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Investment Highlights Market Valuation Price Chart Return vs. Risk About WEN Interactive Breakdown Better Bets vs. WEN Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Wendy's (WEN)

Market Price (10/26/2025): $9.0 | Market Cap: $1.7 Bil
Sector: Consumer Discretionary | Industry: Restaurants

Wendy's (WEN)

Market Price (10/26/2025): $9.0
Market Cap: $1.7 Bil
Sector: Consumer Discretionary
Industry: Restaurants

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 21%, Dividend Yield is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 17%, FCF Yield is 15%		 Weak multi-year price returns
2Y Excs Rtn is -108%, 3Y Excs Rtn is -132%		 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 221%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%		 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%		 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -1.7%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -33%		  
3 Low stock price volatility
Vol 12M is 32%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 21%, Dividend Yield is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 17%, FCF Yield is 15%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -33%
3 Low stock price volatility
Vol 12M is 32%
4 Weak multi-year price returns
2Y Excs Rtn is -108%, 3Y Excs Rtn is -132%
5 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%
6 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 221%
7 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -1.7%

Market Valuation & Key Metrics

WENS&P 500
REVENUE GROWTH 
Rev LTM ($ Bil)2.2
Rev Chg Q-1.7%6.4%
Rev Chg LTM1.3%5.3%
Rev Chg 3Y Avg4.2%5.4%
PROFITABILITYFAIR
Op Inc LTM ($ Bil)0.4
CFO LTM ($ Bil)0.4
Net Inc LTM ($ Bil)0.2
Op Mgn LTM17.5%18.7%
CFO/Rev LTM16.0%20.5%
Net Inc Mgn8.6%12.7%
VALUATIONLOW
P/S0.83.3
P/CFO4.916.1
P/FCF6.720.9
P/E9.024.0
STABILITYPOOR
Debt/Equity2.370.21
Cash/Assets0.060.07

WEN Stock

   
   
   
   
   
   
   

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
WEN Return0%11%-3%-10%-11%-43%-50%
Peers Return58%25%-23%38%21%-24%95%
S&P 500 Return16%27%-19%24%23%15%110%

Monthly Win Rates [3]
WEN Win Rate50%50%42%33%33%33% 
Peers Win Rate48%43%32%42%42%31% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
WEN Max Drawdown-66%-11%-32%-16%-16%-45% 
Peers Max Drawdown-36%-7%-29%-1%-11%-30% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: MCD, CMG, SHAK, FAT, BRCB. See WEN Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/24/2025 (YTD)

How Low Can It Go

Unique KeyEventWENS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-44.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven79.7%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-68.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven220.5%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven205 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-18.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven22.9%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven109 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-86.8%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven655.5%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven3955 days1480 days

Compare to MCD, CMG, SHAK, FAT, BRCB


In The Past

Wendy's's stock fell -44.3% during the 2022 Inflation Shock from a high on 6/8/2021. A -44.3% loss requires a 79.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Wendy's (WEN)

Better Bets than Wendy's (WEN)

 WENBetter Performance than WEN
MetricValueIndustry (Restaurants)
Rev Chg LTM1.3%CMG (8.6%), YUM (11.3%), QSR (21.8%), DRI (8.3%), YUMC (3.5%)
Rev Chg 3Y Avg4.2%SBUX (4.7%), CMG (12.5%), YUM (5.9%), QSR (14.2%), DRI (8.2%)
Op Mgn LTM17.5%MCD (46.1%), YUM (30.8%), QSR (25.8%), DPZ (19.1%), WING (25.5%)
CFO/Rev LTM16.0%MCD (37.6%), CMG (18.1%), YUM (23.2%), QSR (17.4%), WING (16.2%)
FCF/Rev LTM11.5%MCD (26.5%), CMG (12.7%), YUM (19.4%), QSR (14.9%), DPZ (13.0%)
Total Yield21.5%
 WENBetter Performance than WEN
MetricValueAll Other Sectors
Rev Chg LTM1.3%NVDA (71.6%), AAPL (6.0%), MSFT (14.9%), GOOGL (13.1%), META (19.4%)
Rev Chg 3Y Avg4.2%NVDA (92.0%), MSFT (12.5%), GOOGL (10.2%), META (13.0%), AVGO (24.0%)
Op Mgn LTM17.5%NVDA (58.1%), AAPL (31.9%), MSFT (45.6%), GOOGL (32.7%), META (42.9%)
CFO/Rev LTM16.0%NVDA (46.6%), AAPL (26.6%), MSFT (48.3%), GOOGL (36.0%), META (56.4%)
FCF/Rev LTM11.5%NVDA (43.6%), AAPL (23.5%), MSFT (25.4%), GOOGL (18.0%), META (30.7%)
Total Yield21.5%BIDU (66.8%), ERIC (78.2%), JBS (96.6%), RCI (35.6%), BAP (30.5%)
 Best Bets In Consumer Discretionary Sector
 WENABNB BKNG MCD LOPE PRDO ALSN CROX GRMN WH YUM
What You Pay           
P/E9.030.034.726.025.816.09.119.530.716.927.9
P/EBIT4.430.221.418.120.211.76.817.027.410.016.3
What You Get           
Rev Chg Q-1.7%12.7%16.0%5.4%8.8%26.6%-0.2%3.4%20.4%-3.5%9.6%
Rev Chg LTM1.3%10.2%11.7%1.2%6.5%6.3%2.7%2.0%19.6%3.4%11.3%
Rev Chg 3Y Avg4.2%16.3%19.9%3.4%5.8%1.7%8.0%14.5%11.0%-2.5%5.9%
FCF/Rev 3Y Avg11.2%40.5%34.6%27.2%22.6%21.0%20.9%19.8%19.4%19.0%19.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

Trade Ideas

Select past ideas related to WEN. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-17.6%-17.6%-22.1%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-14.2%-14.2%-14.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-9.0%-9.0%-9.0%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		5.9%5.9%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		13.2%13.2%-11.7%
WEN_4302025_Dip_Buyer_ValueBuy04302025WENWendy'sDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-26.3%-26.3%-28.8%
WEN_4302022_Dip_Buyer_ValueBuy04302022WENWendy'sDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		7.5%15.3%-18.7%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-17.6%-17.6%-22.1%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-14.2%-14.2%-14.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-9.0%-9.0%-9.0%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		5.9%5.9%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		13.2%13.2%-11.7%
WEN_4302025_Dip_Buyer_ValueBuy04302025WENWendy'sDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-26.3%-26.3%-28.8%
WEN_4302022_Dip_Buyer_ValueBuy04302022WENWendy'sDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		7.5%15.3%-18.7%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1VICRVicor57.5%87.2%
2INBXInhibrx Biosciences53.8%272.0%
3CLBCore Laboratories48.7%-2.4%
4BALYBallys46.2%6.8%
5MOFGMidWestOne Financial43.2%39.2%
6NUVBNuvation Bio42.2%82.3%
7CLOVClover Health Investments41.0%21.3%
8CELCCelcuity36.6%442.2%
9WGOWinnebago Industries33.6%-12.7%
10GTXGarrett Motion33.3%91.3%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-45.4%8328.6%
2ITGRInteger-30.4%-45.0%
3METCRamaco Resources-23.8%244.9%
4WRLDWorld Acceptance-18.6%25.6%
5ASMAvino Silver & Gold Mines-18.2%450.5%
6SESSES AI-17.6%15.5%
7SMPLSimply Good Foods-17.5%-48.0%
8TNGXTango Therapeutics-17.0%142.6%
9OKLOOklo-16.7%540.8%
10LENZLENZ Therapeutics-16.4%10.7%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1WOLFWolfspeed1498.4%344.0%
2PRAXPraxis Precision Medicines253.2%126.1%
3NVTSNavitas Semiconductor116.1%294.1%
4SNDKSanDisk97.4% 
5UAMYUnited States Antimony90.3%578.5%
6GRALGRAIL85.2%400.8%
7BALYBallys82.9%6.8%
8ORKAOruka Therapeutics81.1%40.5%
9INBXInhibrx Biosciences79.9%272.0%
10CIFRCipher Mining77.2%345.3%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1VGVenture Global-35.7% 
2PMIPicard Medical-35.3%8328.6%
3SOCSable Offshore-33.7%-41.7%
4FWRDForward Air-28.9%-39.0%
5FLYFirefly Aerospace-28.5% 
6ITGRInteger-28.4%-45.0%
7USNAUsana Health Sciences-26.5%-42.0%
8HTZHertz Global-26.3%41.5%
9RCReady Capital-25.1%-50.3%
10ULHUniversal Logistics-24.8%-61.0%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1VICRVicor57.5%87.2%
2INBXInhibrx Biosciences53.8%272.0%
3CLBCore Laboratories48.7%-2.4%
4BALYBallys46.2%6.8%
5MOFGMidWestOne Financial43.2%39.2%
6NUVBNuvation Bio42.2%82.3%
7CLOVClover Health Investments41.0%21.3%
8CELCCelcuity36.6%442.2%
9WGOWinnebago Industries33.6%-12.7%
10GTXGarrett Motion33.3%91.3%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-45.4%8328.6%
2ITGRInteger-30.4%-45.0%
3METCRamaco Resources-23.8%244.9%
4WRLDWorld Acceptance-18.6%25.6%
5ASMAvino Silver & Gold Mines-18.2%450.5%
6SESSES AI-17.6%15.5%
7SMPLSimply Good Foods-17.5%-48.0%
8TNGXTango Therapeutics-17.0%142.6%
9OKLOOklo-16.7%540.8%
10LENZLENZ Therapeutics-16.4%10.7%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Wendy's

Financials

WENMCDCMGSHAKFATBRCBMedian
NameWendy's McDonald.Chipotle.Shake Sh.FAT Bran.Black Ro. 
Mkt Price8.98305.7941.1991.851.9025.9433.56
Mkt Cap1.7218.555.43.70.0-3.7
Rev LTM2,22526,06011,5781,323578-2,225
Op Inc LTM38912,0231,99968-41-389
FCF LTM2576,8971,46646-69-257
FCF 3Y Avg2456,8771,3392-72-245
CFO LTM3569,7932,092183-54-356
CFO 3Y Avg3369,3731,920147-50-336

Growth & Margins

WENMCDCMGSHAKFATBRCBMedian
NameWendy's McDonald.Chipotle.Shake Sh.FAT Bran.Black Ro. 
Rev Chg LTM1.3%1.2%8.6%13.1%1.0%-1.3%
Rev Chg 3Y Avg4.2%3.4%12.5%16.8%25.1%-12.5%
Rev Chg Q-1.7%5.4%3.0%12.6%-3.4%-3.0%
QoQ Delta Rev Chg LTM-0.4%1.4%0.8%3.1%-0.9%-0.8%
Op Mgn LTM17.5%46.1%17.3%5.1%-7.2%-17.3%
Op Mgn 3Y Avg17.6%45.9%16.9%3.1%-1.8%-16.9%
QoQ Delta Op Mgn LTM0.3%0.3%-0.4%0.8%-2.3%-0.3%
CFO/Rev LTM16.0%37.6%18.1%13.8%-9.3%-16.0%
CFO/Rev 3Y Avg15.3%37.0%18.3%12.5%-9.6%-15.3%
FCF/Rev LTM11.5%26.5%12.7%3.5%-12.0%-11.5%
FCF/Rev 3Y Avg11.2%27.2%12.8%-0.3%-13.8%-11.2%

Valuation

WENMCDCMGSHAKFATBRCBMedian
NameWendy's McDonald.Chipotle.Shake Sh.FAT Bran.Black Ro. 
Mkt Cap1.7218.555.43.70.0-3.7
P/S0.88.44.82.80.1-2.8
P/EBIT4.418.127.7123.1-0.5-18.1
P/E9.026.035.9185.7-0.2-26.0
P/CFO4.822.326.520.2-0.6-20.2
Total Yield21.5%6.1%2.8%0.5%-612.9%-2.8%
Dividend Yield10.3%2.3%0.0%0.0%14.2%-2.3%
FCF Yield 3Y Avg8.0%3.4%1.9%-0.2%-104.7%-1.9%
D/E2.40.30.10.244.0-0.3
Net D/E2.20.20.10.143.8-0.2

Returns

WENMCDCMGSHAKFATBRCBMedian
NameWendy's McDonald.Chipotle.Shake Sh.FAT Bran.Black Ro. 
1M Rtn-2.0%1.2%4.7%-2.5%-5.5%3.7%-0.4%
3M Rtn-15.4%3.0%-11.9%-33.1%-22.4%--15.4%
6M Rtn-27.9%-2.4%-20.5%1.1%-29.1%--20.5%
12M Rtn-51.4%6.9%-30.7%-16.8%-63.0%--30.7%
3Y Rtn-48.6%27.7%39.5%81.7%-69.7%-27.7%
1M Excs Rtn-4.8%-1.7%1.9%-5.3%-8.3%0.9%-3.2%
3M Excs Rtn-18.5%-3.5%-14.5%-39.8%-28.4%--18.5%
6M Excs Rtn-50.8%-25.3%-43.4%-21.8%-52.0%--43.4%
12M Excs Rtn-66.1%-16.6%-47.3%-31.6%-77.8%--47.3%
3Y Excs Rtn-131.8%-53.1%-48.9%1.1%-150.7%--53.1%

Comparison Analyses

Financials

$ Mil | FY: 12/292025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/29/20253/30/202512/29/20249/29/20246/30/20243/31/202412/31/202310/1/20237/2/20234/2/20231/1/202310/2/2022
Filing Date8/8/20255/2/20252/21/202510/31/20248/1/20245/2/20242/26/202411/2/20238/9/20235/10/20233/1/202311/9/2022
Key Financials Quarterly            
Total Revenue561523574567571535541551562529537533
Ebitda148127139141147127137147146122124136
Operating Income1068011390102899599107909689
Net Income553947505542475860404151
EPS0.290.200.230.250.270.200.230.280.280.190.190.24
Key Financials TTM            
Total Revenue TTM2,2252,2352,2462,2132,1972,1882,1822,1772,1592,1362,0962,032
Ebitda TTM555554554553558557552539528513502487
Operating Income TTM389385394376386391392392382370350342
Net Income TTM192192194194202207204199191180177188
Growth Rates Quarterly            
Total Revenue Growth-1.7%-2.1%6.2%2.9%1.6%1.1%0.8%3.4%4.4%8.2%13.4%13.3%
EBITDA Growth0.7%0.0%1.2%-3.8%0.7%4.1%10.6%8.0%11.3%10.5%13.4%22.4%
Operating Income Growth3.9%-10.2%18.6%-9.4%-4.8%-0.9%-0.5%11.3%12.6%29.0%8.5%16.5%
Net Income Growth0.9%-6.6%1.2%-13.5%-8.4%5.5%13.7%14.9%23.8%6.5%-20.8%22.8%
Margins Quarterly            
EBITDA Margin26.4%24.3%24.2%25.0%25.7%23.8%25.4%26.7%26.0%23.1%23.1%25.6%
Operating Income Margin18.9%15.3%19.7%15.9%17.9%16.6%17.6%18.0%19.1%17.0%17.9%16.8%
Net Income Margin9.8%7.5%8.3%8.9%9.6%7.9%8.7%10.5%10.6%7.5%7.7%9.5%
Cash & Debt            
Total Cash281335451482465498516598635676746732
Total Debt4,0884,0764,0934,0984,1044,1204,1404,1864,2114,2284,2824,294
Net Debt / (Cash)3,8073,7413,6423,6163,6383,6223,6243,5883,5753,5523,5363,562
Cash Flows Quarterly            
FCF from Operations618569141451007612889537784
Cash Flows TTM            
FCF from Operations TTM356341355363349392345347303292260252
Returns to Shareholders Quarterly            
Dividends274951515151515253532727
Share Repurchases64123172627747555037-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC8.1%6.1%8.4%7.2%8.2%7.2%7.3%8.2%9.1%7.3%7.7%7.3%
Return on Invested Capital (ROIC) TTM            
ROIC TTM7.2%7.3%7.7%7.5%7.7%7.9%7.9%8.0%7.8%7.6%7.2%7.7%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Wendy’s US1,8161,7501,5671,4311,404
Global Real Estate & Development235239243237236
Wendy’s International131107866668
Total2,1822,0961,8971,7341,709


Price Behavior

WEN Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta0.940.180.730.680.590.52
Up Beta4.280.641.080.580.580.54
Down Beta1.13-0.560.010.900.790.56
Up Capture-111%-9%-3%6%4%8%
Bmk +ve Days13233574144420
Stock +ve Days8222953107357
Down Capture238%63%189%116%87%86%
Bmk -ve Days8192952107330
Stock -ve Days13203572139386

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity23,201,411
Short Interest: % Change Since 9302025-0.3%
Average Daily Volume5,429,764
Days-to-Cover Short Interest4.27
Basic Shares Quantity191,949,000
Short % of Basic Shares12.1%

Returns Analyses

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/8/20251.3%5.9%2.5%
5/2/20250.5%-3.0%-6.1%
2/13/20253.8%7.2%9.7%
10/31/2024-5.9%0.4%-9.6%
8/1/20240.2%0.2%-1.7%
5/2/20241.5%-1.2%-11.1%
1/18/2024-0.4%-0.8%-4.3%
11/2/2023-1.5%-1.3%4.3%
...
SUMMARY STATS   
# Positive10109
# Negative141415
Median Positive1.4%2.4%4.3%
Median Negative-3.3%-2.4%-5.4%
Max Positive7.4%10.5%16.9%
Max Negative-11.2%-16.0%-36.8%

SEC Filings

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Report DateFiling DateFiling
6302025808202510-Q 6/29/2025
3312025502202510-Q 3/30/2025
12312024221202510-K 12/29/2024
93020241031202410-Q 9/29/2024
6302024801202410-Q 6/30/2024
3312024502202410-Q 3/31/2024
12312023226202410-K 12/31/2023
93020231102202310-Q 10/1/2023
6302023809202310-Q 7/2/2023
3312023510202310-Q 4/2/2023
12312022301202310-K 1/1/2023
93020221109202210-Q 10/2/2022
6302022810202210-Q 7/3/2022
3312022511202210-Q 4/3/2022
12312021301202210-K 1/2/2022
93020211110202110-Q 10/3/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Radkoski Lindsay J.CMO, U.S.6032025Buy11.685,05058,984338,206Form
1Cook Kenneth M.Chief Financial Officer5272025Buy11.351,50017,02517,025Form
2O'Brien Matthew ColeyChief People Officer5232025Buy11.601,75020,300992,519Form
3Min JohnChief Legal Ofcr & Secretary5132025Buy11.981,00011,98015,633Form
4GILBERT KENNETH W 3062025Sell15.143,50052,991420,961Form

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