Wendy's Co (WEN) stock
Close on Oct 30, 2026Market cap $1.37BP/E 10.9Yield 9.29%
Earnings
Wendy's's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Quarterly results
Revenue and earnings per share from each of Wendy's's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q3 FY2026ended Sep 28, 2026 | Nov 6, 2026Expected | – | – | – | – | – |
| Q2 FY2026ended Jun 28, 2026 | Aug 7, 2026before the open | $571.00M | – | $0.17 | $0.18 | Release |
| Q1 FY2026ended Mar 29, 2026 | May 8, 2026before the open | $540.60M | +3.3% | $0.12 | $0.12 | Release |
| Q4 FY2025ended Dec 28, 2025 | Feb 13, 2026before the open | $543.00M | -5.5% | $0.14 | $0.16 | Release |
| Q3 FY2025ended Sep 28, 2025 | Nov 7, 2025before the open | $549.50M | -3.0% | $0.23 | $0.24 | Release |
| Q2 FY2025ended Jun 29, 2025 | Aug 8, 2025before the open | – | – | $0.29 | $0.29 | Release |
| Q1 FY2025ended Mar 30, 2025 | May 2, 2025before the open | $523.50M | -2.1% | $0.19 | $0.20 | Release |
| Q4 FY2024ended Dec 29, 2024 | Feb 13, 2025before the open | $574.30M | +6.2% | $0.23 | $0.25 | Release |
| Q3 FY2024ended Sep 29, 2024 | Oct 31, 2024before the open | $566.70M | +2.9% | $0.25 | $0.25 | Release |
| Q2 FY2024ended Jun 30, 2024 | Aug 1, 2024before the open | $570.70M | +1.6% | $0.27 | $0.27 | Release |
| Q1 FY2024ended Mar 31, 2024 | May 2, 2024before the open | $534.80M | +1.1% | $0.20 | $0.23 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 15, 2024before the open | $540.70M | +0.8% | $0.23 | $0.21 | Release |
| Q3 FY2023ended Oct 1, 2023 | Nov 2, 2023before the open | $550.60M | +3.4% | $0.28 | $0.27 | Release |
| Q2 FY2023ended Jul 2, 2023 | Aug 9, 2023before the open | $561.60M | +4.4% | $0.28 | $0.28 | Release |
| Q1 FY2023ended Apr 2, 2023 | May 10, 2023before the open | $528.80M | +8.2% | $0.19 | $0.21 | Release |
| Q4 FY2022ended Jan 1, 2023 | Mar 1, 2023before the open | $536.50M | +13.4% | $0.19 | $0.22 | Release |
| Q3 FY2022ended Oct 2, 2022 | Nov 9, 2022before the open | $532.60M | +13.2% | $0.24 | $0.24 | Release |
| Q2 FY2022ended Jul 3, 2022 | Aug 10, 2022before the open | $537.80M | – | $0.22 | $0.24 | Release |
| Q1 FY2022ended Apr 3, 2022 | May 11, 2022before the open | $488.60M | – | $0.17 | $0.17 | Release |
| Q4 FY2021ended Jan 2, 2022 | Mar 1, 2022before the open | $473.20M | – | $0.24 | $0.16 | Release |
| Q3 FY2021ended Oct 3, 2021 | Nov 10, 2021before the open | $470.30M | – | $0.18 | $0.19 | Release |
| Q2 FY2021ended Jul 4, 2021 | Aug 11, 2021before the open | – | – | – | – | Release |
| Q1 FY2021ended Apr 4, 2021 | May 12, 2021before the open | – | – | – | – | Release |
| Q4 FY2020ended Jan 3, 2021 | Mar 3, 2021before the open | – | – | – | – | Filing |
| Q3 FY2020ended Sep 27, 2020 | Nov 4, 2020before the open | – | – | – | – | Release |
| Q2 FY2020ended Jun 28, 2020 | Aug 5, 2020before the open | – | – | – | – | Release |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Wendy's's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| Adjusted EBITDAnon-GAAP | FY2026 | $460.00M – $480.00M | $460.00M – $480.00M | Reaffirmed | May 8, 2026 |
| Adjusted earnings per sharenon-GAAP | FY2026 | $0.56 – $0.60 | $0.56 – $0.60 | Reaffirmed | May 8, 2026 |
| Free cash flownon-GAAP | FY2026 | $190.00M – $205.00M | $190.00M – $205.00M | Reaffirmed | May 8, 2026 |
| Capital expenditures and franchise development fund investments | FY2026 | $120.00M – $130.00M | $120.00M – $130.00M | Reaffirmed | May 8, 2026 |
Guidance vs results
The last range Wendy's gave before each report, against the figure it then reported. Full years add up the four quarters.
| Period | Metric | Guidance | Actual | Result |
|---|---|---|---|---|
| FY2025 | Adjusted earnings per share | $0.82 – $0.89 | $0.89Σ4Q | Within range |
Guidance history
Every forecast Wendy's put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| May 8, 2026 | Capital expenditures and franchise development fund investments | FY2026 | $120.00M – $130.00M | Reaffirmed |
| May 8, 2026 | Adjusted EBITDA | FY2026 | $460.00M – $480.00M | Reaffirmed |
| May 8, 2026 | Adjusted earnings per share | FY2026 | $0.56 – $0.60 | Reaffirmed |
| May 8, 2026 | Free cash flow | FY2026 | $190.00M – $205.00M | Reaffirmed |
| Feb 13, 2026 | Capital expenditures and franchise development fund investments | FY2026 | $120.00M – $130.00M | New |
| Feb 13, 2026 | Adjusted EBITDA | FY2026 | $460.00M – $480.00M | New |
| Feb 13, 2026 | Adjusted earnings per share | FY2026 | $0.56 – $0.60 | New |
| Feb 13, 2026 | Free cash flow | FY2026 | $190.00M – $205.00M | New |
| Nov 7, 2025 | Capital expenditures and franchise development fund investments | FY2025 | $135.00M – $145.00M | New |
| Nov 7, 2025 | Adjusted EBITDA | FY2025 | $505.00M – $525.00M | New |
| Nov 7, 2025 | Adjusted earnings per share | FY2025 | $0.82 – $0.89 | New |
| Nov 7, 2025 | Free cash flow | FY2025 | $195.00M – $210.00M | New |
| Nov 7, 2025 | Global systemwide sales growth | FY2025 | -5% – -3% | New |
| Nov 7, 2025 | Global net new unit growth | FY2025 | +2% – +3% | Raised |
| Aug 8, 2025 | Capital expenditures and franchise development fund investments | FY2025 | $165.00M – $175.00M | Raised |
| Aug 8, 2025 | Global net unit growth | FY2025 | 2% – 3% | New |
| May 2, 2025 | Capital expenditures | FY2025 | $100.00M – $110.00M | Reaffirmed |
| May 2, 2025 | Adjusted EBITDA | FY2025 | $530.00M – $545.00M | Lowered |
| May 2, 2025 | Adjusted earnings per share | FY2025 | $0.92 – $0.98 | Lowered |
| May 2, 2025 | Free cash flow | FY2025 | $250.00M – $270.00M | Lowered |
| May 2, 2025 | Global net unit growth | FY2025 | +2% – +3% | New |
| Feb 13, 2025 | Capital expenditures | FY2025 | $100.00M – $110.00M | New |
| Feb 13, 2025 | Global systemwide sales growth | FY2025 | +2% – +3% | New |
| Feb 13, 2025 | Adjusted EBITDA | FY2025 | $550.00M – $560.00M | New |
| Feb 13, 2025 | Adjusted earnings per share | FY2025 | $0.98 – $1.02 | New |
| Feb 13, 2025 | Free cash flow | FY2025 | $275.00M – $285.00M | New |
| Oct 31, 2024 | Capital expenditures | FY2024 | $90.00M – $100.00M | New |
| Oct 31, 2024 | Adjusted EBITDA | FY2024 | $535.00M – $545.00M | Reaffirmed |
| Oct 31, 2024 | Adjusted earnings per share | FY2024 | $0.99 – $1.01 | Narrowed |
| Oct 31, 2024 | Free cash flow | FY2024 | $275.00M – $285.00M | Reaffirmed |
| Oct 31, 2024 | Cash flows from operations | FY2024 | $365.00M – $385.00M | Reaffirmed |
| Oct 31, 2024 | Global systemwide sales growth | FY2024 | +3% | New |
| Aug 1, 2024 | Capital expenditures | FY2024 | $90.00M – $100.00M | Reaffirmed |
| Aug 1, 2024 | Adjusted EBITDA | FY2024 | $535.00M – $545.00M | Reaffirmed |
| Aug 1, 2024 | Adjusted earnings per share | FY2024 | $0.98 – $1.02 | Reaffirmed |
| Aug 1, 2024 | Free cash flow | FY2024 | $275.00M – $285.00M | Lowered |
| Aug 1, 2024 | Global systemwide sales growth | FY2024 | +3% – +5% | Lowered |
| Aug 1, 2024 | Cash flows from operations | FY2024 | $365.00M – $385.00M | Lowered |
| May 2, 2024 | Capital expenditures | FY2024 | $90.00M – $100.00M | Reaffirmed |
| May 2, 2024 | Adjusted EBITDA | FY2024 | $535.00M – $545.00M | Reaffirmed |
| May 2, 2024 | Adjusted earnings per share | FY2024 | $0.98 – $1.02 | Reaffirmed |
| May 2, 2024 | Free cash flow | FY2024 | $280.00M – $290.00M | Reaffirmed |
| May 2, 2024 | Global systemwide sales growth | FY2024 | +5% – +6% | Reaffirmed |
| May 2, 2024 | Cash flows from operations | FY2024 | $370.00M – $390.00M | Reaffirmed |
| Feb 15, 2024 | Capital expenditures | FY2024 | $90.00M – $100.00M | New |
| Feb 15, 2024 | Adjusted EBITDA | FY2024 | $535.00M – $545.00M | New |
| Feb 15, 2024 | Adjusted earnings per share | FY2024 | $0.98 – $1.02 | New |
| Feb 15, 2024 | Free cash flow | FY2024 | $280.00M – $290.00M | New |
| Feb 15, 2024 | Global systemwide sales growth | FY2024 | +5% – +6% | New |
| Feb 15, 2024 | Cash flows from operations | FY2024 | $370.00M – $390.00M | New |
| Nov 2, 2023 | Capital expenditures | FY2023 | $80.00M – $85.00M | Raised |
| Nov 2, 2023 | Adjusted EBITDA | FY2023 | $530.00M – $540.00M | Reaffirmed |
| Nov 2, 2023 | Adjusted earnings per share | FY2023 | $0.95 – $1.00 | Reaffirmed |
| Nov 2, 2023 | Free cash flow | FY2023 | $265.00M – $275.00M | Reaffirmed |
| Nov 2, 2023 | Global systemwide sales growth | FY2023 | +6% – +7% | Lowered |
| Nov 2, 2023 | Cash flows from operations | FY2023 | $345.00M – $360.00M | Raised |
| Aug 9, 2023 | Capital expenditures | FY2023 | $75.00M – $85.00M | Reaffirmed |
| Aug 9, 2023 | Adjusted EBITDA | FY2023 | $530.00M – $540.00M | Reaffirmed |
| Aug 9, 2023 | Adjusted earnings per share | FY2023 | $0.95 – $1.00 | Reaffirmed |
| Aug 9, 2023 | Free cash flow | FY2023 | $265.00M – $275.00M | Reaffirmed |
| Aug 9, 2023 | Global systemwide sales growth | FY2023 | +6% – +8% | Reaffirmed |
| Aug 9, 2023 | Cash flows from operations | FY2023 | $340.00M – $360.00M | Reaffirmed |
| May 10, 2023 | Capital expenditures | FY2023 | $75.00M – $85.00M | New |
| May 10, 2023 | Adjusted EBITDA | FY2023 | $530.00M – $540.00M | Reaffirmed |
| May 10, 2023 | Adjusted earnings per share | FY2023 | $0.95 – $1.00 | Reaffirmed |
| May 10, 2023 | Free cash flow | FY2023 | $265.00M – $275.00M | Reaffirmed |
| May 10, 2023 | Global systemwide sales growth | FY2023 | +6% – +8% | Reaffirmed |
| May 10, 2023 | Cash flows from operations | FY2023 | $340.00M – $360.00M | New |
| Mar 1, 2023 | Capital expenditures | FY2023 | $75.00M – $85.00M | New |
| Mar 1, 2023 | Adjusted EBITDA | FY2023 | $530.00M – $540.00M | New |
| Mar 1, 2023 | Adjusted earnings per share | FY2023 | $0.95 – $1.00 | New |
| Mar 1, 2023 | Free cash flow | FY2023 | $265.00M – $275.00M | New |
| Mar 1, 2023 | Global systemwide sales growth | FY2023 | +6% – +8% | New |
| Mar 1, 2023 | Cash flows from operations | FY2023 | $340.00M – $360.00M | New |
| Nov 9, 2022 | Capital expenditures | FY2022 | $90.00M – $95.00M | Lowered |
| Nov 9, 2022 | Adjusted EBITDA | FY2022 | $490.00M – $500.00M | Lowered |
| Nov 9, 2022 | Adjusted earnings per share | FY2022 | $0.84 – $0.88 | Reaffirmed |
| Nov 9, 2022 | Free cash flow | FY2022 | $215.00M – $225.00M | Reaffirmed |
| Nov 9, 2022 | Global systemwide sales growth | FY2022 | +6% – +7% | Lowered |
| Nov 9, 2022 | Cash flows from operations | FY2022 | $305.00M – $320.00M | Lowered |
| Aug 10, 2022 | Capital expenditures | FY2022 | $90.00M – $100.00M | Reaffirmed |
| Aug 10, 2022 | Adjusted EBITDA | FY2022 | $490.00M – $505.00M | Reaffirmed |
| Aug 10, 2022 | Adjusted earnings per share | FY2022 | $0.84 – $0.88 | Raised |
| Aug 10, 2022 | Free cash flow | FY2022 | $215.00M – $225.00M | Reaffirmed |
| Aug 10, 2022 | Global systemwide sales growth | FY2022 | +6% – +8% | Reaffirmed |
| Aug 10, 2022 | Cash flows from operations | FY2022 | $305.00M – $325.00M | Reaffirmed |
| May 11, 2022 | Capital expenditures | FY2022 | $90.00M – $100.00M | Reaffirmed |
| May 11, 2022 | Adjusted EBITDA | FY2022 | $490.00M – $505.00M | Reaffirmed |
| May 11, 2022 | Adjusted earnings per share | FY2022 | $0.82 – $0.86 | Lowered |
| May 11, 2022 | Free cash flow | FY2022 | $215.00M – $225.00M | Lowered |
| May 11, 2022 | Global systemwide sales growth | FY2022 | +6% – +8% | Reaffirmed |
| May 11, 2022 | Cash flows from operations | FY2022 | $305.00M – $325.00M | Lowered |
| Mar 1, 2022 | Capital expenditures | FY2022 | $90.00M – $100.00M | New |
| Mar 1, 2022 | Adjusted EBITDA | FY2022 | $490.00M – $505.00M | New |
| Mar 1, 2022 | Adjusted earnings per share | FY2022 | $0.87 – $0.91 | New |
| Mar 1, 2022 | Free cash flow | FY2022 | $230.00M – $240.00M | New |
| Mar 1, 2022 | Global systemwide sales growth | FY2022 | +6% – +8% | New |
| Mar 1, 2022 | Cash flows from operations | FY2022 | $320.00M – $340.00M | New |
| Nov 10, 2021 | Capital expenditures | FY2021 | $75.00M – $85.00M | New |
| Nov 10, 2021 | Adjusted EBITDA | FY2021 | $465.00M – $470.00M | New |
| Nov 10, 2021 | Adjusted earnings per share | FY2021 | $0.79 – $0.80 | New |
| Nov 10, 2021 | Free cash flow | FY2021 | $270.00M – $280.00M | New |
| Nov 10, 2021 | Global systemwide sales growth | FY2021 | +11% – +12% | New |
| Nov 10, 2021 | Cash flows from operations | FY2021 | $345.00M – $365.00M | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Wendy's filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Update
- Update
- Results
- Update
- Results
- Results
- Update
- Results
- Update
- Update
- Results
- Results
- Results
- News