While Wendy's demonstrated strong international growth and maintained a focus on long-term strategic initiatives, the call highlighted significant challenges in the U.S. market with declining sales and a revised outlook reflecting a more competitive and dynamic consumer environment. Marketing and operational complexities further compounded these issues, though efforts to streamline and improve execution were noted.

Company Guidance

During the second quarter of fiscal 2025, Wendy's experienced a 1.8% decline in global systemwide sales, primarily due to a 3.6% decrease in U.S. same-restaurant sales. Despite this, Wendy's international segment showed strong performance with systemwide sales growth of 8.7% and a 23.9% increase in adjusted EBITDA. The company opened 118 new restaurants, maintaining a net new unit growth target of 2% to 3% for the year. Adjusted EBITDA for the quarter was $146.6 million, and earnings per share reached $0.29. Wendy's returned over $88 million to shareholders through dividends and share repurchases. Looking ahead, the company anticipates a 3% to 5% decline in full-year global systemwide sales, with adjusted EBITDA expected to range between $505 million and $525 million, and adjusted EPS between $0.82 and $0.89. Wendy's remains focused on improving customer satisfaction scores, which have already shown improvement, and advancing strategic priorities to strengthen its foundation and drive long-term growth.

International Business Growth

The International segment delivered systemwide sales growth of 8.7% and grew adjusted EBITDA by 23.9%, showcasing strong performance and strategic investments enhancing global capabilities.

Net Unit Growth

Wendy's opened 118 new restaurants in the first half of the year, on track to deliver between 2% to 3% net new unit growth for the full year.

Adjusted EBITDA and EPS Increase

The company delivered adjusted EBITDA of $146.6 million and earnings per share of $0.29, both above the second quarter last year due to increased productivity and cost management.

Frosty Sales Surge

New launches of Frosty Swirls and Frosty Fusions led to Frosty sales increasing over 30% year-over-year in the second quarter.

Strong Free Cash Flow Generation

Wendy's generated $109.5 million of free cash flow in the first half of the year, demonstrating strong financial health.

Wendy's (WEN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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WEN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.20 / -	0.25	―	―	―
Aug 08, 2025	2025 (Q2)	0.25 / 0.29	0.27	7.41% (+0.02)	―
May 02, 2025	2025 (Q1)	0.20 / 0.20	0.23	-13.04% (-0.03)
Feb 13, 2025	2024 (Q4)	0.24 / 0.25	0.21	19.05% (+0.04)
Oct 31, 2024	2024 (Q3)	0.25 / 0.25	0.27	-7.41% (-0.02)
Aug 01, 2024	2024 (Q2)	0.28 / 0.27	0.24	12.50% (+0.03)
May 02, 2024	2024 (Q1)	0.21 / 0.23	0.21	9.52% (+0.02)
Feb 15, 2024	2023 (Q4)	0.23 / 0.21	0.22	-4.55% (-0.01)
Nov 02, 2023	2023 (Q3)	0.25 / 0.27	0.24	12.50% (+0.03)
Aug 09, 2023	2023 (Q2)	0.27 / 0.24	0.24	0.00% (0.00)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

WEN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 08, 2025	$9.96	$10.09	+1.31%
May 02, 2025	$12.34	$12.40	+0.49%
Feb 13, 2025	$13.82	$14.34	+3.76%
Oct 31, 2024	$19.47	$18.32	-5.91%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.