Wendy’s Forecasts 2026 EPS of $0.56–$0.60 as Stock Hits Six-Year Low
Wendy’s shares fell to a six-year low after U.S. same-restaurant sales plunged 11.3% while revenue of $543 million and adjusted EPS of $0.16 marginally beat estimates. The company forecast 2026 EPS of $0.56–$0.60 versus expectations of $0.86, with flat systemwide sales outlook triggering analyst target cuts and elevated bearish positioning.
1. Quarter Results
Wendy’s reported adjusted EPS of $0.16 on revenue of $543 million, modestly above analyst forecasts. U.S. same-restaurant sales fell 11.3%, while company-operated margins contracted to 12.7% from 16.5% due to softer traffic and higher food and labor costs.
2. 2026 Outlook
Management projected 2026 adjusted EPS between $0.56 and $0.60 versus consensus of $0.86, and indicated global systemwide sales would be roughly flat. This cautious guidance undercuts growth expectations and raises questions about the pace of the turnaround plan.
3. Analyst Response and Market Reaction
Following the outlook, analysts cut price targets to the $8–$9 range, maintaining neutral ratings. Short interest remains elevated at over 50% of float, while technical indicators show the stock trading well below its 20- and 100-day moving averages, reflecting bearish momentum.