The earnings call reflected a mixed performance for Wendy's. While the international segment showed strong growth and the company succeeded with certain product innovations like the Frosty platform, challenges in the U.S. market, particularly in sales declines and the impact of a competitive environment, led to a downward revision in the company's outlook. The company's focus on improving execution and leveraging new data capabilities is expected to address these issues moving forward.

Company Guidance -

Q3 2025

During The Wendy's Company earnings call for the second quarter of fiscal 2025, the company provided several key metrics and updates. Wendy's reported a global systemwide sales decline of 1.8% and U.S. same-restaurant sales down by 3.6%. However, the international segment showed strong growth, with an 8.7% increase in systemwide sales and a 23.9% rise in adjusted EBITDA. The company opened 118 new restaurants year-to-date, aiming for a net unit growth of 2% to 3% for the full year. Adjusted EBITDA for the quarter was $146.6 million, and earnings per share were $0.29, both above the previous year's second quarter. Looking ahead, Wendy's updated its full-year 2025 outlook, anticipating global systemwide sales to decline between 3% and 5%, with adjusted EBITDA projected between $505 million and $525 million, and adjusted EPS expected to be between $0.82 and $0.89. The company emphasized a simplified programming strategy for the remainder of 2025, focusing on chicken innovation and a new beverage lineup.

Strong International Performance

The International segment delivered systemwide sales growth of 8.7% and grew adjusted EBITDA by 23.9% in the second quarter.

Successful Frosty Innovation

Frosty sales increased over 30% year-over-year in the second quarter, driven by new additions to the Frosty platform.

Expansion of Global Footprint

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

Improved Customer Satisfaction

Customer satisfaction scores for both traditional and digital orders improved in the U.S., correlating with potential future sales growth.

Strong Free Cash Flow Generation

The company generated $109.5 million of free cash flow in the first half of the year.

Shareholder Returns

Wendy's returned over $262 million to shareholders through dividends and share repurchases in the first half of the year.

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

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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.