Wendys Q2 adj revenue misses on decrease in global systemwide sales
WEN•Outlook
- Wendys withdraws its 2026 financial outlook as new leadership assesses business opportunities
Overview
- U.S. fast-food chain's Q2 adjusted revenue missed, while adjusted EPS and EBITDA beat expectations
- Global systemwide sales fell 6.5%, driven by lower U.S. same-restaurant sales and fewer restaurants
- Company withdrew 2026 outlook and cut dividend to fund turnaround plan under new leadership
Result drivers
- U.S. sales decline - Drop in global systemwide sales was primarily driven by lower U.S. same-restaurant sales and fewer U.S. restaurants
- Margin pressure - Lower U.S. company-operated restaurant margin was due to commodity inflation, declining traffic, and labor rate inflation, partially offset by higher average check and labor efficiencies
- Higher admin costs - Increased general and administrative expense resulted from investments in professional services and employee compensation
Key details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue |
