WEN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$8.46

Market Cap

$1.61B

P/E (TTM)

9.9

EPS (TTM)

$0.85

Revenue (TTM)

$2.18B

Div Yield

8.0%

ROE

143.4%

Debt/Equity

23.5

52W Range

$6 – $11

WEN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $2.18B

2017-01-01 → 2025-12-28

EPS $0.85

2017-01-01 → 2025-12-28

Free Cash Flow $243M

2017-01-01 → 2025-12-28

Margins 7.6%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

WEN

Peer Median

P/E (TTM)

9.9

25.6

P/S (TTM)

0.7

0.6

P/B

13.7

3.6

EV / EBITDA

8.2

—

Price / FCF

6.6

—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

WEN

Peer Median

Operating Margin

15.8%

—

Net Profit Margin

7.6%

0.92%

ROA

3.3%

0.90%

ROE

143.4%

3.3%

ROIC

8.7%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

WEN

Peer Median

Debt / Equity

23.5

128.3

Current Ratio

1.8

0.7

Quick Ratio

1.2

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

WEN

Peer Median

Revenue YoY

-3.1%

—

Revenue CAGR 3Y

1.3%

—

Revenue CAGR 5Y

4.7%

—

EPS YoY

-10.5%

—

Net Income YoY

-15.1%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

WEN

Peer Median

EPS (Diluted)

$0.85

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

WEN

Peer Median

Payout Ratio

78.5%

—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield

8.0%

Payout Ratio

78.5%

5Y Div CAGR

—

Ex-date	Amount
June 1, 2026	$0.1400
March 2, 2026	$0.1400
Dec. 1, 2025	$0.1400
Sept. 2, 2025	$0.1400
June 2, 2025	$0.1400
March 3, 2025	$0.2500
Dec. 2, 2024	$0.2500
Sept. 3, 2024	$0.2500
June 3, 2024	$0.2500
Feb. 29, 2024	$0.2500
Nov. 30, 2023	$0.2500
Aug. 31, 2023	$0.2500
May 31, 2023	$0.2500
Feb. 28, 2023	$0.2500
Nov. 30, 2022	$0.1250
Aug. 31, 2022	$0.1250
May 31, 2022	$0.1250
March 4, 2022	$0.1250
Nov. 30, 2021	$0.1200
Aug. 31, 2021	$0.1200

WEN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

HOLD 33 analysts

Strong Buy 2 6.1%
Buy 2 6.1%
Hold 19 57.6%
Sell 8 24.2%
Strong Sell 2 6.1%

12-Month Price Target

19 analysts · 2026-08-14

Median $8.00

Now $8.46

Low $5.00

High $13.00

Median target $8.00 -5.4%

Mean target $7.79 -7.9%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

0.02%

Period	EPS Actual	EPS Est	Surprise
June 30, 2026	$0.18	$0.17	0.01%
March 31, 2026	$0.12	$0.10	0.02%
Dec. 31, 2025	$0.16	$0.15	0.01%
Sept. 30, 2025	$0.24	$0.20	0.04%
June 30, 2025	$0.29	$0.26	0.03%
March 31, 2025	$0.20	$0.20	-0.00%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
WEN	$1.59B	9.8	-3.1%	7.6%	143.4%	—
CAKE	$2.50B	16.5	4.8%	4.0%	33.7%	—
WING	$7.06B	41.3	11.3%	25.0%	-24.5%	—
SHAK	—	74.5	15.4%	3.2%	9.2%	—
BJRI	$837M	18.3	3.1%	3.5%	13.0%	—
CBRL	$1.31B	28.7	0.37%	1.3%	10.1%	—
BLMN	$579M	67.9	0.14%	0.21%	3.5%	—
PZZA	$1.29B	43.7	-0.27%	1.5%	-7.0%	—
FWRG	$966M	51.3	20.3%	1.6%	3.2%	—

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 15

Annual Income Statement data for WEN
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$2.18B	$2.25B	$2.18B	$2.10B	$1.90B	$1.73B	$1.71B	$1.59B	$1.22B	$1.44B	$1.87B	$2.00B
Cost of Revenue	$792M	$783M	$794M	$773M	$612M	$615M	$598M	$549M	$518M	$752M	$1.18B	$1.36B
SG&A Expense	$253M	$255M	$250M	$255M	$243M	$207M	$200M	$217M	$204M	$237M	$257M	$261M
Operating Expenses	$1.83B	$1.88B	$1.80B	$1.74B	$1.53B	$1.46B	$1.45B	$1.34B	$1.01B	$1.12B	$1.60B	$1.76B
Operating Income	$343M	$371M	$382M	$353M	$367M	$269M	$263M	$250M	$215M	$315M	$274M	$243M
Interest Expense	·	·	$124M	$122M	$109M	$118M	$116M	$120M	$118M	$115M	$86M	$52M
Other Non-op	$13M	$25M	$30M	$10M	$681.0K	$1M	$8M	$5M	$2M	$989.0K	$806.0K	$747.0K
Pretax Income	$227M	$272M	$279M	$244M	$241M	$153M	$171M	$575M	$101M	$202M	$234M	$193M
Income Tax	$62M	$78M	$75M	$66M	$40M	$35M	$35M	$115M	$-93M	$72M	$94M	$76M
Net Income	$165M	$194M	$204M	$177M	$200M	$118M	$137M	$460M	$194M	$130M	$161M	$121M
EPS (Basic)	$0.85	$0.95	$0.98	$0.83	$0.91	$0.53	$0.60	$1.93	$0.79	$0.49	$0.50	$0.33
EPS (Diluted)	$0.85	$0.95	$0.97	$0.82	$0.89	$0.52	$0.58	$1.88	$0.77	$0.49	$0.49	$0.32
Shares (Basic)	193,406,000	204,351,000	209,486,000	213,766,000	221,375,000	223,684,000	229,944,000	237,797,000	244,179,000	262,209,000	323,018,000	370,160,000
Shares (Diluted)	194,032,000	205,614,000	211,534,000	215,839,000	224,405,000	228,014,000	235,075,000	244,963,000	252,289,000	266,712,000	328,725,000	376,182,000
EBITDA	$496M	$515M	$518M	$487M	$492M	$402M	$394M	$379M	$340M	$439M	$428M	$411M

Balance Sheet 29

Annual Balance Sheet data for WEN
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$301M	$451M	$516M	$746M	$249M	$307M	$300M	$431M	$171M	$198M	$327M	$267M
Receivables	$105M	$87M	$105M	$99M	$102M	$94M	$101M	·	·	·	·	·
Inventory	$7M	$7M	$7M	$7M	$6M	$5M	$4M	$4M	$3M	$3M	$4M	$7M
Prepaid Expense	$55M	$46M	$40M	$27M	$31M	$90M	$16M	$14M	$20M	$19M	$70M	$72M
Current Assets	$618M	$736M	$838M	$1.06B	$593M	$688M	$554M	$666M	$404M	$453M	$617M	$562M
PP&E (Net)	$938M	$908M	$891M	$896M	$907M	$916M	$977M	$1.02B	$1.06B	$1.19B	$1.23B	$1.24B
PP&E (Gross)	$1.80B	$1.73B	$1.67B	$1.62B	$1.58B	$1.54B	$1.57B	$1.55B	$1.75B	$1.61B	$1.63B	$1.66B
Accum. Depreciation	$865M	$822M	$778M	$723M	$673M	$626M	$592M	$531M	$490M	$415M	$406M	$423M
Goodwill	$774M	$771M	$774M	$773M	$775M	$751M	$756M	$748M	$743M	$741M	$771M	$823M
Intangibles	$1.17B	$1.19B	$1.22B	$1.25B	$1.28B	$1.22B	$1.25B	$1.29B	$1.32B	$1.32B	$1.34B	$1.35B
Other Non-current Assets	$190M	$185M	$179M	$171M	$139M	$120M	$100M	$97M	$80M	$50M	$95M	$56M
Total Assets	$4.96B	$5.03B	$5.18B	$5.50B	$5.10B	$5.04B	$4.99B	$4.29B	$4.10B	$3.94B	$4.11B	$4.14B
Accounts Payable	$30M	$28M	$27M	$44M	$41M	$31M	$23M	$22M	$23M	$28M	$54M	$77M
Accrued Liabilities	$117M	$118M	$135M	$116M	$141M	$155M	$165M	$151M	$112M	$102M	$124M	$126M
Current Liabilities	$351M	$398M	$382M	$388M	$427M	$413M	$350M	$284M	$227M	$230M	$269M	$340M
Capital Leases	$660M	$704M	$739M	$792M	$853M	$865M	$898M	$447M	·	·	·	·
Deferred Tax	$288M	$263M	$270M	$270M	$268M	$281M	$271M	$269M	$299M	$447M	$460M	$494M
Other Non-current Liabilities	$75M	$84M	$90M	$99M	$113M	$118M	$130M	$245M	$262M	$247M	$224M	$200M
Total Liabilities	$4.84B	$4.78B	$4.87B	$5.03B	$4.66B	$4.49B	$4.48B	$3.64B	$3.52B	$3.41B	$3.36B	$2.42B
Long-term Debt	$2.76B	$2.74B	$2.76B	$2.85B	$2.38B	$2.25B	$2.28B	$2.33B	·	·	·	·
Total Debt	$2.76B	$2.74B	$2.76B	$2.85B	$2.38B	$2.25B	$2.28B	·	·	·	·	·
Common Stock	$47M	$47M	$47M	$47M	$47M	$47M	$47M	$47M	$47M	$47M	$47M	$47M
Paid-in Capital	$2.99B	$2.98B	$2.96B	$2.94B	$2.90B	$2.90B	$2.87B	$2.88B	$2.89B	$2.88B	$2.87B	$2.83B
Retained Earnings	$435M	$400M	$410M	$415M	$344M	$239M	$186M	$146M	$-163M	$-291M	$-357M	$-446M
Treasury Stock	$3.29B	$3.09B	$3.05B	$2.87B	$2.81B	$2.59B	$2.54B	$2.37B	$2.15B	$2.04B	$1.74B	$679M
AOCI	$-64M	$-75M	$-58M	$-64M	$-48M	$-50M	$-54M	$-62M	$-46M	$-63M	$-71M	$-31M
Stockholders' Equity	$117M	$259M	$310M	$466M	$436M	$550M	$516M	$648M	$573M	$528M	$753M	$1.72B
Liabilities + Equity	$4.96B	$5.03B	$5.18B	$5.50B	$5.10B	$5.04B	$4.99B	$4.29B	$4.10B	$3.94B	$4.11B	$4.14B
Shares Outstanding	190,324,000	203,834,000	205,397,000	213,101,000	215,849,000	224,268,000	224,889,000	231,233,000	240,512,000	246,574,000	272,315,000	·

Cash Flow 19

Annual Cash Flow data for WEN
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	$152M	$143M	$136M	$133M	$126M	$133M	$132M	$129M	$126M	$124M	$154M	$160M
Stock-based Comp	$15M	$23M	$24M	$25M	$22M	$19M	$19M	$18M	$21M	$18M	$23M	$28M
Deferred Tax	$23M	$-6M	$-807.0K	$4M	$-14M	$10M	$837.0K	$-7M	$-119M	$-14M	$89M	$70M
Amort. of Intangibles	$63M	$62M	$59M	$59M	$55M	$53M	$53M	$52M	$47M	$49M	$55M	$42M
Restructuring	$-125.0K	$9M	$9M	$698.0K	$9M	$16M	$17M	$9M	$23M	$10M	$22M	$32M
Other Non-cash	$-11M	$226.0K	$-18M	$-80M	$12M	$5M	$787.0K	$-376M	$30M	$-76M	$-215M	$-124M
Operating Cash Flow	$345M	$355M	$345M	$260M	$346M	$284M	$289M	$224M	$239M	$194M	$274M	$255M
CapEx	$102M	$94M	$85M	$86M	$78M	$69M	$74M	$70M	$82M	$150M	$252M	$298M
Investing Cash Flow	$-151M	$-129M	$-87M	$-78M	$-155M	$-68M	$-55M	$363M	$-92M	$107M	$35M	$-188M
Debt Issued	$476M	$0	$0	$500M	$1.10B	$153M	$850M	$935M	$31M	$0	$2.29B	$0
Net Debt Issued	$22M	$-29M	$-95M	$473M	$130M	$-38M	$-50M	$35M	$-28M	$-25M	$967M	$-38M
Stock Repurchased	$201M	$77M	$190M	$52M	$269M	$62M	$218M	$270M	$126M	$337M	$1.10B	$301M
Net Stock Activity	$-201M	$-77M	$-190M	$-52M	$-269M	$-62M	$-218M	$-270M	$-126M	$-337M	$-1.10B	$-301M
Dividends Paid	$130M	$204M	$209M	$107M	$95M	$65M	$96M	$81M	$68M	$64M	$72M	$75M
Financing Cash Flow	$-344M	$-303M	$-504M	$289M	$-243M	$-158M	$-365M	$-306M	$-216M	$-412M	$-238M	$-375M
Net Change in Cash	$-146M	$-85M	$-243M	$465M	$-51M	$60M	$-128M	$274M	$-63M	$-109M	$60M	$-313M
Taxes Paid	$49M	$74M	$75M	$48M	$55M	$16M	$35M	$103M	$29M	$78M	$41M	$16M
Free Cash Flow	$243M	$261M	$260M	$174M	$268M	$215M	$214M	$154M	$170M	$31M	$-39M	$-44M
Levered FCF	·	·	$170M	$85M	$177M	$125M	$122M	$59M	$-57M	$-42M	$-91M	$-75M

Profitability 7

Annual Profitability data for WEN
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Operating Margin	15.8%	16.5%	17.5%	16.9%	19.3%	15.5%	15.4%	15.7%	17.5%	21.9%	14.7%	12.2%
Net Margin	7.6%	8.6%	9.4%	8.5%	10.6%	6.8%	8.0%	28.9%	15.9%	9.0%	8.6%	5.9%
Pretax Margin	10.4%	12.1%	12.8%	11.6%	12.7%	8.8%	10.0%	36.2%	8.3%	14.1%	12.5%	9.8%
EBITDA Margin	22.8%	22.9%	23.7%	23.2%	26.0%	23.2%	23.1%	23.8%	27.8%	30.6%	22.9%	20.0%
ROA	3.3%	3.8%	3.8%	3.4%	4.0%	2.4%	2.9%	11.0%	4.8%	3.2%	3.9%	2.9%
ROE	143.4%	74.9%	62.7%	39.3%	40.9%	22.0%	23.5%	64.3%	37.5%	21.5%	13.1%	6.7%
ROIC	8.7%	8.8%	9.1%	7.8%	10.8%	7.4%	7.5%	30.8%	72.0%	38.3%	21.8%	8.8%

Liquidity & Solvency 5

Annual Liquidity & Solvency data for WEN
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	1.8	1.9	2.2	2.7	1.4	1.7	1.6	2.3	1.8	2.0	2.3	1.7
Quick Ratio	1.2	1.4	1.6	2.2	0.8	1.0	0.9	1.5	0.8	0.9	1.2	0.8
Debt / Equity	23.5	10.6	8.9	6.1	5.5	4.1	4.4	·	·	·	·	·
LT Debt / Equity	23.3	10.3	8.8	6.1	5.4	4.0	4.4	·	·	·	·	·
Interest Coverage	·	·	3.1	2.9	3.4	2.3	2.3	2.1	1.8	2.7	3.2	4.8

Efficiency 3

Annual Efficiency data for WEN
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover	0.4	0.4	0.4	0.4	0.4	0.3	0.4	0.4	0.3	0.4	0.5	0.5
Inventory Turnover	113.8	118.5	115.0	118.4	114.7	142.6	157.7	160.3	170.8	207.9	212.0	147.2
Receivables Turnover	22.7	23.4	21.5	20.9	19.4	17.9	·	·	·	·	·	·

Per Share 6

Annual Per Share data for WEN
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$0.62	$1.27	$1.51	$2.19	$2.02	$2.45	$2.30	$2.80	$2.38	$2.14	·	·
Revenue / Share	$11.22	$10.93	$10.31	$9.71	$8.45	$7.60	$7.27	$6.49	$4.85	$5.38	$5.69	$5.48
Cash Flow / Share	$1.78	$1.73	$1.63	$1.20	$1.54	$1.25	$1.23	$0.92	$1.00	$0.68	$0.65	$0.68
Cash / Share	$1.58	$2.21	$2.51	$3.50	$1.16	$1.37	$1.33	$1.87	$0.71	$0.80	·	·
Dividend Paid / Share	$1	$1	$1	$0	$0	$0	$0	$0	$0	$0	$0	$0
EPS (TTM)	$0.85	$0.95	$0.97	$0.82	$0.89	$0.52	$0.58	$1.88	$0.77	$0.49	$0.49	$0.32

Growth Rates 10

Annual Growth Rates data for WEN
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	-3.1%	3.0%	4.1%	10.5%	9.4%	·	·	·	·	·	·	·
Revenue CAGR 3Y	1.3%	5.8%	8.0%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	4.7%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	-10.5%	-2.1%	18.3%	-7.9%	71.2%	·	·	·	·	·	·	·
EPS CAGR 3Y	1.2%	2.2%	23.1%	·	·	·	·	·	·	·	·	·
EPS CAGR 5Y	10.3%	·	·	·	·	·	·	·	·	·	·	·
Net Income YoY	-15.1%	-4.9%	15.3%	-11.5%	70.1%	·	·	·	·	·	·	·
Net Income CAGR 3Y	-2.4%	-1.0%	20.2%	·	·	·	·	·	·	·	·	·
Net Income CAGR 5Y	7.0%	·	·	·	·	·	·	·	·	·	·	·
Dividend CAGR 5Y	14.8%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 16

Annual Valuation (TTM) data for WEN
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$2.18B	$2.25B	$2.18B	$2.10B	$1.90B	$1.73B	$1.71B	$1.59B	$1.22B	$1.44B	$1.87B	$2.00B
Net Income TTM	$165M	$194M	$204M	$177M	$200M	$118M	$137M	$460M	$194M	$130M	$161M	$121M
Market Cap	$1.59B	$3.36B	$4.00B	$4.82B	$5.15B	$4.92B	$4.98B	$3.61B	$3.95B	$3.33B	·	·
Enterprise Value	$4.05B	$5.65B	$6.25B	$6.93B	$7.28B	$6.86B	$6.96B	·	·	·	·	·
P/E	9.8	17.4	20.1	27.6	26.8	42.2	38.2	8.3	21.3	27.6	22.0	27.9
P/S	0.7	1.5	1.8	2.3	2.7	2.8	2.9	2.3	3.2	2.3	·	·
P/B	13.5	13.0	12.9	10.4	11.8	8.9	9.7	5.6	6.9	6.3	·	·
P / Cash Flow	4.6	9.5	11.6	18.6	14.9	17.3	17.2	16.1	15.7	18.4	·	·
P / FCF	6.6	12.9	15.4	27.7	19.2	22.8	23.2	23.4	23.2	106.2	·	·
EV / EBITDA	8.2	11.0	12.1	14.2	14.8	17.1	17.7	·	·	·	·	·
EV / FCF	16.7	21.7	24.0	39.7	27.2	31.8	32.5	·	·	·	·	·
EV / Revenue	1.9	2.5	2.9	3.3	3.8	4.0	4.1	·	·	·	·	·
Dividend Yield	8.2%	6.1%	5.2%	2.2%	1.8%	1.3%	1.9%	2.2%	1.7%	1.9%	·	·
Earnings Yield	10.2%	5.8%	5.0%	3.6%	3.7%	2.4%	2.6%	12.0%	4.7%	3.6%	4.5%	3.6%
Payout Ratio	78.5%	105.2%	102.4%	60.2%	47.3%	55.0%	70.4%	17.5%	35.2%	49.2%	44.6%	61.9%
Annual Payout	$130M	$204M	$209M	$107M	$95M	$65M	$96M	$81M	$68M	$64M	$72M	$75M

Income Statement 15

Quarterly Income Statement data for WEN
Metric	Q2 2027	Q1 2027	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q4 2022
Revenue	$571M	$541M	$543M	$550M	$561M	$523M	$574M	$567M	$571M	$535M	$603M	$562M	$529M	$609M
Cost of Revenue	$207M	$201M	$203M	$204M	$197M	$188M	$196M	$196M	$200M	$192M	$212M	$201M	$197M	$234M
SG&A Expense	$66M	$73M	$67M	$58M	$59M	$68M	$67M	$63M	$61M	$64M	$63M	$63M	$62M	$78M
Operating Expenses	$491M	$476M	$479M	$457M	$457M	$440M	$478M	$472M	$471M	$454M	$489M	$452M	$444M	$510M
Operating Income	$79M	$65M	$64M	$92M	$104M	$83M	$96M	$95M	$100M	$81M	$113M	$109M	$84M	$99M
Interest Expense	·	·	·	·	·	·	·	·	$31M	$31M	·	$31M	$32M	·
Other Non-op	$3M	$3M	$2M	$3M	$3M	$5M	$6M	$6M	$6M	$7M	$14M	$8M	$7M	$9M
Pretax Income	$49M	$34M	$33M	$63M	$76M	$55M	$70M	$70M	$75M	$57M	$94M	$79M	$55M	$73M
Income Tax	$16M	$11M	$7M	$19M	$21M	$16M	$23M	$19M	$20M	$15M	$27M	$19M	$15M	$22M
Net Income	$33M	$23M	$26M	$44M	$55M	$39M	$47M	$50M	$55M	$42M	$68M	$60M	$40M	$50M
EPS (Basic)	$0.17	$0.12	$0.13	$0.23	$0.29	$0.20	$0.23	$0.25	$0.27	$0.20	$0.34	$0.28	$0.19	$0.24
EPS (Diluted)	$0.17	$0.12	$0.14	$0.23	$0.29	$0.19	$0.23	$0.25	$0.27	$0.20	$0.33	$0.28	$0.19	$0.25
Shares (Basic)	190,426,000	190,293,000	-389,980,000	190,794,000	191,949,000	200,643,000	-409,204,000	203,264,000	204,919,000	205,372,000	-429,304,000	210,624,000	212,547,000	-438,860,000
Shares (Diluted)	191,212,000	190,900,000	-391,552,000	191,253,000	192,714,000	201,617,000	-411,796,000	204,254,000	206,185,000	206,971,000	-434,590,000	212,928,000	215,029,000	-444,297,000
EBITDA	$117M	$105M	·	$130M	$141M	$120M	·	$132M	$137M	$117M	·	$143M	$118M	·

Balance Sheet 29

Quarterly Balance Sheet data for WEN
Metric	Q2 2027	Q1 2027	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q4 2022
Cash & Equivalents	$341M	$299M	$301M	$291M	$281M	$335M	$451M	$482M	$465M	$498M	$516M	$635M	$676M	$746M
Receivables	·	·	$105M	·	·	·	$87M	·	·	·	·	·	·	·
Inventory	$7M	$7M	$7M	$7M	$6M	$6M	$7M	$6M	$6M	$6M	·	$7M	$6M	·
Prepaid Expense	$79M	$73M	$55M	$55M	$53M	$48M	$46M	$33M	$40M	$39M	·	$30M	$30M	·
Current Assets	$678M	$652M	$618M	$641M	$600M	$644M	$736M	$783M	$791M	$868M	·	$967M	$1.00B	·
PP&E (Net)	$896M	$908M	$938M	$924M	$916M	$907M	$908M	$894M	$895M	$891M	$891M	$889M	$885M	$896M
PP&E (Gross)	·	·	$1.80B	·	·	·	$1.73B	·	·	·	·	·	·	·
Accum. Depreciation	·	·	$865M	·	·	·	$822M	·	·	·	·	·	·	·
Goodwill	$773M	$774M	$774M	$775M	$773M	$772M	$771M	$773M	$773M	$773M	$774M	$774M	$773M	$773M
Intangibles	$1.15B	$1.16B	$1.17B	$1.18B	$1.18B	$1.18B	$1.19B	$1.20B	$1.20B	$1.21B	·	$1.23B	$1.24B	·
Other Non-current Assets	$188M	$191M	$190M	$187M	$190M	$187M	$185M	$184M	$185M	$184M	·	$184M	$179M	·
Total Assets	$4.88B	$4.92B	$4.96B	$4.98B	$4.89B	$4.92B	$5.03B	$5.07B	$5.09B	$5.19B	·	$5.35B	$5.41B	·
Accounts Payable	$21M	$24M	$30M	$27M	$27M	$25M	$28M	$29M	$26M	$26M	·	$39M	$45M	·
Accrued Liabilities	$125M	$115M	$117M	$138M	$124M	$139M	$118M	$129M	$116M	$144M	·	$132M	$134M	·
Current Liabilities	$357M	$356M	$351M	$794M	$415M	$434M	$398M	$373M	$365M	$425M	·	$390M	$400M	·
Capital Leases	$596M	$627M	$660M	$680M	$690M	$684M	$704M	$713M	$714M	$729M	·	$765M	$777M	·
Deferred Tax	$289M	$288M	$288M	$291M	$265M	$263M	$263M	$270M	$270M	$271M	·	$275M	$273M	·
Other Non-current Liabilities	$72M	$73M	$75M	$78M	$78M	$81M	$84M	$85M	$87M	$90M	·	$95M	$96M	·
Total Liabilities	$4.76B	$4.81B	$4.84B	$4.87B	$4.78B	$4.79B	$4.78B	$4.81B	$4.81B	$4.90B	·	$4.96B	$4.99B	·
Long-term Debt	$2.75B	$2.75B	$2.76B	$2.72B	$2.73B	$2.73B	$2.74B	$2.75B	$2.75B	$2.76B	·	$2.81B	$2.82B	·
Total Debt	$2.75B	$2.75B	·	$2.72B	$2.73B	$2.73B	·	$2.75B	$2.75B	$2.76B	·	·	·	·
Common Stock	$47M	$47M	$47M	$47M	$47M	$47M	$47M	$47M	$47M	$47M	·	$47M	$47M	·
Paid-in Capital	$2.99B	$2.99B	$2.99B	$2.98B	$2.99B	$2.98B	$2.98B	$2.97B	$2.96B	$2.96B	·	$2.95B	$2.94B	·
Retained Earnings	$437M	$431M	$435M	$435M	$418M	$389M	$400M	$403M	$404M	$400M	·	$408M	$401M	·
Treasury Stock	$3.28B	$3.29B	$3.29B	$3.29B	$3.28B	$3.22B	$3.09B	$3.10B	$3.08B	$3.05B	·	$2.95B	$2.91B	·
AOCI	$-71M	$-67M	$-64M	$-67M	$-63M	$-73M	$-75M	$-61M	$-65M	$-63M	$-58M	$-59M	$-64M	$-64M
Stockholders' Equity	$120M	$116M	$117M	$109M	$113M	$130M	$259M	$260M	$274M	$294M	$310M	$391M	$420M	$466M
Liabilities + Equity	$4.88B	$4.92B	$4.96B	$4.98B	$4.89B	$4.92B	$5.03B	$5.07B	$5.09B	$5.19B	·	$5.35B	$5.41B	·
Shares Outstanding	190,639,000	190,450,000	190,324,000	190,311,000	191,345,000	195,846,000	203,834,000	203,089,000	204,149,000	205,325,000	·	209,969,000	211,701,000	·

Cash Flow 17

Quarterly Cash Flow data for WEN
Metric	Q2 2027	Q1 2027	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q4 2022
D&A	$38M	$41M	$40M	$38M	$37M	$37M	$33M	$37M	$37M	$36M	$36M	$33M	$33M	$35M
Stock-based Comp	$3M	$5M	$5M	$-934.0K	$5M	$6M	$5M	$7M	$6M	$6M	$7M	·	$5M	$7M
Deferred Tax	$419.0K	$956.0K	$-3M	$26M	$516.0K	$306.0K	$-5M	$-361.0K	$-707.0K	$603.0K	$-305.0K	·	$2M	$-6M
Restructuring	$10.0K	$-162.0K	$77.0K	$316.0K	$174.0K	$-692.0K	$49.0K	$354.0K	$2M	$6M	$1M	$681.0K	$7M	$-5M
Other Non-cash	·	$-20M	·	·	·	$-8M	·	·	·	$19M	·	·	$-50M	·
Operating Cash Flow	$101M	$59M	$69M	$129M	$61M	$85M	$69M	$141M	$45M	$100M	$76M	·	$53M	$77M
CapEx	$20M	$12M	$38M	$25M	$21M	$18M	$42M	$18M	$17M	$17M	$29M	·	$12M	$36M
Investing Cash Flow	$-24M	$-14M	$-50M	$-48M	$-31M	$-21M	$-61M	$-25M	$-23M	$-21M	$-31M	·	$-12M	$-32M
Debt Issued	$3M	$15M	$452M	$0	$8M	$15M	$0	$0	$0	$0	$0	·	$0	$0
Net Debt Issued	·	$-7M	·	·	·	$-813.0K	·	·	·	$-7M	·	·	$-39M	·
Stock Repurchased	$2M	$0	$0	$14M	$64M	$123M	$17M	$26M	$27M	$7M	$47M	·	$37M	$0
Net Stock Activity	·	$0	·	·	·	$-123M	·	·	·	$-7M	·	·	$-37M	·
Dividends Paid	$27M	$27M	$27M	$27M	$27M	$49M	$51M	$51M	$51M	$51M	$51M	·	$53M	$27M
Financing Cash Flow	$-42M	$-40M	$-14M	$-57M	$-93M	$-179M	$-53M	$-88M	$-90M	$-73M	$-131M	·	$-132M	$-36M
Net Change in Cash	$33M	$4M	$6M	$22M	$-59M	$-115M	$-51M	$30M	$-68M	$4M	$-84M	·	$-91M	$11M
Free Cash Flow	·	$48M	·	·	·	$68M	·	·	·	$83M	·	·	$41M	·
Levered FCF	·	·	·	·	·	·	·	·	·	$60M	·	·	$18M	·

Profitability 7

Quarterly Profitability data for WEN
Metric	Q2 2027	Q1 2027	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q4 2022
Operating Margin	13.9%	12.0%	·	16.8%	18.6%	15.9%	·	16.7%	17.4%	15.2%	·	19.5%	16.0%	·
Net Margin	5.7%	4.2%	·	8.1%	9.8%	7.5%	·	8.9%	9.6%	7.8%	·	10.6%	7.5%	·
Pretax Margin	8.5%	6.3%	·	11.5%	13.5%	10.5%	·	12.3%	13.1%	10.7%	·	14.1%	10.4%	·
EBITDA Margin	20.6%	19.5%	·	23.7%	25.2%	22.9%	·	23.2%	24.0%	21.8%	·	25.4%	22.3%	·
ROA	0.67%	0.46%	·	0.88%	1.1%	0.78%	·	0.97%	1.1%	0.79%	·	·	·	·
ROE	28.0%	18.5%	·	24.0%	28.5%	18.5%	·	16.7%	16.4%	11.8%	·	·	·	·
ROIC	1.9%	1.5%	·	2.3%	2.7%	2.1%	·	2.3%	2.4%	1.9%	·	·	·	·

Liquidity & Solvency 5

Quarterly Liquidity & Solvency data for WEN
Metric	Q2 2027	Q1 2027	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q4 2022
Current Ratio	1.9	1.8	·	0.8	1.4	1.5	·	2.1	2.2	2.0	·	·	·	·
Quick Ratio	1.0	0.8	·	0.4	0.7	0.8	·	1.3	1.3	1.2	·	·	·	·
Debt / Equity	22.8	23.8	·	24.9	24.2	21.0	·	10.6	10.0	9.4	·	·	·	·
LT Debt / Equity	22.6	23.6	·	21.1	23.5	20.4	·	10.5	9.9	9.3	·	·	·	·
Interest Coverage	·	·	·	·	·	·	·	·	3.2	2.7	·	3.5	2.7	·

Efficiency 2

Quarterly Efficiency data for WEN
Metric	Trend	Q2 2027	Q1 2027	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q4 2022
Asset Turnover		0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	·	·	·
Inventory Turnover		31.1	31.4	·	31.0	31.0	30.6	·	30.0	30.9	30.6	·	·	·	·

Per Share 6

Quarterly Per Share data for WEN
Metric	Q2 2027	Q1 2027	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q4 2022
Book Value / Share	$0.63	$0.61	·	$0.57	$0.59	$0.67	·	$1.28	$1.34	$1.43	·	·	·	·
Revenue / Share	$2.98	$2.83	·	$2.87	$2.91	$2.60	·	$2.77	$2.77	$2.58	·	$2.64	$2.46	·
Cash Flow / Share	·	$0.31	·	·	·	$0.42	·	·	·	$0.48	·	·	$0.25	·
Cash / Share	$1.79	$1.57	·	$1.53	$1.47	$1.71	·	$2.37	$2.28	$2.43	·	·	·	·
Dividend Paid / Share	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
EPS (TTM)	$0.81	$0.83	·	$0.96	$1.00	$0.91	·	$1.00	$1.03	$0.95	·	$0.95	$0.89	·

Valuation (TTM) 14

Quarterly Valuation (TTM) data for WEN
Metric	Q2 2027	Q1 2027	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q4 2022
Revenue TTM	$2.22B	$2.17B	·	$2.20B	$2.22B	$2.20B	·	$2.22B	$2.22B	$2.18B	·	$2.16B	$2.13B	·
Net Income TTM	$155M	$161M	·	$189M	$199M	$186M	·	$205M	$214M	$199M	·	$201M	$189M	·
Market Cap	$1.49B	$1.30B	·	$1.75B	$2.21B	$2.87B	·	$3.61B	$3.46B	$3.87B	·	·	·	·
Enterprise Value	$3.89B	$3.75B	·	$4.19B	$4.66B	$5.26B	·	$5.88B	$5.75B	$6.13B	·	·	·	·
P/E	9.6	8.2	·	9.6	11.6	16.1	·	17.8	16.5	19.8	·	22.9	24.5	·
P/S	0.7	0.6	·	0.8	1.0	1.3	·	1.6	1.6	1.8	·	·	·	·
P/B	12.3	11.2	·	16.1	19.6	22.0	·	13.9	12.6	13.2	·	·	·	·
P / Cash Flow	·	21.8	·	·	·	33.5	·	·	·	38.7	·	·	·	·
P / FCF	·	27.3	·	·	·	42.3	·	·	·	46.8	·	·	·	·
EV / EBITDA	33.2	35.6	·	32.1	33.0	44.0	·	44.6	42.0	52.5	·	·	·	·
EV / FCF	·	79.0	·	·	·	77.7	·	·	·	74.1	·	·	·	·
EV / Revenue	1.8	1.7	·	1.9	2.1	2.4	·	2.6	2.6	2.8	·	·	·	·
Earnings Yield	10.4%	12.2%	·	10.4%	8.6%	6.2%	·	5.6%	6.1%	5.0%	·	4.4%	4.1%	·
Payout Ratio	·	117.3%	·	·	·	126.0%	·	·	·	122.3%	·	·	133.3%	·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2025-12-28	2024-12-29	2023-12-31	2023-01-01	2022-01-02
Revenue	$2.18B	$2.25B	$2.18B	$2.10B	$1.90B
Operating Margin %	15.8%	16.5%	17.5%	16.9%	19.3%
Net Income	$165M	$194M	$204M	$177M	$200M
Diluted EPS	$0.85	$0.95	$0.97	$0.82	$0.89

Balance Sheet

	2025-12-28	2024-12-29	2023-12-31	2023-01-01	2022-01-02
Debt / Equity	23.5	10.6	8.9	6.1	5.5
Current Ratio	1.8	1.9	2.2	2.7	1.4
Quick Ratio	1.2	1.4	1.6	2.2	0.8

Cash Flow

	2025-12-28	2024-12-29	2023-12-31	2023-01-01	2022-01-02
Free Cash Flow	$243M	$261M	$260M	$174M	$268M

Latest News Recent headlines mentioning this company

Should You Worry That Another Brinker Executive Sold? Here's What Investors Should Know Nasdaq · 1 day ago
Nelson Peltz Reportedly Preparing Bid to Buy Wendy’s Yahoo Finance · 5 days, 4 hours ago
Don't Chase Wendy's Meme Stock Rally. Here Are 2 Restaurant Stocks With Actual Growth Stories. Nasdaq · 1 month, 2 weeks ago
Wall Street Bets Investors Are Bullish Again on Wendy’s. How to Play WEN Stock Amid a Meme Surge Here. Yahoo Finance · 1 month, 3 weeks ago
What Investors Should Know About Wendy's Sudden Surge Nasdaq · 1 month, 3 weeks ago
The Next Meme Stock: Wendy's Stock Skyrockets Amid Retail Frenzy Yahoo Finance · 1 month, 3 weeks ago
Wendy's gets the meme stock treatment after Reddit's WallStreetBets calls for a rescue Yahoo Finance · 1 month, 3 weeks ago
Stock Market Today, June 24: Wendy's Soars As it Becomes the Latest Meme Stock, Names Steve Cirulis New CFO Nasdaq · 1 month, 3 weeks ago
Why Wendy’s (WEN) Is Back in the Takeover Spotlight Yahoo Finance · 3 months ago
Nelson Peltz Reportedly Wants to Take Wendy's Private. What That Means for WEN Stock. Yahoo Finance · 3 months ago

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

RANGE @ $6.91 RR 2.38 Mar 27

My Metrics Your personal watchlist — selected rows from Full Fundamentals

📊

Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.

Your selection is saved and follows you across all tickers.

Institutional owners (13F) 473 filers · $1.2B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
105 (+22 vs prior Q)	74 (-6 vs prior Q)	130 (0 vs prior Q)	138 (-6 vs prior Q)	+27.1M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution	Value	Shares	% of tracked 13F	Type
TRIAN FUND MANAGEMENT, L.P.	$123,881,333	14,943,466	10.74%	Shares
VANGUARD PORTFOLIO MANAGEMENT LLC	$85,401,358	10,301,732	7.40%	Shares
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN	$66,286,592	8,005,627	5.75%	Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$62,371,025	7,523,646	5.41%	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$57,402,530	6,924,310	4.98%	Shares
STATE STREET CORP	$54,440,306	6,566,985	4.72%	Shares
JANE STREET GROUP, LLC	$50,236,571	6,059,900	4.36%	Put option
HARRIS ASSOCIATES L P	$46,317,366	5,587,137	4.02%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$35,463,791	4,277,900	3.07%	Call option
GEODE CAPITAL MANAGEMENT, LLC	$30,510,980	3,679,666	2.65%	Shares
DIMENSIONAL FUND ADVISORS LP	$27,185,968	3,279,369	2.36%	Shares
CITADEL ADVISORS LLC	$26,825,611	3,235,900	2.33%	Put option
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$24,439,749	2,948,100	2.12%	Put option
Caption Management, LLC	$21,136,184	2,549,600	1.83%	Put option
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	$20,517,750	2,475,000	1.78%	Shares
Point72 Asset Management, L.P.	$15,879,785	1,915,535	1.38%	Shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	$15,850,148	1,911,960	1.37%	Shares
Bank of New York Mellon Corp	$14,879,290	1,794,848	1.29%	Shares
JANE STREET GROUP, LLC	$14,083,052	1,698,800	1.22%	Call option
Connor, Clark & Lunn Investment Management Ltd.	$13,820,458	1,667,124	1.20%	Shares
PEAK6 LLC	$12,189,483	1,470,384	1.06%	Shares
GOLDMAN SACHS GROUP INC	$11,905,882	1,436,174	1.03%	Shares
CITADEL ADVISORS LLC	$11,651,595	1,405,500	1.01%	Call option
TWO SIGMA INVESTMENTS, LP	$11,344,409	1,368,445	0.98%	Shares
Gotham Asset Management, LLC	$11,191,749	1,350,030	0.97%	Shares
BANK OF AMERICA CORP /DE/	$9,537,214	1,150,448	0.83%	Shares
VANGUARD FIDUCIARY TRUST CO	$9,316,526	1,123,827	0.81%	Shares
Quantinno Capital Management LP	$8,374,584	1,010,203	0.73%	Shares
ELEMENT CAPITAL MANAGEMENT LLC	$8,290,000	1,000,000	0.72%	Call option
ELEMENT CAPITAL MANAGEMENT LLC	$7,461,000	900,000	0.65%	Shares
Sound Income Strategies, LLC	$6,502,576	784,388	0.56%	Shares
MARSHALL WACE, LLP	$6,501,640	784,275	0.56%	Shares
JANUS HENDERSON GROUP PLC	$5,882,091	846,344	0.51%	Shares
PEAK6 LLC	$5,817,093	701,700	0.50%	Call option
TWO SIGMA ADVISERS, LP	$5,604,466	672,805	0.49%	Shares
D. E. Shaw & Co., Inc.	$4,977,316	600,400	0.43%	Call option
Cubist Systematic Strategies, LLC	$4,930,990	538,318	0.43%	Shares
ALPS ADVISORS INC	$4,886,358	589,428	0.42%	Shares
Quinn Opportunity Partners LLC	$4,858,379	586,053	0.42%	Shares
Soviero Asset Management, LP	$4,725,300	570,000	0.41%	Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	$4,678,047	564,300	0.41%	Call option
Public Sector Pension Investment Board	$4,495,004	542,220	0.39%	Shares
Advisors Asset Management, Inc.	$4,423,787	271,398	0.38%	Shares
Converium Capital Inc.	$4,145,000	500,000	0.36%	Shares
GOLDMAN SACHS GROUP INC	$3,868,943	466,700	0.34%	Put option
AMERIPRISE FINANCIAL INC	$3,802,299	458,661	0.33%	Shares
RHUMBLINE ADVISERS	$3,709,191	447,433	0.32%	Shares
Walleye Trading LLC	$3,579,622	431,800	0.31%	Call option
FIRST TRUST ADVISORS LP	$3,530,123	425,829	0.31%	Shares
Walleye Trading LLC	$3,333,409	402,100	0.29%	Put option
Balyasny Asset Management L.P.	$3,316,000	400,000	0.29%	Put option
Baird Financial Group, Inc.	$3,234,319	390,147	0.28%	Shares
Caitong International Asset Management Co., Ltd	$3,036,702	366,309	0.26%	Shares
ExodusPoint Capital Management, LP	$2,872,593	346,513	0.25%	Shares
AMERICAN CENTURY COMPANIES INC	$2,825,738	340,861	0.24%	Shares
Walleye Trading LLC	$2,804,126	338,254	0.24%	Shares
Walleye Capital LLC	$2,754,767	332,300	0.24%	Call option
Swiss National Bank	$2,691,763	324,700	0.23%	Shares
Venture Visionary Partners LLC	$2,633,876	317,717	0.23%	Shares
ALLIANCEBERNSTEIN L.P.	$2,533,650	364,554	0.22%	Shares
WINTON GROUP Ltd	$2,417,182	291,578	0.21%	Shares
Parallax Volatility Advisers, L.P.	$2,362,650	285,000	0.20%	Call option
D. E. Shaw & Co., Inc.	$2,315,397	279,300	0.20%	Put option
GROUP ONE TRADING LLC	$2,213,040	266,953	0.19%	Shares
BlackRock, Inc.	$2,163,309	260,954	0.19%	Shares
SIMPLEX TRADING, LLC	$2,129,444	256,869	0.18%	Shares
XTX Topco Ltd	$2,074,374	250,226	0.18%	Shares
Caption Management, LLC	$2,072,500	250,000	0.18%	Call option
Summit Financial, LLC	$2,028,607	244,705	0.18%	Shares
Legal & General Group Plc	$1,963,677	236,873	0.17%	Shares
Centiva Capital, LP	$1,930,741	232,900	0.17%	Call option
CenterBook Partners LP	$1,763,872	212,771	0.15%	Shares
COMMONWEALTH EQUITY SERVICES, LLC	$1,741,105	210,025	0.15%	Shares
UBS Group AG	$1,718,103	207,250	0.15%	Shares
Sculptor Capital LP	$1,658,000	200,000	0.14%	Shares
Sculptor Capital LP	$1,658,000	200,000	0.14%	Put option
ExodusPoint Capital Management, LP	$1,650,000	200,000	0.14%	Call option
MORGAN STANLEY	$1,642,109	198,083	0.14%	Shares
GUGGENHEIM CAPITAL LLC	$1,619,758	195,387	0.14%	Shares
BNP PARIBAS FINANCIAL MARKETS	$1,603,808	193,463	0.14%	Shares
RENAISSANCE TECHNOLOGIES LLC	$1,540,133	185,782	0.13%	Shares
Leonteq Securities AG	$1,516,009	182,872	0.13%	Shares
Soviero Asset Management, LP	$1,492,200	180,000	0.13%	Call option
Brevan Howard Capital Management LP	$1,450,427	174,961	0.13%	Shares
SummitTX Capital, L.P.	$1,392,214	167,939	0.12%	Shares
PRUDENTIAL FINANCIAL INC	$1,392,090	167,924	0.12%	Shares
Quantbot Technologies LP	$1,327,486	160,131	0.12%	Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	$1,271,572	182,960	0.11%	Shares
Hudson Bay Capital Management LP	$1,243,500	150,000	0.11%	Call option
Summit Trail Advisors, LLC	$1,204,545	145,301	0.10%	Shares
LPL Financial LLC	$1,203,633	145,191	0.10%	Shares
RAYMOND JAMES FINANCIAL INC	$1,171,076	141,264	0.10%	Shares
VANGUARD ASSET MANAGEMENT, Ltd	$1,151,091	138,853	0.10%	Shares
Schonfeld Strategic Advisors LLC	$1,132,065	136,558	0.10%	Shares
Mirae Asset Global Investments Co., Ltd.	$1,095,242	132,116	0.09%	Shares
BANK OF NOVA SCOTIA	$1,090,649	131,213	0.09%	Shares
VICTORY CAPITAL MANAGEMENT INC	$1,063,665	128,307	0.09%	Shares
BARCLAYS PLC	$1,054,637	127,218	0.09%	Shares
Kingsview Wealth Management, LLC	$1,028,779	148,026	0.09%	Shares
STATE OF WISCONSIN INVESTMENT BOARD	$994,800	120,000	0.09%	Call option

Company insiders 76 insiders · 36 officers · 27 directors

Insider	Role	Last activity	Shares owned	Buys 12m	Net 12m
Robert D. Wright	President & CEO	June 15, 2026 A	0	0	$0
Kirk Tanner	President & CEO	June 16, 2025 A	73,275	0	$0
Todd Allan Penegor	President & CEO	Dec. 15, 2023 A	685,805	0	$0
Thomas A Garrett	Pres & CEO of ARG	Dec. 18, 2008 A	579,668	0	$0
Gregory H Sachs	Chm & CEO Deerfield & Company	April 19, 2007 G	100	0	$0
Douglas N Benham	Pres. & CEO of Arby's, LLC	June 27, 2005 P	8,500	0	$0
Steven Cirulis	CFO & Chf Strategy Ofc	June 23, 2026 A	—	0	$0
Kenneth M. Cook	Chief Financial Officer	June 15, 2026 A	1,500	0	$0
Gunther Plosch	Chief Financial Officer	Sept. 17, 2024 A	166,062	0	$0
Leigh A. Burnside	SVP, CAO & CFO US	Jan. 17, 2023 M	78,081	0	$0
Stephen E Hare	SVP & CFO	Aug. 23, 2013 M	336,637	0	$0
Francis T Mccarron	EVP and CFO	June 29, 2007 F	8,710	0	$0
Abigail E. Pringle	President, U.S.	June 16, 2025 A	177,995	0	$0
Darrell Van Ligten	President - International	March 31, 2015 M	74,470	0	$0
Hala G Moddelmog	President of ARG	July 8, 2010 A	—	0	$0
Lindsay J. Radkoski	CMO, U.S.	Aug. 15, 2026 M	63,168	0	$0
Suzanne M. Thuerk	Chief Accounting Officer	March 16, 2026 A	12,619	0	$0
Matthew Coley O'Brien	Chief People Officer	March 16, 2026 A	106,587	0	$0
Deepak Ajmani	Chief Operations Officer - U.S	Aug. 11, 2024 M	20,463	0	$0
Juan Carlos Loredo	Global Chief Marketing Officer	May 9, 2024 M	27,586	0	$0
John Kevin Vasconi	Chief Information Officer	Dec. 15, 2023 A	—	0	$0
Kurt A Kane	Pres US & Chf Commercial Ofc	Dec. 15, 2022 A	115,163	0	$0
Scott R. Toop	SVP, Gen Counsel & Sec	Aug. 7, 2015 A	123,817	0	$0
Steven B Graham	SVP & Chief Accounting Officer	Sept. 16, 2014 A	42,911	0	$0
Craig S. Bahner	Chief Marketing Officer	Aug. 11, 2014 A	—	0	$0
John D. Barker	SVP & Chief Communications Ofc	June 16, 2014 A	83,519	0	$0
John N. Peters	SVP - North America Operations	Feb. 19, 2014 M	58,175	0	$0
Margaret Roach Nollen	SVP, Investor Rel. & Strategy	Dec. 16, 2013 A	—	0	$0
David J. Karam	Pres. Wendy's Int'l, Inc.	Dec. 30, 2011 M	175,503	0	$0
Sharron L. Barton	SVP and Chief Admin	July 8, 2010 A	213,739	0	$0
Nils H Okeson	SVP & Gen Counsel & Secretary	July 8, 2010 A	15,547	0	$0
Fred H Schaefer	Senior Vice President	Dec. 28, 2007 S	0	0	$0
Stuart I Rosen	Senior VP, GC and Asst. Sec.	Sept. 19, 2007 S	80,400	0	$0
Greg Essner	Senior VP and Treasurer	June 29, 2007 F	61,849	0	$0
TARBELL ANNE A	Senior VP Corp Dev and IR	June 29, 2007 F	92,039	0	$0
Brian L Schorr	Exec. VP and General Counsel	June 29, 2007 F	131,999	0	$0
Bradley G. Peltz	Director	June 29, 2026 A	48,954	0	$0
Peter W. May	Director	June 29, 2026 A	5,567,276	0	$0
Wendy C. Arlin	Director	June 15, 2026 A	3,350	0	$0
Michelle Caruso-Cabrera	Director	May 20, 2026 A	51,663	0	$0
Richard H. Gomez	Director	May 20, 2026 A	62,310	0	$0
Mich J Mathews-Spradlin	Director	May 20, 2026 A	98,740	0	$0
Peter Rothschild	Director	May 20, 2026 A	199,121	0	$0
Arthur B Winkleblack	Director	May 20, 2026 A	118,819	0	$0
Kristin A. Dolan, as the Trustee of the CFD 2010 Grandchildren Trust FBO Aidan Dolan and the CFD 2010 Grandchildren Trust FBO Quentin Dolan	Director	April 3, 2026 A	47,755	0	$0
Matthew Peltz	Director	July 1, 2025 A	132,132	0	$0
Kenneth W Gilbert	Director	March 17, 2025 A	27,804	0	$0
PELTZ NELSON	Director	July 3, 2024 A	9,959,519	0	$0
Joseph A Levato	Director	March 15, 2024 A	30,407	0	$0
Dennis M. Kass	Director	May 18, 2021 A	56,199	0	$0
Ii David E Schwab	Director	May 23, 2016 M	77,066	0	$0
J R Lewis	Director	June 1, 2015 A	134,866	0	$0
Jack Gumpert Wasserman	Director	March 16, 2015 A	92,970	0	$0
SMITH ROLAND	Director	Nov. 13, 2013 M	414,334	0	$0
Raymond S Troubh	Director	May 23, 2013 A	147,970	0	$0
Chajet Clive	Director	May 23, 2013 A	92,730	0	$0
Hugh L Carey	Director	May 28, 2009 A	26,496	0	$0
Russ Umphenour	Director	Sept. 15, 2008 A	3,369,878	0	$0
Gerald Tsai JR	Director	June 5, 2007 A	0	0	$0
Edward P. Garden	10% owner	March 3, 2023 S	21,705,770	0	$0
TRIARC COMPANIES INC	10% owner	March 29, 2008 J	0	0	$0
DWG ACQUISITION GROUP L P	10% owner	July 23, 2004 J	0	0	$0
Aaron M. Kale	—	Aug. 12, 2026 M	14,438	0	$0
Peter J. Suerken JR	—	Aug. 12, 2026 M	6,869	1	$3,940
Matthew P Spessard	—	Aug. 12, 2026 M	31,505	0	$0
John Min	—	Aug. 12, 2026 M	39,060	1	$13,906
E.J. Wunsch	—	Aug. 12, 2026 M	131,764	0	$0
Liliana Esposito	—	Aug. 12, 2026 M	122,257	0	$0
David Trimm	—	Aug. 20, 2018 A	7,601	0	$0
Emil J. Brolick	—	March 28, 2018 M	1,162,555	0	$0
Scott A. Weisberg	—	Feb. 28, 2018 F	218,625	0	$0
Scott A Kriss	—	Aug. 11, 2017 A	30,369	0	$0
Janet Hill	—	Feb. 22, 2017 M	211,316	0	$0
Daniel T Collins	—	June 18, 2008 A	3,150	0	$0
Cheryl Barre	—	June 18, 2008 A	19,041	0	$0
Jonathan P May	—	Nov. 20, 2003 S	2,502	0	$0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 21 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer	Filed	Stake	Status	Purpose	Filing
Nelson Peltz, Peter W. May, Trian Fund Management, L.P., Trian Fund Management GP, LLC, Trian Partners GP, L.P., Trian Partners General Partner, LLC, Trian Partners, L.P., Trian Partners Master Fund, L.P., Trian Partners Parallel Fund I, L.P., Trian Partners Strategic Fund G-II, L.P., Trian Partners Strategic Fund-K, L.P., Matthew Peltz ×32 filings	Feb. 18, 2026	16.24%	Amendment	—	SEC
Nelson Peltz (2), Peter W. May (2), Trian Fund Management, L.P. S.S. OR, Trian Fund Management GP, LLC S.S. OR, Trian Partners GP, L.P. S.S. OR, Trian Partners General Partner, LLC S.S. OR, Trian Partners, L.P. S.S. OR, Trian Partners Master Fund, L.P. S.S. OR, Trian Partners Parallel Fund I, L.P. S.S. OR, Matthew Peltz (2), Trian Partners Strategic Fund G-II, L.P. S.S. OR, Trian Partners Strategic Fund-K, L.P. S.S. OR ×2 filings	Sept. 6, 2024	—	Initial filing	—	SEC
Farallon Capital Partners, L.P., Farallon Capital Institutional Partners, L.P., Farallon Capital Institutional Partners II, L.P., Farallon Capital Institutional Partners III, L.P., Tinicum Partners, L.P., Farallon Capital Offshore Investors II, L.P., Farallon Capital Management, L.L.C., Farallon Partners, L.L.C., William F. Duhamel, Richard B. Fried, Monica R. Landry, Douglas M. MacMahon, William F. Mellin, Stephen L. Millham, Jason E. Moment, Ashish H. Pant, Rajiv A. Patel, Derek C. Schrier [See Item 2], Andrew J. M. Spokes, Thomas F. Steyer, Mark C. Wehrly	Oct. 6, 2008	—	Initial filing	Passive investment	SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person	Sept. 16, 2008	—	Initial filing	Passive investment	SEC
Undisclosed reporting person, Undisclosed reporting person	April 30, 2008	—	Initial filing	M&A / sale	SEC
Triarc Companies, Inc., Nelson Peltz, Peter W. May ×2 filings	April 10, 2008	—	Initial filing	M&A / sale	SEC
Undisclosed reporting person, Undisclosed reporting person	Dec. 26, 2006	—	Initial filing	—	SEC
Undisclosed reporting person, Undisclosed reporting person	Feb. 23, 2006	—	Initial filing	—	SEC
Undisclosed reporting person, Undisclosed reporting person	Jan. 6, 2006	—	Initial filing	—	SEC
Russell V. Umphenour, Jr.	Aug. 4, 2005	—	Initial filing	Passive investment	SEC
PETER W. MAY ×2 filings	May 23, 2005	—	Initial filing	—	SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person	June 29, 2004	—	Initial filing	—	SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person	April 26, 2004	—	Initial filing	—	SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person	Jan. 16, 2004	—	Initial filing	—	SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person	Dec. 4, 2003	—	Initial filing	—	SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person	Sept. 24, 2003	—	Initial filing	—	SEC
Madison West Associates Corp., Triarc Companies, Inc., Nelson Peltz, Peter W. May, Neale M. Albert, DWG Acquisition Group, L.P. ×2 filings	Sept. 4, 2003	—	Initial filing	—	SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person	July 1, 2003	—	Initial filing	—	SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person	April 25, 2003	—	Initial filing	—	SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person	Nov. 12, 2002	—	Initial filing	—	SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person	March 4, 2002	—	Initial filing	Passive investment	SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 65 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund	Weight	Units	As of	Source
DIVY · Tidal Trust I	1.21%	44,496 NS	May 31, 2026	N-PORT
JSMD · Janus Detroit Street Trust	0.64%	906,055 NS	April 30, 2026	N-PORT
OUSM · ALPS ETF Trust	0.49%	555,292 NS	May 31, 2026	N-PORT
PSCD · Invesco Exchange-Traded Fund Trust …	0.46%	14,717 SH	Aug. 8, 2026	Daily
HIDV · AB Active ETFs, Inc.	0.45%	112,196 NS	May 31, 2026	N-PORT
RCGE · EA Series Trust	0.45%	61,007 NS	April 30, 2026	N-PORT
FYT · First Trust Exchange-Traded AlphaDE…	0.35%	91,971 NS	April 30, 2026	N-PORT
FXD · First Trust Exchange-Traded AlphaDE…	0.26%	100,424 NS	April 30, 2026	N-PORT
PRFZ · Invesco Exchange-Traded Fund Trust	0.19%	712,087 SH	Aug. 8, 2026	Daily
RWJ · Invesco Exchange-Traded Fund Trust …	0.16%	428,577 SH	Aug. 8, 2026	Daily
VIOV · VANGUARD ADMIRAL FUNDS	0.14%	335,475 SH	Aug. 8, 2026	Daily
IJS · iShares Trust	0.13%	1,414,290 SH	Aug. 8, 2026	Daily
FYX · First Trust Exchange-Traded AlphaDE…	0.11%	199,248 NS	April 30, 2026	N-PORT
FNDA · SCHWAB STRATEGIC TRUST	0.11%	1,260,177 NS	May 31, 2026	N-PORT
QVMS · Invesco Exchange-Traded Fund Trust …	0.09%	29,296 SH	Aug. 8, 2026	Daily
VTWG · VANGUARD SCOTTSDALE FUNDS	0.08%	164,934 SH	Aug. 8, 2026	Daily
VCR · VANGUARD WORLD FUND	0.08%	632,951 SH	Aug. 8, 2026	Daily
JVAL · J.P. Morgan Exchange-Traded Fund Tr…	0.08%	82,437 NS	April 30, 2026	N-PORT
AVSC · AMERICAN CENTURY ETF TRUST	0.08%	282,434 NS	May 31, 2026	N-PORT
XJR · iShares Trust	0.07%	18,622 SH	Aug. 8, 2026	Daily
FAB · First Trust Exchange-Traded AlphaDE…	0.07%	14,307 NS	April 30, 2026	N-PORT
VIOO · VANGUARD ADMIRAL FUNDS	0.07%	552,445 SH	Aug. 8, 2026	Daily
IWO · iShares Trust	0.07%	1,384,853 SH	Aug. 8, 2026	Daily
IJR · iShares Trust	0.06%	9,645,873 SH	Aug. 8, 2026	Daily
BBSC · J.P. Morgan Exchange-Traded Fund Tr…	0.06%	60,199 NS	April 30, 2026	N-PORT
SAA · ProShares Trust	0.05%	1,890 NS	May 31, 2026	N-PORT
FDIS · FIDELITY COVINGTON TRUST	0.05%	129,944 NS	April 30, 2026	N-PORT
ESML · iShares Trust	0.05%	191,418 SH	Aug. 8, 2026	Daily
JPME · J.P. Morgan Exchange-Traded Fund Tr…	0.05%	29,513 NS	April 30, 2026	N-PORT
SMLF · iShares Trust	0.04%	241,816 SH	Aug. 8, 2026	Daily
VTWO · VANGUARD SCOTTSDALE FUNDS	0.04%	936,147 SH	Aug. 8, 2026	Daily
IWM · iShares Trust	0.04%	4,132,063 SH	Aug. 8, 2026	Daily
ISCV · iShares Trust	0.04%	33,213 SH	Aug. 8, 2026	Daily
IEDI · iShares U.S. ETF Trust	0.03%	1,210 SH	Aug. 8, 2026	Daily
SCHD · SCHWAB STRATEGIC TRUST	0.03%	3,761,968 NS	May 31, 2026	N-PORT
VBR · VANGUARD INDEX FUNDS	0.03%	2,214,200 SH	Aug. 8, 2026	Daily
DFAS · Dimensional ETF Trust	0.03%	578,286 NS	April 30, 2026	N-PORT
SCHA · SCHWAB STRATEGIC TRUST	0.03%	753,911 NS	May 31, 2026	N-PORT
VB · VANGUARD INDEX FUNDS	0.02%	3,485,056 SH	Aug. 8, 2026	Daily
ISCB · iShares Trust	0.02%	6,705 SH	Aug. 8, 2026	Daily
GTO · Invesco Actively Managed Exchange-T…	0.01%	437,436.20	Aug. 8, 2026	Daily
WSML · iShares Trust	0.01%	11,224 SH	Aug. 8, 2026	Daily
VXF · VANGUARD INDEX FUNDS	0.01%	1,808,176 SH	Aug. 8, 2026	Daily
VYM · VANGUARD WHITEHALL FUNDS	0.01%	639,600 SH	Aug. 8, 2026	Daily
FNDB · SCHWAB STRATEGIC TRUST	0.01%	13,220 NS	May 31, 2026	N-PORT
TILT · FlexShares Trust	0.01%	20,328 NS	April 30, 2026	N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS	0.01%	6,105 NS	May 31, 2026	N-PORT
ONEQ · Fidelity Commonwealth Trust	0.01%	84,533 NS	May 31, 2026	N-PORT
IWN · iShares Trust	0.00%	86,527 SH	Aug. 8, 2026	Daily
AVSU · AMERICAN CENTURY ETF TRUST	0.00%	2,488 NS	May 31, 2026	N-PORT
DFAC · Dimensional ETF Trust	0.00%	227,163 NS	April 30, 2026	N-PORT
GVUS · Goldman Sachs ETF Trust	0.00%	1,228 NS	May 31, 2026	N-PORT
GGUS · Goldman Sachs ETF Trust	0.00%	1,232 NS	May 31, 2026	N-PORT
ITOT · iShares Trust	0.00%	231,863 SH	Aug. 8, 2026	Daily
IWV · iShares Trust	0.00%	48,786 SH	Aug. 8, 2026	Daily
SCHB · SCHWAB STRATEGIC TRUST	0.00%	98,853 NS	May 31, 2026	N-PORT
AVUS · AMERICAN CENTURY ETF TRUST	0.00%	29,021 NS	May 31, 2026	N-PORT
DFUS · Dimensional ETF Trust	0.00%	38,560 NS	April 30, 2026	N-PORT
MSLC · MORGAN STANLEY PATHWAY FUNDS	0.00%	6,820 NS	May 31, 2026	N-PORT
VTI · VANGUARD INDEX FUNDS	0.00%	4,851,270 SH	Aug. 8, 2026	Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX…	0.00%	112,121 SH	Aug. 8, 2026	Daily
VTWV · VANGUARD SCOTTSDALE FUNDS	0.00%	7,687 SH	Aug. 8, 2026	Daily
VTHR · VANGUARD SCOTTSDALE FUNDS	0.00%	13,765 SH	Aug. 8, 2026	Daily
EBI · RBB Fund Trust	0.00%	23 NS	May 31, 2026	N-PORT
ESGV · VANGUARD WORLD FUND	0.00%	36,160 SH	Aug. 8, 2026	Daily

WEN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

WEN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

Moving averages & overlays

Volume

Oscillators

Momentum & trend

10-Year Performance Revenue, net income, margins and EPS trends

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Financial Health Debt, liquidity, solvency — balance sheet strength

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Dividends Yield, payout ratio, dividend history, 5Y CAGR

WEN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

12-Month Price Target

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Latest News Recent headlines mentioning this company

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

My Metrics Your personal watchlist — selected rows from Full Fundamentals

Institutional owners (13F) 473 filers · $1.2B total · As of June 30, 2026

Company insiders 76 insiders · 36 officers · 27 directors

Activists & 5%+ owners 21 positions

ETF ownership Held by 65 ETFs