WEN Stock - The Wendy's Company
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $2.25B | $2.18B | $2.10B | $1.90B | $1.73B |
| Gross Profit | $790.01M | $776.47M | $720.76M | $536.66M | $621.48M |
| Gross Margin | 35.2% | 35.6% | 34.4% | 28.3% | 35.8% |
| Operating Income | $371.36M | $381.98M | $353.31M | $366.96M | $269.31M |
| Net Income | $194.36M | $204.44M | $177.37M | $200.39M | $117.83M |
| Net Margin | 8.7% | 9.4% | 8.5% | 10.6% | 6.8% |
| EPS | $0.95 | $0.98 | $0.83 | $0.91 | $0.53 |
The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company. It operates through three segments: Wendy's U.S., Wendy's International, and Global Real Estate & Development. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of January 2, 2022, it operated approximately 403 company-operated restaurants; 5,535 franchised restaurants in the United States; and 1,006 franchised restaurants internationally. The company also owns and leases real estate properties. It owns 485 and leases 1,235 properties, which are leased or subleased to franchisees. The company was formerly known as Wendy's/Arby's Group, Inc. and changed its name to The Wendy's Company in July 2011. The Wendy's Company was founded in 1969 and is headquartered in Dublin, Ohio.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 3rd 2025 | JP Morgan | Downgrade | Neutral | $9 |
| October 28th 2025 | Mizuho | Initiation | Underperform | $8 |
| September 25th 2025 | Northcoast | Downgrade | Sell | $7 |
| September 23rd 2025 | Argus | Downgrade | Hold | - |
| May 14th 2025 | Guggenheim | Downgrade | Neutral | - |
| May 5th 2025 | JP Morgan | Upgrade | Overweight | $15 |
| February 26th 2025 | JP Morgan | Resumed | Neutral | $17← $20 |
| January 21st 2025 | Morgan Stanley | Downgrade | Underweight | $14← $22 |
| June 13th 2024 | Goldman | Initiation | Sell | $16 |
| April 12th 2024 | Stephens | Resumed | Equal Weight | $20 |
| February 22nd 2024 | Bernstein | Downgrade | Market Perform | $20← $24 |
| February 21st 2024 | JP Morgan | Downgrade | Neutral | $19← $22 |
| January 16th 2024 | Gordon Haskett | Downgrade | Hold | $21 |
| January 3rd 2024 | Barclays | Downgrade | Equal Weight | $21← $23 |
| December 21st 2023 | Wedbush | Downgrade | Neutral | $21 |
Earnings History & Surprises
WENEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 30, 2026 | — | — | — | — |
Q1 2026 | Feb 12, 2026 | $0.14 | — | — | — |
Q4 2025 | Nov 7, 2025 | $0.20 | $0.24 | +20.0% | ✓ BEAT |
Q3 2025 | Aug 8, 2025 | $0.25 | $0.29 | +16.0% | ✓ BEAT |
Q2 2025 | May 2, 2025 | $0.20 | $0.20 | 0.0% | = MET |
Q1 2025 | Feb 13, 2025 | $0.24 | $0.25 | +4.2% | ✓ BEAT |
Q4 2024 | Oct 31, 2024 | $0.25 | $0.25 | 0.0% | = MET |
Q3 2024 | Aug 1, 2024 | $0.28 | $0.27 | -3.6% | ✗ MISS |
Q2 2024 | May 2, 2024 | $0.21 | $0.23 | +9.5% | ✓ BEAT |
Q1 2024 | Feb 15, 2024 | $0.23 | $0.21 | -8.7% | ✗ MISS |
Q4 2023 | Nov 2, 2023 | $0.25 | $0.27 | +8.0% | ✓ BEAT |
Q3 2023 | Aug 9, 2023 | $0.27 | $0.28 | +3.7% | ✓ BEAT |
Q2 2023 | May 10, 2023 | $0.20 | $0.21 | +5.0% | ✓ BEAT |
Q1 2023 | Mar 1, 2023 | $0.20 | $0.22 | +10.0% | ✓ BEAT |
Q4 2022 | Nov 9, 2022 | $0.23 | $0.24 | +4.3% | ✓ BEAT |
Q3 2022 | Aug 10, 2022 | $0.22 | $0.24 | +9.1% | ✓ BEAT |
Q2 2022 | May 11, 2022 | $0.18 | $0.17 | -5.6% | ✗ MISS |
Q1 2022 | Mar 1, 2022 | $0.15 | $0.16 | +6.7% | ✓ BEAT |
Q4 2021 | Nov 10, 2021 | $0.18 | $0.19 | +5.6% | ✓ BEAT |
Q3 2021 | Aug 11, 2021 | $0.18 | $0.27 | +50.0% | ✓ BEAT |
Latest News
Goldman Sachs Maintains Sell on Wendy's, Lowers Price Target to $8
📉 NegativeJP Morgan Downgrades Wendy's to Neutral, Lowers Price Target to $9
📉 NegativeShares of restaurant stocks are trading higher after NY Fed President Williams indicated he sees room for a further policy adjustment in the near term. This has lifted overall market sentiment.
📈 PositiveUBS Maintains Neutral on Wendy's, Lowers Price Target to $9.5
📉 NegativeRBC Capital Maintains Sector Perform on Wendy's, Lowers Price Target to $9
📉 NegativeEvercore ISI Group Maintains In-Line on Wendy's, Lowers Price Target to $11
📉 NegativeTD Cowen Maintains Hold on Wendy's, Lowers Price Target to $9
📉 NegativeWendy's Shares Resume Trade
➖ NeutralA silver lining for Wendy's as it loses ground to fast-food rivals
📉 NegativeWendy's delivers a suprise beat as international sales offset soft U.S. markets
📈 PositiveWendy's Affirms FY2025 Adj EPS Guidance of $0.82-$0.89 vs $0.86 Est
➖ NeutralWendy's Q3 Adj. EPS $0.24 Beats $0.20 Estimate, Sales $549.516M Beat $534.457M Estimate
📈 PositiveStifel Maintains Hold on Wendy's, Lowers Price Target to $11
📉 NegativeMizuho Initiates Coverage On Wendy's with Underperform Rating, Announces Price Target of $8
📉 NegativeBarclays Maintains Equal-Weight on Wendy's, Lowers Price Target to $9
📉 NegativeGoldman Sachs Maintains Sell on Wendy's, Lowers Price Target to $9
📉 NegativeJefferies Maintains Hold on Wendy's, Lowers Price Target to $9
📉 NegativeWendy's Rolls Out Project Fresh To Provide Roadmap Across Brand Revitalization, System Optimization, Operational Excellence, Reallocation Of Capital And Resources
📈 PositiveWendy's Dropping Tendys From Menu, Launching All-New Chicken Tenders Globally
📈 PositiveNorthcoast Research Downgrades Wendy's to Sell, Announces $7 Price Target
📉 NegativeFrequently Asked Questions about WEN
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