Earnings summaries and quarterly performance for Wendy's.
Executive leadership at Wendy's.
Ken Cook
Detailed
Interim Chief Executive Officer and Chief Financial Officer
CEO
CO
Coley O'Brien
Chief People Officer
EW
E.J. Wunsch
President, International
JM
John Min
Chief Legal Officer and Secretary
LE
Liliana Esposito
Chief Corporate Affairs & Sustainability Officer
LR
Lindsay Radkoski
Chief Marketing Officer, U.S.
MS
Matthew Spessard
Chief Information Officer
PS
Pete Suerken
President, U.S.
ST
Suzie Thuerk
Chief Accounting Officer
Board of directors at Wendy's.
AW
Arthur Winkleblack
Detailed
Chairman of the Board
BP
Bradley Peltz
Detailed
Director
KD
Kristin Dolan
Detailed
Director
MC
Michelle Caruso-Cabrera
Detailed
Director
MM
Michelle Mathews-Spradlin
Detailed
Director
PM
Peter May
Detailed
Senior Vice Chairman
PR
Peter Rothschild
Detailed
Director
RG
Richard Gomez
Detailed
Director
WA
Wendy Arlin
Detailed
Director
Research analysts who have asked questions during Wendy's earnings calls.
Brian Mullan
Piper Sandler
4 questions for WEN
Also covers: BJRI, BLMN, BROS +18 more
Danilo Gargiulo
AllianceBernstein
4 questions for WEN
Also covers: CAVA, CMG, DPZ +7 more
DP
David Palmer
Evercore ISI
4 questions for WEN
Also covers: BGS, BRBR, CAG +21 more
DG
Dennis Geiger
UBS
4 questions for WEN
Also covers: BLMN, BROS, CAKE +18 more
JT
Jon Tower
Citigroup
4 questions for WEN
Also covers: BJRI, BLMN, CAKE +17 more
AC
Andrew Charles
TD Cowen
3 questions for WEN
Also covers: BROS, CAVA, CMG +13 more
CO
Christopher O'Cull
Stifel, Nicolaus & Company
3 questions for WEN
Also covers: BROS, CAVA, CMG +13 more
JB
Jeffrey Bernstein
Barclays
3 questions for WEN
Also covers: BJRI, BLMN, BROS +22 more
RK
Rahul Krotthapalli
JPMorgan Chase & Co.
3 questions for WEN
Also covers: BROS, CAKE, CAVA +8 more
BB
Brian Bittner
Oppenheimer & Co.
2 questions for WEN
Also covers: BJRI, CAKE, CMG +11 more
Brian Harbour
Morgan Stanley
2 questions for WEN
Also covers: BLMN, BROS, CAKE +21 more
HJ
Hyun Jin Cho
Goldman Sachs
2 questions for WEN
Also covers: CMG, DRI, EAT +6 more
JB
Jake Bartlett
Truist Securities
2 questions for WEN
Also covers: CBRL, DENN, DIN +11 more
James Salera
Stephens Inc.
2 questions for WEN
Also covers: BRBR, CAKE, CELH +20 more
James Sanderson
Northcoast Research
2 questions for WEN
Also covers: CAKE, DASH, DRI +7 more
Jim Salera
Stephens Inc.
2 questions for WEN
Also covers: BRBR, CAKE, CELH +20 more
Lauren Silberman
Deutsche Bank
2 questions for WEN
Also covers: BLMN, CAKE, CMG +13 more
LR
Logan Reich
RBC Capital Markets
2 questions for WEN
Also covers: BROS, CAVA, DPZ +5 more
SS
Sara Senatore
Bank of America
2 questions for WEN
Also covers: BLMN, BROS, CAKE +21 more
AS
Alexander Slagle
Jefferies
1 question for WEN
Also covers: BJRI, BLMN, CHEF +10 more
Eric Gonzalez
KeyBanc Capital Markets
1 question for WEN
Also covers: CAVA, DENN, DIN +7 more
GL
Gerald Lubinski
BMO Capital Markets
1 question for WEN
Gregory Francfort
Guggenheim Securities
1 question for WEN
Also covers: BROS, CMG, DPZ +10 more
Jared Hludzinski
BMO Capital Markets
1 question for WEN
Also covers: BLMN, PLAY
John Ivankoe
JPMorgan Chase & Co.
1 question for WEN
Also covers: BLMN, BROS, CAKE +13 more
MB
Margaret Binstock
Wolfe Research, LLC
1 question for WEN
Margaret-May Binshtok
Wolfe Research LLC
1 question for WEN
Also covers: CHEF, EAT
PS
Peter Saleh
BTIG
1 question for WEN
Also covers: BYND, CHEF, DPZ +13 more
Recent press releases and 8-K filings for WEN.
Wendy's Funding, LLC Issues $450 Million in Senior Secured Notes
WEN
Debt Issuance
- Wendy's Funding, LLC, an indirect, wholly-owned subsidiary of Wendy's International, LLC, proposes to issue and sell $450,000,000 of 5.422% Series 2025-1 Class A-2 fixed rate senior secured notes.
- The notes have an anticipated repayment date of December 2032, with interest payments payable on a quarterly basis.
- The closing of the sale of these notes is expected to occur by December 15, 2025.
- The 2025 Notes are being issued in a privately placed securitization transaction and will not be registered under the Securities Act.
Nov 20, 2025, 2:47 AM
Wendy's (WEN) Announces Q3 2025 Results and Project Fresh Turnaround Plan
WEN
Guidance Update
New Projects/Investments
Demand Weakening
- Wendy's launched Project Fresh, a comprehensive turnaround plan for its U.S. business, structured around four strategic pillars to drive profitable growth and long-term value, including a strategic shift to prioritize growing average unit volumes (AUVs) over net unit growth.
- The international business delivered strong system-wide sales growth, with an expected international net unit growth of over 9% in 2025, while U.S. sales remain under pressure.
- For the full year 2025, Wendy's reaffirmed its adjusted EBITDA outlook of $505-$525 million and maintained its adjusted EPS outlook of $0.82-$0.89 per share.
- The company increased its free cash flow expectation to $195-$210 million for FY 2025, an increase of $35 million at the midpoint, driven by a reduction in capital expenditures and build-to-suit investments. System optimization in the U.S. could lead to restaurant closures starting in Q4 2025, potentially resulting in net unit growth at the low end of the 2-3% range.
Nov 7, 2025, 1:30 PM
Wendy's Reports Third Quarter 2025 Results and Updates 2025 Outlook
WEN
Earnings
Dividends
Guidance Update
- The Wendy's Company announced its financial results for the fiscal quarter ended September 28, 2025, on November 7, 2025.
- A regular quarterly cash dividend of $0.14 per share was declared, payable on December 15, 2025, to shareholders of record as of December 1, 2025.
- In the third quarter of 2025, Wendy's repurchased 1.4 million shares for $14.0 million, with approximately $35.0 million remaining under its existing share repurchase authorization as of October 30.
- Wendy's reaffirmed its 2025 outlook for Global systemwide sales growth of (5.0) to (3.0) percent, Adjusted EBITDA of $505 to $525 million, and Adjusted earnings per share of $0.82 to $0.89.
- The company updated its 2025 outlook, now expecting Capital expenditures and franchise development fund investments of $135 to $145 million and Free cash flow of $195 to $210 million.
Nov 7, 2025, 12:14 PM
Wendy's Reports Third Quarter 2025 Results
WEN
Earnings
Guidance Update
Share Buyback
- For the third quarter ended September 28, 2025, Wendy's reported global systemwide sales of $3.5 billion, a 2.6% decrease, though international systemwide sales grew 8.6%.
- The company achieved net income of $44.3 million and an adjusted EBITDA increase of 2.1% to $138.0 million.
- Diluted earnings per share was $0.23, and adjusted earnings per share decreased 4.0% to $0.24.
- Wendy's returned $40.7 million to shareholders through dividends and share repurchases during the quarter and declared a quarterly cash dividend of $0.14 per share.
- The 2025 free cash flow outlook was increased by $35 million at the midpoint, now expected to be $195 to $210 million.
Nov 7, 2025, 12:00 PM
Wendy's Company Launches "Project Fresh" Strategic Plan
WEN
New Projects/Investments
Management Change
Guidance Update
- Wendy's Company launched "Project Fresh" on October 9, 2025, a comprehensive strategic plan designed to revitalize the brand, reignite growth, accelerate profitability, and enhance shareholder value, stemming from dissatisfaction with the company's current valuation.
- The strategic plan is built upon four core pillars: brand revitalization, system optimization, operational excellence, and reallocation of capital and resources.
- Key actions include strengthening brand positioning, prioritizing Average Unit Volume (AUV) growth in the U.S., and optimizing capital expenditures, which involves a reduction of approximately $20 million in the Build to Suit program for 2025.
- The Board is actively conducting a CEO selection process, aiming for completion by the end of 2025, with Ken Cook currently serving as Interim Chief Executive Officer and Chief Financial Officer.
Oct 9, 2025, 11:37 AM
Wendy's Launches "Project Fresh" Strategic Plan
WEN
New Projects/Investments
Management Change
- The Wendy's Company launched Project Fresh, a comprehensive strategic plan designed to revitalize the brand, reignite growth, accelerate profitability, and enhance shareholder value, driven by the Board's dissatisfaction with the company's current valuation.
- The plan is built on four core pillars: brand revitalization, system optimization, operational excellence, and reallocation of capital to drive profitable growth.
- Key actions include a reduction of capital allocated to the Build to Suit program by approximately $20 million in 2025, with a larger anticipated reduction in 2026, to invest more in areas like technology and marketing, while maintaining commitment to dividends and returning capital to shareholders.
- The Board is actively conducting a CEO selection process with a global executive search firm, targeting completion by the end of the year, with Ken Cook currently serving as Interim Chief Executive Officer and Chief Financial Officer.
Oct 9, 2025, 11:30 AM
Quarterly earnings call transcripts for Wendy's.
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