OakChart

Wendy's Co

WENConsumer Cyclical·Restaurants·USA·Small·NASD·Nov 11 • 9:53 AM ET

8.29-0.05 (-0.60%)
2026-11-11 15:53 CET
Market cap
1,594.97 USD m
Revenue, TTM
2,201.18 USD m
Net income, TTM
96.90 USD m
Free cash flow, TTM
221.62 USD m
EPS diluted, TTM
0.51
P/E
16.34
Compare

Price

WEN against its 20, 50 and 200-day averages
2050200missearnings
6.007.008.009.00105.2M210.5MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26WENclose 8.2920-day 7.1350-day 6.96200-day 7.358.29

18.1% under 10.12 on 7 Nov 2025. Last 15 sessions, 39.7% high to low

Profile

WEN
52-week range, 67% of the way up
5.949.45

The Wendy's Co. engages in operating, developing, and franchising a system of quick-service restaurants. It operates through the following segments: Wendy's U.S., Wendy's International, and Global Real Estate and Development. The Wendy's U.S. segment includes the operation and franchising of Wendy's restaurants in the U.S. The Wendy's International segment is involved in the operation and franchising of Wendy's restaurants in countries and territories other than the U.S. The Global Real Estate and Development segment focuses on real estate activity for owned sites and sites leased from third parties. The company was founded by R. David Thomas on November 15, 1969 and is headquartered in Dublin, OH.

IndexRUT
Employees14900
IPOJun 18, 1976
Beta0.34
ATR, 14d0.31
Rel volume0.59
Short float28.36%
Insider own9.17%
Inst own85.24%

Snapshot

6 groups

Valuation

IndexRUT
Market Cap1.59B
Enterprise Value5.13B
Income96.90M
Sales2.20B
Book/sh0.65
Cash/sh2.65
Dividend Est.0.42 (5.10%)
Dividend TTM0.49 (5.91%)
Dividend Ex-DateDec 01, 2026
Dividend Gr. 3/5Y10.25% 18.23%
Payout78.75%
Employees14900
IPOJun 18, 1976

Ratios

P/E16.34
Forward P/E16.33
PEG-
P/S0.72
P/B12.74
P/C3.13
P/FCF7.15
EV/EBITDA11.86
EV/Sales2.33
Quick Ratio1.87
Current Ratio1.89
Debt/Eq32.57
LT Debt/Eq31.68
Option/ShortYes / Yes

Earnings

EPS (ttm)0.51
EPS next Y0.51
EPS next Q0.10
EPS this Y-40.84%
EPS next Y-2.50%
EPS next 5Y-12.01%
EPS past 3/5Y- -0.96%
Sales past 3/5Y1.28% 2.79%
EPS Y/Y TTM-46.30%
Sales Y/Y TTM-0.32%
EPS Q/Q-65.99%
Sales Q/Q-0.46%
EarningsNov 05 BMO
EPS/Sales Surpr.40.85% 2.93%

Ownership

Insider Own9.17%
Insider Trans0.00%
Inst Own85.24%
Inst Trans-7.83%
ROA1.97%
ROE82.95%
ROIC2.38%
Gross Margin24.24%
Oper. Margin11.55%
Profit Margin4.40%
SMA2016.23%
SMA5019.19%
SMA20012.83%
Trades-

Technical

Shs Outstand191.22M
Shs Float173.71M
Short Float28.36%
Short Ratio6.51
Short Interest49.27M
52W High9.45 -12.28%
52W Low5.94 39.56%
Volatility4.89% 3.93%
ATR (14)0.31
RSI (14)74.52
Beta0.34
Rel Volume0.59
Avg Volume7.57M
Volume471,520

Performance

Perf Week8.37%
Perf Month30.55%
Perf Quarter-4.16%
Perf Half Y1.22%
Perf YTD-0.48%
Perf Year-6.33%
Perf 3Y-56.16%
Perf 5Y-61.69%
Perf 10Y-27.91%
Recom3.12
Target Price7.90
Prev Close8.34
Price8.29
Change %-0.60%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 16, 2026InitiatedSSeaport Research PartnersNeutral
May 13, 2026UpgradeAArgusHold → Buy$12+44.8%
May 11, 2026DowngradeJJP MorganNeutral → Underweight$6-27.6%
Dec 03, 2025DowngradeJJP MorganOverweight → Neutral$9+8.6%
Oct 28, 2025InitiatedMMizuhoUnderperform$8-3.5%
Sep 25, 2025DowngradeNNorthcoastNeutral → Sell$7-15.6%
Sep 23, 2025DowngradeAArgusBuy → Hold
May 14, 2025DowngradeGGuggenheimBuy → Neutral
May 05, 2025UpgradeJJP MorganNeutral → Overweight$15+80.9%
Feb 26, 2025ResumedJJP MorganNeutral$20 → $17+105.1%

Peers

Mkt cap
TickerCompanyMkt cap
MCDMcDonald's Corp196.28B
JACKJack In The Box Inc277.33M
QSRRestaurant Brands International Inc34.68B
BHBiglari Holdings Inc1.15B
YUMYum Brands Inc42.54B
SHAKShake Shack Inc3.27B
JMKEJersey Mike's Subs Inc6.32B
LOCOEl Pollo Loco Holdings Inc465.00M
DPZDominos Pizza Inc10.64B
CMGChipotle Mexican Grill45.43B

Insider trading

latest 14 of 22
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Radkoski Lindsay J.CMO, U.S.Aug 15 '26Option Exercise0.002,767063,974Aug 18 05:01 PM
Esposito LilianaChf Corp Affrs & Sustnblty OfcAug 12 '26Option Exercise0.0036,1040127,796Aug 14 04:58 PM
Kale Aaron M.Chief Accounting OfficerAug 12 '26Option Exercise0.002,209015,037Aug 14 04:57 PM
Radkoski Lindsay J.CMO, U.S.Aug 12 '26Option Exercise0.0031,591066,056Aug 14 04:56 PM
Spessard Matthew PChief Information OfficerAug 12 '26Option Exercise0.0025,947035,941Aug 14 04:55 PM
Wunsch E.J.President, InternationalAug 12 '26Option Exercise0.0068,6030142,520Aug 14 04:54 PM
Min JohnChief Legal Ofcr & SecretaryAug 12 '26Option Exercise0.0050,322047,409Aug 14 04:53 PM
Suerken Peter J. JRPresident, U.S.Aug 12 '26Option Exercise0.007,96309,187Aug 14 04:51 PM
Wunsch E.J.President, InternationalAug 11 '26Option Exercise0.003,070082,858Aug 13 04:56 PM
Radkoski Lindsay J.CMO, U.S.Aug 11 '26Option Exercise0.00633038,363Aug 13 04:54 PM
Esposito LilianaChf Corp Affrs & Sustnblty OfcAug 11 '26Option Exercise0.001,748096,437Aug 13 04:52 PM
Spessard Matthew PChief Information OfficerAug 11 '26Option Exercise0.00633013,228Aug 13 04:51 PM
Kale Aaron M.Chief Accounting OfficerAug 11 '26Option Exercise0.001,748013,327Aug 13 04:49 PM
Esposito LilianaChf Corp Affrs & Sustnblty OfcAug 05 '26Option Exercise0.002,294095,343Aug 07 05:06 PM

Held by

AUM
TickerCompanyAUM
IJRiShares Core S&P Small-Cap ETFAUM: 106.27B
SCHDSchwab US Dividend Equity ETFAUM: 122.69B
IWMiShares Russell 2000 Index FundAUM: 77.38B
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VBVanguard Morningstar Small-Cap ETFAUM: 79.59B
VBRVanguard Morningstar Small-Cap Value ETFAUM: 37.76B
FNDASchwab Fundamental U.S. Small Company ETFAUM: 8.98B
JSMDJanus Henderson Small/Mid Cap Growth Alpha ETFAUM: 1.04B
SPSMState Street SPDR Portfolio S&P 600TM Small Cap ETFAUM: 16.06B
IWOiShares Russell 2000 Growth ETFAUM: 14.06B

News

latest 14 of 206
  • Why Founder-Led, Regional Restaurant Brands Are Thriving While the Giants Are Struggling (Franchise Times)
  • Restaurant Chains Are Hungry for a Comeback. Can This Change Bring Diners Back? (Entrepreneur)
  • Dine Brands, Wendys Decline Unsolicited Buyout Offers, Plus More M&A News (Franchise Times)
  • El Pollo Loco says fans flocked to its chicken during the cyclosporiasis outbreak (LA Times)
  • Sales Fall During Third Quarter as Wendys Declines Buyout, Defines Daves Way Turnaround Plan (Franchise Times)
  • Loading…
  • Wendy's refreshing menu in 2027 with thicker bacon, creamier Frosty (USA TODAY)
  • Wendys Turns Down $1.4 Billion Buyout and Adopts a Poison Pill Defense to Block a Takeover (Entrepreneur)
  • How Wendys CEO plans to revive beleaguered burger chain (Restaurant Dive)
  • Wendys rejects $7.35 per share takeover proposal (Verdict Food Service)
  • Wendy's rejects $1.4 billion hostile takeover bid (CBS News)
  • Wendys is Going Back to Basics to Save its Business (QSR)
  • Wendy's rebuffs Nelson Peltz's $1.4 billion bid, adopts poison pill (Proactive)
  • Wendy's Tops Lowered Bar As U.S. Comps Improve, But Margins, Leverage And Franchisee Stress Keep The Turnaround Unproven (Earnings Whispers)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-050.1300.0920.080546.99531.4423
2026Q22026-08-070.1800.1630.171570.57557.1424
2026Q12026-05-080.1200.0950.119540.64518.0327
2025Q42026-02-130.1600.1440.139542.97537.1928
2025Q32025-11-070.2400.1950.231549.52534.7327
2025Q22025-08-080.2900.2540.286560.93558.0527
2025Q12025-05-020.2000.1990.195523.47525.3826
2024Q42025-02-130.2500.2430.232574.27562.5727
2024Q32024-10-310.2500.2520.246566.74561.5427
2024Q22024-08-010.2700.2770.265570.73577.1528
2024Q12024-05-020.2300.2120.203534.75540.8427
2023Q42024-02-15--0.226540.7--
2023Q32023-11-02--0.276550.6--
2023Q22023-08-09--0.280561.6--
2023Q12023-05-10--0.185528.8--
2022Q42023-03-010.2200.2030.194536.5536.51-

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY0.5900.5970.5831,7091,707
2020FY0.5700.5740.5171,7341,736
2021FY0.8200.8110.8931,8971,884
2022FY0.8600.852-2,0962,096
2023FY0.9700.9940.9672,1822,188
2024FY1.0000.9960.9452,2462,233
2025FY0.8800.8710.8502,1772,169
2026FY-0.521--2,209
2027FY-0.508--2,212
2028FY-0.600--2,224
2029FY-0.925--2,377
2030FY-0.790--2,369

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-101655555.6510.3628.1
2026Q4S2026-11-091656555.6510.3628.1
2026Q4S2026-11-061657555.6510.3628.1
2026Q4S2026-11-051758552.88517588.44
2026Q4S2026-10-281729549.85517588.44
2026Q4S2026-10-271839549.96517588.44
2026Q4S2026-10-261839549.96517588.44
2026Q4S2026-10-2318210547.41505.91588.44
2026Q4S2026-10-2118210547.44505.91588.44
2026Q4S2026-10-1618214548.73505.91588.44
2026Q4S2026-10-1318313550.52505.91588.44
2026Q4S2026-10-0918314550.52505.91588.44
2026Q4S2026-10-0618314551505.91588.44
2026Q4S2026-10-0218215549.92497.54588.44

Estimate history

EPS, annual0.7691.8780.5830.5170.893-0.9670.9450.8510.5072
Period201720182019202020212022202320242025TTM
EPS, quarterly0.2460.2320.1950.2860.2310.1390.1190.1710.079
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual1223.4081589.9361709.0021733.8251896.9982095.5052181.5782246.4922176.8912201.18
Period201720182019202020212022202320242025TTM
Sales, quarterly566.739574.273523.472560.929549.516542.974540.637570.571546.993
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual240.512231.233224.889224.268215.849-205.397203.834190.324191.215
Period201720182019202020212022202320242025MRQ
Shares, quarterly203.089203.834195.846191.345190.311190.324190.45190.639191.215
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2022FY2021FY2020FY2019FY
Total Revenue2,201.182,176.892,246.492,181.582,095.512,095.511,897.001,733.831,709.00
Cost of Goods Sold Incl. D&A1,667.631,591.891,614.421,553.681,510.561,510.561,324.281,245.121,234.95
Gross Profit533.54585.00632.08627.90584.95584.95572.72488.71474.05
Selling, General and Administrative Excl. Other279.22252.68255.21249.96254.98254.98242.97206.88200.21
Other Operating Expense0.000.000.000.00-0.000.000.000.00
Operating Income254.32332.32376.87377.94329.97329.97329.75281.83273.84
Interest Expense153.76153.98123.88124.06-122.32109.19117.74115.97
Unusual Expense15.317.4317.7316.217.122.0124.5224.0731.96
Net Income Before Taxes141.36227.25272.41279.42-243.50240.58152.79171.48
Income Taxes44.4562.1778.0674.98-66.1440.1934.9634.54
Consolidated Net Income96.90165.07194.36204.44-177.37200.39117.83136.94
Net Income From Continuing Operations96.90165.07194.36204.44-177.37200.39117.83136.94
Net Income96.90165.07194.36204.44-177.37200.39117.83136.94
EPS (Recurring)0.560.881.011.02-0.830.970.590.68
EPS (Basic, Before Extraordinaries)0.510.850.950.98-0.830.910.530.60
EPS (Diluted)0.510.850.950.97-0.820.890.520.58
EBITDA432.73503.19534.80526.50465.78499.69495.88443.54405.54
Non-Operating Income (Expense)56.1056.3437.1641.7530.4637.8744.5312.7745.57
Other After Tax Adjustments0.000.000.000.00-0.000.000.000.00
Stock Option Compensation Expense11.6010.8619.7220.54-21.5014.0411.6611.45
Price To Earnings Ratio16.4416.4417.3420.8427.0526.1026.6942.4338.15
Price To Sales Ratio0.570.741.511.89-2.332.822.883.05
Gross Margin24.2426.8728.1428.7827.9127.9130.1928.1927.74
Operating Margin11.5515.2716.7817.3215.7515.7517.3816.2516.02
Net Margin4.407.588.659.37-8.4610.566.808.01
Shares Outstanding191.22190.32203.83205.40-213.10215.85224.27224.89
Market Capitalization1,594.971,594.973,322.674,017.934,750.504,820.805,313.494,911.865,109.34

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue546.99570.57540.64542.97549.52560.93523.47574.27
Cost of Goods Sold Incl. D&A420.55428.40407.17411.52404.02398.64377.71404.80
Gross Profit126.45142.17133.47131.45145.50162.29145.76169.48
Selling, General and Administrative Excl. Other73.1466.1672.8467.0857.9159.4868.2067.16
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income53.3176.0160.6364.3787.59102.8077.56102.31
Interest Expense40.0440.4140.8132.5031.5430.9531.4831.08
Unusual Expense4.223.130.517.452.571.862.456.89
Net Income Before Taxes25.4348.5734.1633.1963.2475.9054.9270.48
Income Taxes10.3415.9511.456.7118.9820.7915.6922.98
Consolidated Net Income15.0932.6222.7126.4844.2555.1139.2347.50
Net Income From Continuing Operations15.0932.6222.7126.4844.2555.1139.2347.50
Net Income15.0932.6222.7126.4844.2555.1139.2347.50
EPS (Recurring)0.090.180.120.170.240.290.200.26
EPS (Basic, Before Extraordinaries)0.080.170.120.140.230.290.200.23
EPS (Diluted)0.080.170.120.140.230.290.190.23
EBITDA98.25118.65105.96109.86131.21143.85118.27139.61
Non-Operating Income (Expense)16.3816.1014.868.789.765.9011.286.14
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense2.812.324.142.320.934.054.400.97
Price To Earnings Ratio16.4410.698.178.839.5612.1915.4717.34
Price To Sales Ratio0.570.680.590.730.801.001.321.51
Gross Margin23.1224.9224.6924.2126.4828.9327.8529.51
Operating Margin9.7513.3211.2111.8515.9418.3314.8217.82
Net Margin2.765.724.204.888.059.827.498.27
Shares Outstanding191.22190.64190.45190.32190.31191.34195.85203.83
Market Capitalization1,594.971,579.091,323.011,585.531,745.582,192.932,933.103,322.67

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2022FY2021FY2020FY2019FY2018FY
Cash & Short Term Investments357.67503.61588.82-831.80366.97418.24358.71537.77
Short Term Receivables192.42173.15198.52-186.85185.04173.14171.85109.81
Inventories7.396.536.69-7.135.934.733.893.69
Other Current Assets60.5652.8543.63-32.5134.9191.5119.5914.45
Total Current Assets618.04736.14837.65-1,058.28592.85687.62554.05665.72
Net Property, Plant & Equipment1,893.231,832.521,825.63-1,884.851,963.771,943.522,034.341,213.24
Total Investments and Advances310.12317.05348.11-363.37349.58312.80302.56274.14
Long-Term Note Receivable--0.00-3.894.206.131.6214.32
Intangible Assets1,944.761,963.731,992.86-2,021.892,056.071,976.012,003.122,042.04
Deferred Tax Assets418.89420.88433.26-450.57466.81455.05446.03128.69
Other Assets190.42185.40178.58-167.07134.93113.9398.8482.58
Total Assets5,375.455,455.725,616.09-5,949.915,568.205,495.055,440.564,420.72
Short Term Debt Incl. Current Port. of LT Debt107.54150.7498.85-95.6987.0886.4177.5331.66
Accounts Payable109.38111.49129.17-159.34177.21154.1389.4521.74
Income Tax Payable28.1428.5028.13-30.1628.1427.1623.9320.81
Other Current Liabilities106.04106.90125.78-102.82134.50145.61158.79209.98
Total Current Liabilities351.10397.63381.93-388.00426.93413.31349.70284.19
Long Term Debt4,037.473,941.834,040.92-4,186.123,769.333,589.563,636.142,752.78
Provision for Risks Charges0.000.000.00-0.000.000.000.000.00
Deferred Tax Liabilities706.64684.29703.62-720.99734.52735.80716.78397.85
Other Liabilities162.85172.61179.84-189.08201.02206.78221.57337.46
Total Liabilities5,258.075,196.375,306.31-5,484.195,131.794,945.464,924.203,772.27
Non-Equity Reserves0.000.000.00-0.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.00-0.000.000.000.000.00
Common Equity117.38259.35309.78-465.72436.40549.60516.36648.45
Total Shareholders Equity117.38259.35309.78-465.72436.40549.60516.36648.45
Accumulated Minority Interest0.000.000.00-0.000.000.000.000.00
Total Equity117.38259.35309.78-465.72436.40549.60516.36648.45
Total Liabilities & Stockholders Equity5,375.455,455.725,616.09-5,949.915,568.205,495.055,440.564,420.72
Book Value Per Share0.621.271.51-2.192.022.452.302.80
Tangible Book Value Per Share-9.60-8.36-8.19--7.30-7.50-6.36-6.61-6.03
Full-Time Employees14,90014,50015,300-14,50014,50014,00013,30012,500
Price to Book Ratio12.8112.7411.80-11.0211.808.949.675.57
Return on Assets3.053.513.54-3.083.622.162.7810.67
Return on Equity87.6368.3052.72-39.3240.6522.1123.5175.33
Return on Invested Capital3.974.634.70-3.814.762.853.3013.53
Quick Ratio1.741.832.18-2.711.371.651.572.33
Current Ratio1.761.852.19-2.731.391.661.582.34

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2022FY2021FY2020FY2019FY
Net Income96.90165.07194.36204.44-177.37200.39117.83136.94
Depreciation178.41170.87157.94148.57-169.72166.14132.78131.69
Other Funds (Non Cash)34.4436.6929.9316.10--46.38-37.5816.910.89
Funds from Operations299.15396.10376.69368.30-305.01315.17277.78270.36
Extraordinary Item0.000.000.000.00-0.000.000.000.00
Changes in Working Capital9.08-51.55-21.38-22.88--45.1130.606.5818.57
Cash from Operating Activities308.23344.54355.31345.42-259.90345.77284.36288.93
Capital Expenditures-86.61-101.93-94.39-85.02--85.54-77.98-68.97-74.45
Net Assets From Acquisitions0.00-16.850.000.00-0.00-123.07-4.88-5.05
Sale of Fixed Assets and Businesses16.294.414.952.12-8.2455.126.093.45
Purchase or Sale of Investments0.000.000.000.03-0.00-9.940.1724.50
Purchase of Investments0.000.000.000.00-0.00-10.000.000.00
Sale Or Maturity of Investments0.000.000.000.03-0.000.060.1724.50
Other Uses-29.90-38.41-41.25-7.95--3.600.00-0.66-3.37
Other Sources0.001.951.384.28-3.141.200.000.00
Cash from Investing Activities-100.22-150.83-129.31-86.55--77.78-154.67-68.25-54.93
Cash Dividends Paid-93.32-129.59-204.44-209.25--106.78-94.85-64.87-96.36
Change in Capital Stock-1.92-198.85-44.52-174.89--47.09-238.53-38.81-189.47
Repurchase of Common Pref Stock-1.92-200.77-77.38-189.55--51.95-268.53-62.17-217.80
Sale of Common Pref Stock0.001.9232.8614.67-4.8730.0023.3628.33
Proceedsfrom Stock Options0.000.000.000.00-0.000.000.000.00
Issuance or Reduction of Debt, Net-29.05-12.71-49.65-116.29-445.7195.14-48.65-70.64
Change in Long Term Debt-29.05-12.71-49.65-116.29-445.7195.14-48.65-70.64
Issuance of Long Term Debt496.58465.830.000.00-489.771,079.13151.19835.99
Reduction of Long Term Debt-525.63-478.54-49.65-116.29--44.06-983.98-199.84-906.63
Net Financing Active Other Cash Flow-2.37-2.84-4.49-3.87--3.17-4.51-5.58-8.82
Other Financing Activities Uses-2.37-2.84-4.49-3.87--3.17-4.51-5.58-8.82
Cash from Financing Activities-126.67-343.99-303.10-504.30-288.67-242.74-157.91-365.30
Exchange Rate Effect-1.404.34-8.112.45--5.970.361.333.49
Net Change in Cash79.94-145.94-85.21-242.99-464.83-51.2759.53-127.81
Free Cash Flow221.62242.62260.92260.39-174.36267.79215.39214.48
Preferred Dividends (Cash Flow)-0.000.000.00-0.000.000.000.00
Price to Free Cash Flow9.7914.3360.0780.57-72.2830.9533.2044.10
Deferred Taxes & Investment Tax Credit-23.46-5.53-0.81-4.30-13.7810.270.84

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments506.42482.89447.18357.67450.35426.36
Short Term Receivables102.58109.25125.06192.42128.46115.08
Inventories6.577.046.607.396.936.31
Other Current Assets77.5578.9273.4260.5655.1152.69
Total Current Assets693.11678.10652.26618.04640.86600.45
Net Property, Plant & Equipment1,772.331,798.041,845.391,893.231,886.551,840.72
Total Investments and Advances295.21299.84304.17310.12309.78313.77
Intangible Assets1,915.461,920.351,932.111,944.761,952.221,948.93
Deferred Tax Assets---418.89--
Other Assets187.74187.89190.69190.42186.77190.28
Total Assets4,863.864,884.224,924.625,375.454,976.184,894.15
Short Term Debt Incl. Current Port. of LT Debt110.58109.24109.40107.54502.48154.03
Accounts Payable22.7921.4423.60109.3827.2026.64
Income Tax Payable---28.14--
Other Current Liabilities233.67226.79223.16106.04264.05234.54
Total Current Liabilities367.04357.47356.16351.10793.73415.22
Long Term Debt3,942.143,963.284,007.194,037.473,615.763,934.18
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities280.30289.27288.49706.64291.34265.43
Other Liabilities149.92153.72157.23162.85166.16166.43
Total Liabilities4,739.404,763.754,809.075,258.074,866.984,781.26
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity124.45120.47115.55117.38109.19112.89
Total Shareholders Equity124.45120.47115.55117.38109.19112.89
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity124.45120.47115.55117.38109.19112.89
Total Liabilities & Stockholders Equity4,863.864,884.224,924.625,375.454,976.184,894.15
Book Value Per Share0.650.630.610.620.570.59
Tangible Book Value Per Share-9.37-9.44-9.54-9.60-9.68-9.60
Full-Time Employees---14,900--
Price to Book Ratio12.8113.6611.2714.5215.5317.17
Return on Assets1.972.583.023.053.703.85
Return on Equity82.95108.04120.8887.63100.8599.35
Return on Invested Capital0.370.800.550.641.191.36
Quick Ratio1.871.881.811.740.801.43
Current Ratio1.891.901.831.760.811.45

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income15.0932.6222.7126.4844.2555.11
Depreciation44.9442.6445.3445.4943.6241.05
Other Funds (Non Cash)-8.2116.640.0126.00-4.25-1.71
Funds from Operations43.2192.3169.0294.62109.6194.97
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital35.798.26-9.63-25.3419.65-34.37
Cash from Operating Activities78.99100.5759.3969.28129.2560.59
Capital Expenditures-17.29-19.56-11.88-37.88-24.99-21.37
Net Assets From Acquisitions0.000.000.000.00-16.850.00
Sale of Fixed Assets and Businesses8.701.872.802.920.131.30
Purchase or Sale of Investments0.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses-3.59-6.42-4.58-15.31-6.58-10.71
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-12.18-24.11-13.66-50.27-48.30-30.78
Cash Dividends Paid-13.37-26.67-26.65-26.63-26.71-26.81
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock0.00-1.920.000.00-14.05-62.29
Repurchase of Common Pref Stock0.00-1.920.000.00-14.25-63.73
Sale of Common Pref Stock0.000.000.000.000.201.44
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-14.36-13.57-13.4112.29-14.71-4.24
Change in Long Term Debt-14.36-13.57-13.4112.29-14.71-4.24
Issuance of Long Term Debt36.452.7015.10442.330.008.50
Reduction of Long Term Debt-50.81-16.27-28.51-430.04-14.71-12.74
Net Financing Active Other Cash Flow-1.91-0.03-0.42-0.01-1.47-0.03
Other Financing Activities Uses-1.91-0.03-0.42-0.01-1.47-0.03
Cash from Financing Activities-29.64-42.19-40.48-14.35-56.95-93.37
Exchange Rate Effect0.01-1.52-0.891.00-2.104.69
Net Change in Cash37.1832.754.365.6621.91-58.86
Free Cash Flow61.7181.0147.5131.40104.2639.22
Price to Free Cash Flow9.799.4711.2314.0821.0128.26

Revenue breakdown

Advertising2024: 458.09M 2025: 422.09M
Franchise2024: 97.61M 2025: 98.18M
Product2024: 925.91M 2025: 916.33M
Real Estate2024: 236.49M 2025: 235.75M
Royalty2024: 528.39M 2025: 504.55M
Non-US2024: 190.16M 2025: 199.05M
United States2024: 2.06B 2025: 1.98B
Global Real Estate & Development2024: 242.06M 2025: 238.81M
Wendy's International2024: 144.69M 2025: 152.96M
Wendy's U.S.2024: 1.86B 2025: 1.79B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-3028.36%49.3M173.7M7.75M
2026-10-1530.17%52.3M173.2M7.52M
2026-09-3028.13%48.7M173.2M9.12M
2026-09-1528.20%48.8M173.2M16.23M
2026-08-3127.69%48.0M173.2M16.49M
2026-08-1429.48%51.1M173.2M17.04M
2026-07-3133.96%58.8M173.2M17.73M
2026-07-1533.22%57.5M173.2M17.98M
2026-06-3034.64%60.0M173.2M16.53M
2026-06-1530.49%51.7M169.4M9.81M
2026-05-2929.02%50.3M173.2M9.86M
2026-05-1529.29%50.7M173.2M10.05M
2026-04-3026.71%46.3M173.3M8.98M
2026-04-1525.52%44.2M173.3M8.88M
2026-03-3121.87%37.6M172.0M8.72M
2026-03-1321.08%36.3M172.0M8.03M
2026-02-2719.10%32.9M172.0M7.89M
2026-02-1318.62%32.0M172.0M7.17M
2026-01-3018.17%31.2M171.5M6.95M
2026-01-1517.19%29.5M171.5M6.77M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call2.005.507.006.4017.01714.000.000.984-0.0460.000
call2.505.006.505.8319.95678.000.000.981-0.0610.000
call3.004.705.905.4216.0151000.000.978-0.0610.000
call3.504.205.404.8813.9201400.000.974-0.0600.000
call4.003.704.904.4712.16759.000.000.970-0.0580.000
call4.503.204.403.755.7586.000.000.965-0.0430.001
call5.002.703.903.339.19216.000.000.959-0.0550.001
call5.502.203.402.838.10965.000.000.951-0.0530.001
call6.001.902.602.305.14478.000.000.941-0.0500.001
call6.501.402.151.814.57845.000.000.928-0.0470.001
call7.000.901.651.323.7189050.000.865-0.0700.001
call7.500.550.950.801.8848020.000.819-0.0610.002
call8.000.150.400.350.9194680.000.688-0.0550.002
call8.500.000.100.080.5728300.000.402-0.0390.003
call9.000.000.050.010.8433630.000.185-0.0320.002
call9.500.000.050.051.2111000.000.120-0.0320.001
call10.000.001.350.001.8170.000.000.098-0.0470.001
call10.500.001.350.002.1510.000.000.086-0.0500.001
call11.000.001.350.002.4580.000.000.077-0.0530.001
call11.500.001.250.002.7240.000.000.071-0.0550.001
call12.000.001.350.002.5690.000.000.066-0.0430.001
call12.500.001.350.002.7840.000.000.062-0.0440.001
call13.000.001.350.003.4900.000.000.059-0.0610.001
put2.000.000.950.0010.6990.000.00-0.015-0.0620.000
put2.500.001.350.009.1020.000.00-0.019-0.0620.000
put3.000.000.950.007.7990.000.00-0.022-0.0610.000
put3.500.001.350.006.7180.000.00-0.026-0.0600.000
put4.000.001.250.005.7860.000.00-0.030-0.0590.000
put4.500.001.350.004.9630.000.00-0.035-0.0580.000
put5.000.000.750.054.2232.000.00-0.041-0.0560.001
put5.500.000.050.053.54729.000.00-0.049-0.0530.001
put6.000.000.050.052.92075.000.00-0.058-0.0510.001
put6.500.000.050.032.3308500.00-0.072-0.0480.001
put7.000.000.050.052.1783700.00-0.134-0.0710.001
put7.500.000.100.031.5403000.00-0.181-0.0610.002
put8.000.000.150.100.8102550.00-0.255-0.0320.002
put8.500.000.750.222.52167.000.00-0.572-0.0820.002
put9.000.352.100.716.7280.000.00-0.726-0.0770.002
put9.500.052.553.175.8830.000.00-0.880-0.0320.001
put10.001.352.103.005.8622.000.00-0.900-0.0350.001
put10.501.852.502.184.5311.000.00-0.913-0.0380.001
put11.002.103.302.675.5872.000.00-0.922-0.0530.001
put11.502.603.803.288.1261.000.00-0.928-0.0410.001
put12.003.104.303.788.1281.000.00-0.933-0.0430.001
put12.503.604.804.258.8002.000.00-0.938-0.0440.001
put13.004.105.304.759.1052.000.00-0.941-0.0450.001

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-058-A12BSEC
2026-11-058-KCurrent report2026-11-04SEC
2026-11-058-KCurrent report2026-11-05SEC
2026-11-0510-QQuarterly report pursuant to Section 13 or 15(d)2026-09-27SEC
2026-10-28SCHEDULE 13D/ASEC
2026-10-014Statement of changes in beneficial ownership of securities2026-09-29SEC
2026-10-014Statement of changes in beneficial ownership of securities2026-09-29SEC
2026-09-174Statement of changes in beneficial ownership of securities2026-09-15SEC
2026-09-174Statement of changes in beneficial ownership of securities2026-09-15SEC
2026-09-174Statement of changes in beneficial ownership of securities2026-09-15SEC
2026-09-174Statement of changes in beneficial ownership of securities2026-09-15SEC
2026-09-174Statement of changes in beneficial ownership of securities2026-09-15SEC
2026-09-174Statement of changes in beneficial ownership of securities2026-09-15SEC
2026-09-174Statement of changes in beneficial ownership of securities2026-09-15SEC
2026-09-174Statement of changes in beneficial ownership of securities2026-09-15SEC
2026-09-174Statement of changes in beneficial ownership of securities2026-09-15SEC
2026-08-264Statement of changes in beneficial ownership of securities2026-08-24SEC
2026-08-263Initial statement of beneficial ownership of securities2026-08-24SEC
2026-08-184Statement of changes in beneficial ownership of securities2026-08-15SEC
2026-08-178-KCurrent report2026-08-14SEC
2026-08-144Statement of changes in beneficial ownership of securities2026-08-12SEC
2026-08-144Statement of changes in beneficial ownership of securities2026-08-12SEC
2026-08-144Statement of changes in beneficial ownership of securities2026-08-12SEC
2026-08-144Statement of changes in beneficial ownership of securities2026-08-12SEC
2026-08-144Statement of changes in beneficial ownership of securities2026-08-12SEC
2026-08-144Statement of changes in beneficial ownership of securities2026-08-12SEC
2026-08-144Statement of changes in beneficial ownership of securities2026-08-12SEC
2026-08-134Statement of changes in beneficial ownership of securities2026-08-11SEC
2026-08-134Statement of changes in beneficial ownership of securities2026-08-11SEC
2026-08-134Statement of changes in beneficial ownership of securities2026-08-11SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-1117.85K200

Institutional holders

Manager% owned
TRIAN FUND MANAGEMENT, L.P.16.00%
BlackRock, Inc.13.81%
VANGUARD PORTFOLIO MANAGEMENT LLC5.41%
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN4.20%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC3.95%
VANGUARD CAPITAL MANAGEMENT LLC3.64%
WELLS FARGO & COMPANY/MN3.51%
STATE STREET CORP3.45%
HARRIS ASSOCIATES L P2.93%
GEODE CAPITAL MANAGEMENT, LLC2.21%

Funds

Fund% owned
Bond Fund14.37%
iShares Core S&P Small-Cap ETF5.00%
VANGUARD TOTAL STOCK MARKET INDEX FUND2.55%
Schwab U.S. Dividend Equity ETF2.26%
iShares Russell 2000 ETF2.21%
Investment Grade Bond Fund1.86%
VANGUARD SMALL-CAP INDEX FUND1.83%
Oakmark Equity and Income Fund1.78%
Touchstone ETF Trust-Touchstone Ultra Short Income ETF1.38%
Balanced Fund1.25%

OakChart. WEN. Cached 15 minutes.