# Wendy's Co: overview

WEN · Nasdaq · CIK 30697 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Jan 3

Pages: [Overview](/companies/wen.md) · [Financials](/companies/wen/financials.md) · [Filings](/companies/wen/filings.md) · [Insiders](/companies/wen/insiders.md)

Latest reported revenue: [$570.6m](/filings/0000030697-26-000116.md) for Q2 FY2026, three months to 2026-06-28, from the 10-Q filed Aug 7, 2026 (XBRL us-gaap:Revenues, accession 0000030697-26-000116).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-29) | Q4 FY2024 (2024-12-29) | Q1 FY2025 (2025-03-30) | Q2 FY2025 (2025-06-29) | Q3 FY2025 (2025-09-28) | Q4 FY2025 (2025-12-28) | Q1 FY2026 (2026-03-29) | Q2 FY2026 (2026-06-28) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [567](/filings/0000030697-25-000039.md) | [574 d](/filings/0000030697-26-000009.md) | [523](/filings/0000030697-26-000060.md) | [561](/filings/0000030697-26-000116.md) | [550](/filings/0000030697-25-000039.md) | [543 d](/filings/0000030697-26-000009.md) | [541](/filings/0000030697-26-000060.md) | [571](/filings/0000030697-26-000116.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [16.7%](/filings/0000030697-25-000039.md) | [16.7% d](/filings/0000030697-26-000009.md) | [15.9%](/filings/0000030697-26-000060.md) | [18.6%](/filings/0000030697-26-000116.md) | [16.8%](/filings/0000030697-25-000039.md) | [11.8% d](/filings/0000030697-26-000009.md) | [12.0%](/filings/0000030697-26-000060.md) | [13.9%](/filings/0000030697-26-000116.md) |
| Net margin | % | [8.9%](/filings/0000030697-25-000039.md) | [8.3% d](/filings/0000030697-26-000009.md) | [7.5%](/filings/0000030697-26-000116.md) | [9.8%](/filings/0000030697-26-000116.md) | [8.1%](/filings/0000030697-25-000039.md) | [4.9% d](/filings/0000030697-26-000009.md) | [4.2%](/filings/0000030697-26-000116.md) | [5.7%](/filings/0000030697-26-000116.md) |
| Diluted EPS | $ per share | [0.25](/filings/0000030697-25-000039.md) | not reported | [0.19](/filings/0000030697-26-000060.md) | [0.29](/filings/0000030697-26-000116.md) | [0.23](/filings/0000030697-25-000039.md) | not reported | [0.12](/filings/0000030697-26-000060.md) | [0.17](/filings/0000030697-26-000116.md) |
| Free cash flow | $m | [123 d](/filings/0000030697-25-000039.md) | [26.6 d](/filings/0000030697-26-000009.md) | [67.7](/filings/0000030697-26-000060.md) | [39.2 d](/filings/0000030697-26-000116.md) | [104 d](/filings/0000030697-25-000039.md) | [31.4 d](/filings/0000030697-26-000009.md) | [47.5](/filings/0000030697-26-000060.md) | [81.0 d](/filings/0000030697-26-000116.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2022-01-02) | FY2022 (2023-01-01) | FY2023 (2023-12-31) | FY2024 (2024-12-29) | FY2025 (2025-12-28) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,897](/filings/0000030697-24-000004.md) | [2,096](/filings/0000030697-25-000003.md) | [2,182](/filings/0000030697-26-000009.md) | [2,246](/filings/0000030697-26-000009.md) | [2,177](/filings/0000030697-26-000009.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [19.3%](/filings/0000030697-24-000004.md) | [16.9%](/filings/0000030697-25-000003.md) | [17.5%](/filings/0000030697-26-000009.md) | [16.5%](/filings/0000030697-26-000009.md) | [15.8%](/filings/0000030697-26-000009.md) |
| Net margin | % | [10.6%](/filings/0000030697-24-000004.md) | [8.5%](/filings/0000030697-25-000003.md) | [9.4%](/filings/0000030697-26-000009.md) | [8.7%](/filings/0000030697-26-000009.md) | [7.6%](/filings/0000030697-26-000009.md) |
| Diluted EPS | $ per share | [0.89](/filings/0000030697-24-000004.md) | [0.82](/filings/0000030697-25-000003.md) | [0.97](/filings/0000030697-26-000009.md) | [0.95](/filings/0000030697-26-000009.md) | [0.85](/filings/0000030697-26-000009.md) |
| Free cash flow | $m | [268](/filings/0000030697-24-000004.md) | [174](/filings/0000030697-25-000003.md) | [260](/filings/0000030697-26-000009.md) | [261](/filings/0000030697-26-000009.md) | [243](/filings/0000030697-26-000009.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/wen/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [TRIAN FUND MANAGEMENT, L.P.](/funds/1345471.md) | 2026-06-30 | $252.6m | 30,468,434 |  | Added +22,412 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $218.1m | 26,314,724 |  | Added +4,576,075 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $85.4m | 10,301,732 |  | Added +1,039,931 |
| [FAIRFAX FINANCIAL HOLDINGS LTD/ CAN](/funds/915191.md) | 2026-06-30 | $66.3m | 8,005,627 |  | Added +4,736,725 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $62.4m | 7,523,646 |  | Added +1,025,723 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $57.4m | 6,924,310 |  | Added +100,873 |
| [WELLS FARGO & COMPANY/MN](/funds/72971.md) | 2026-06-30 | $55.4m | 6,684,034 |  | Reduced −228,752 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $54.4m | 6,566,985 |  | Added +1,101,063 |
| [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $50.2m | 6,059,900 | Put | Added +5,972,400 |
| [HARRIS ASSOCIATES L P](/funds/813917.md) | 2026-06-30 | $46.3m | 5,587,137 |  | Reduced −342,664 |

## Recent filings

[All 2,132 filings](/companies/wen/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-17 | 16:02 ET | [8-K](/filings/0001193125-26-354008.md) | 5.02 Departure or appointment of officers or directors | 0001193125-26-354008 |
| 2026-08-07 | 16:15 ET | [10-Q](/filings/0000030697-26-000116.md) | Quarterly report, period 2026-06-28 | 0000030697-26-000116 |
| 2026-08-07 | 07:06 ET | [8-K](/filings/0001193125-26-339132.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-339132 |
| 2026-07-28 | 17:11 ET | [8-K](/filings/0001193125-26-321244.md) | 5.02 Departure or appointment of officers or directors | 0001193125-26-321244 |
| 2026-06-23 | 08:35 ET | [8-K](/filings/0001193125-26-278576.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-278576 |
| 2026-06-09 | 16:17 ET | [8-K](/filings/0001193125-26-263775.md) | 5.02 Departure or appointment of officers or directors | 0001193125-26-263775 |
| 2026-05-22 | 16:04 ET | [8-K](/filings/0001193125-26-236835.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001193125-26-236835 |
| 2026-05-20 | 08:36 ET | [8-K](/filings/0001193125-26-231809.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-231809 |
| 2026-05-08 | 16:14 ET | [10-Q](/filings/0000030697-26-000060.md) | Quarterly report, period 2026-03-29 | 0000030697-26-000060 |
| 2026-05-08 | 07:05 ET | [8-K](/filings/0001193125-26-213270.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-213270 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 28, 2025](/filings/0000030697-26-000009.md), filed Feb 23, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-28, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/fee2f9d8-7d51-4bc4-9b3b-e31c1004dd89)

## About the filer

- CIK: 30697
- Tickers: WEN
- Exchange: Nasdaq
- SIC code: 5810 Retail-Eating & Drinking Places
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 28, 2026, 08:35 ET. No prices; not investment advice.