm · 8-K · 2026-02-13
EX-99.1 2 d81721dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 THE WENDY’S COMPANY REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS AND PROVIDES 2026 OUTLOOK 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 …
Read attachment ↗