WEN

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 7, 2026) - 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 international

•

U.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 million

•

Reported diluted earnings per share was $0.17 and adjusted earnings per share was $0.18

•

Net 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.”

1

Operational Highlights

2025

2026

Second Quarter

US

Intl

Global

US

Intl

Global

Systemwide Sales Growth (1) (2)

(3.3)%

8.7%

(1.8)%

(8.2)%

3.4%

(6.5)%

Same-Restaurant Sales Growth (1)

(2)

(3.6)%

1.8%

(2.9)%

(7.0)%

(2.3)%

(6.3)%

Systemwide Sales (In US$ Millions) (2) (3)

$3,131.3

$528.9

$3,660.2

$2,875.8

$546.7

$3,422.5

Restaurant Openings - Total / Net

21 / 9

23 / 17

44 / 26

21 / (81)

27 / 10

48 / (71)

Quarter End Restaurant Count

5,967

1,367

7,334

5,724

1,456

7,180

Year-to-Date

US

Intl

Global

US

Intl

Global

Systemwide Sales Growth (1) (2)

(3.0)%

8.8%

(1.4)%

(7.7)%

4.6%

(6.0)%

Same-Restaurant Sales Growth (1)

(2)

(3.2)%

2.1%

(2.5)%

(7.4)%

(1.4)%

(6.5)%

Systemwide Sales (In US$ Millions) (2) (3)

$6,047.4

$1,002.1

$7,049.5

$5,578.7

$1,064.7

$6,643.4

Restaurant Openings - Total / Net

49 / 34

69 / 60

118 / 94

44 / (245)

54 / 28

98 / (217)

(1) Systemwide sales growth and same-restaurant sales growth are calculated on a constant currency basis and include sales by both Company-operated and franchise restaurants.

(2) Excludes Argentina.

(3) Systemwide sales include sales at both Company-operated and franchise restaurants.

Financial Highlights

Second Quarter

Year-to-Date

2025

2026

B / (W)

2025

2026

B / (W)

($ In Millions Except Per Share Amounts)

(Unaudited)

Total Revenues

$ 560.9

$ 570.6

1.7 %

$ 1,084.4

$ 1,111.2

2.5 %

Adjusted Revenues (1)

$ 449.6

$ 443.2

(1.4 )%

$ 872.7

$ 875.4

0.3 %

U.S. Company-Operated Restaurant Margin

16.2 %

13.8 %

(240 )bps

15.6 %

12.7 %

(290 )bps

General and Administrative Expense

$ 59.5

$ 66.2

(11.3 )%

$ 127.7

$ 139.0

(8.8 )%

Operating Profit

$ 104.3

$ 79.3

(24.0 )%

$ 187.4

$ 144.2

(23.1 )%

Net Income

$ 55.1

$ 32.6

(40.8 )%

$ 94.3

$ 55.3

(41.4 )%

Adjusted EBITDA (1)

$ 146.6

$ 124.1

(15.4 )%

$ 271.2

$ 235.4

(13.2 )%

Reported Diluted Earnings Per Share

$ 0.29

$ 0.17

(41.4 )%

$ 0.48

$ 0.29

(39.6 )%

Adjusted Earnings Per Share (1)

$ 0.29

$ 0.18

(37.9 )%

$ 0.49

$ 0.30

(38.8 )%

Cash Flow from Operations

$ 146.0

$ 160.0

9.6 %

Free Cash Flow (1)

$ 109.5

$ 120.3

9.9 %

(1)

See “Disclosure Regarding Non-GAAP Financial Measures” and the reconciliation tables that accompany this release for a discussion and reconciliation of the non-GAAP financial measures included in this release.

Second Quarter Financial Highlights

Systemwide Sales

The decrease in global systemwide sales was primarily driven by lower U.S. same-restaurant sales and a decrease in the number of restaurants in the U.S.

Total Revenues

The increase in total reported revenues resulted primarily f

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8-K

Wendy's Co false 0000030697 0000030697 2026-02-13 2026-02-13

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): February 13, 2026

THE WENDY’S COMPANY

(Exact name of registrant, as specified in its charter)

Delaware

1-2207

38-0471180

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

One Dave Thomas Boulevard, Dublin, Ohio

43017

(Address of principal executive offices)

(Zip Code) (614) 764-3100 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $.10 par value

WEN

The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On February 13, 2026, The Wendy’s Company (the “Company”) issued a press release reporting its financial results for the fourth quarter and fiscal year ended December 28, 2025 and other information. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. In addition, presentation materials that will accompany the Company’s conference call scheduled for today (February 13, 2026) at 8:30 a.m. (ET) are available on the Company’s investor relations website at www.irwendys.com. The information in this Item 2.02, including the Exhibit 99.1 furnished under Item 9.01, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section. Furthermore, the information in this Item 2.02, including the Exhibit 99.1 furnished under Item 9.01, shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended or the Exchange Act.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Description

99.1

Press release issued by The Wendy’s Company on February 13, 2026.

104

Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

THE WENDY’S COMPANY

Date:  February 13, 2026

By:

/s/ Mark L. Johnson

Mark L. Johnson

Director – Corporate & Securities Counsel, and Assistant Secretary