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.

The Wendy's Company

Wendy's was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, “Quality Is Our Recipe®”, which remains the guidepost of the Wendy's system. Wendy's is best known for its made-to-order square hamburgers, using fresh, never frozen beef*, freshly-prepared salads, and other signature items like chili, baked potatoes and the Frosty® dessert. The Wendy's Company (Nasdaq: WEN) is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company's support of the Dave Thomas Foundation for Adoption® and its signature Wendy's Wonderful Kids® program, which seeks to find a loving, forever home for every child in the North American foster care system. Today, Wendy's and its franchisees employ hundreds of thousands of people across more than 7,000 restaurants worldwide with a vision of becoming the world's most thriving and beloved restaurant brand. For details on franchising, connect with us at www.wendys.com/franchising.Visit www.wendys.com and www.squaredealblog.com for more information and connect with us on X and Instagram using @wendys, and on Facebook at www.facebook.com/wendys. 

*Fresh beef available in the contiguous U.S., Alaska, and Canada.

Navis Capital Partners

Today, we announced our fourth quarter and full year 2023 earnings results marking our thirteenth consecutive year of global same-restaurant sales growth. We also delivered meaningful digital sales acceleration and opened nearly 250 new restaurants globally, providing a strong foundation for continued forward momentum toward our vision of becoming the world’s most thriving and beloved restaurant brand. Click below to read more.

It’s back! Wendy’s Crispy Panko Fish Sandwich is now on menus nationwide for a limited time. Savor our Wild Caught Alaska Pollock fillet, coated in crispy panko breading topped with lettuce, a slice of American cheese, pickles and creamy dill tartar sauce served up on a premium bun. Read more about the return of this fan-favorite fish sandwich on The Square Deal!

Love is in the (Frosty) air! This Valentine’s Day, Wendy’s Frosty Key Tags make for a sweet Valentine gift that keeps on giving. For just $3, a Frosty Key Tag gifts a free Jr. Frosty with any purchase every single day throughout the end of 2024, with proceeds supporting the Dave Thomas Foundation for Adoption and its commitment to finding forever homes for children in foster care. The last day to purchase Frosty Key Tags is approaching, so make sure to snag these better-than-candy treats before it’s too late! Read more about how and where to purchase Frosty Key Tags on The Square Deal.

We’re extending a warm Wendy’s welcome to our new President & CEO, Kirk Tanner! Kirk brings more than 30 years of experience in beverages, snacks, and foodservice. He’s joining the brand during a pivotal time, as we focus on our next phase of growth across the globe. Welcome to the Wendy’s family, Kirk!

This month, as we recognize and celebrate Black History Month, Wendy’s Black Employee Resource Group (WeBERG) has several events planned to support their mission to create a sense of belonging and nurture meaningful points of connections across the Wendy’s community. To kick things off, VP, Enterprise Technology Stephanie Shaw will host a discussion with Rasheeda Clark, President of Flynn Restaurant Group's Wendy's business, about the importance of leveraging an inclusive mindset to drive business results. WeBERG will also host other opportunities throughout February to experience and learn more about Black history, culture and cuisine. Thank you to WeBERG and all of our Employee Resource Groups for helping to create opportunities for all employees to feel included and engaged!

We are proud to share that our very own VP and Chief DEI Officer Beverly Stallings-Johnson has been recognized and included in Diversity Woman Media's Elite 100 list for the Class of 2024! This prestigious honor celebrates 100 extraordinary women who are setting the pace in executive leadership across various industries. We take immense pride in Beverly's accomplishment, knowing that her vision and strategy for DEI at Wendy's is fostering an inclusive culture for our employees, franchisees, and suppliers. Thank you, Beverly, for your dedication, leadership, and passion - you inspire us all! #Elite100

Wendy’s knows that busy mornings demand a hearty breakfast. Inspired by our fans, our new Breakfast Burrito is stuffed with two fresh cracked eggs, six strips of applewood smoked bacon (the same amount of bacon found on our iconic Baconator!), seasoned breakfast potatoes, and two slices of American cheese, all topped with cheese sauce for portable perfection. Read more about our latest breakfast innovation on The Square Deal, and we'll see you tomorrow for breakfast!

Wendy’s was recently named a Top Franchise for 2024 by Franchise Business Review for experience and satisfaction in critical areas like training and support, operations, franchisor/franchisee relations, and financial opportunity. Are you interested in franchising with an award-winning iconic brand that will have your back every step of the way? If so, we’re currently seeking new single-unit and multi-unit operators to grow with us. Visit our website to learn more! https://lnkd.in/g-yrJT5T
#franchising #topfranchises #franchiseopportunity

Congratulations to Wendy’s newest franchisee in Mexico, ABMO Operadora SAPI de CV, on recently opening the first Global Next Gen restaurant in the country! Located in Mérida, Yucatán, this new, innovative restaurant format has an emphasis on convenience, speed, and accuracy and is built for the digital age so we can bring more Wendy’s to more people in Mexico. Interested in franchising with Wendy's? Contact us today!  https://lnkd.in/gpa4tFCA

We're excited to announce the completion of another construction milestone at our Global Next Gen restaurant in New Albany, Ohio! Head to The Square Deal blog for a behind-the-scenes look as the space transforms into Wendy’s most innovative restaurant to date. Stay tuned for more updates in the new year!

	Dec '13	Dec '14	Jan '16	Jan '17	Dec '17	Dec '18	Dec '19	Jan '21	Jan '22	Jan '23	Dec '23
revenue	2.49B -	2.06B 17.14%	1.87B 9.26%	1.44B 23.25%	1.22B 14.77%	1.59B 29.96%	1.71B 7.49%	1.73B 1.45%	1.90B 9.41%	2.10B 10.46%	2.18B 4.11%
cost of revenue	1.84B -	1.40B 23.86%	1.18B 15.47%	812.46M 31.38%	600.96M 26.03%	986.76M 64.20%	1.10B 11.81%	1.11B 0.82%	1.20B 7.77%	1.37B 14.68%	1.55B 13.02%
gross profit	647.67M -	660.27M 1.94%	686.22M 3.93%	622.96M 9.22%	622.45M 0.08%	603.17M 3.10%	605.74M 0.43%	621.48M 2.60%	698.26M 12.35%	720.76M 3.22%	627.90M 12.88%
selling and marketing expenses
general and administrative expenses	293.79M -	263.26M 10.39%	256.55M 2.55%	245.87M 4.16%	208.58M 15.17%	217.49M 4.27%	200.21M 7.95%	206.88M 3.33%	242.97M 17.45%	254.98M 4.94%	249.96M 1.97%
selling general and administrative expenses	293.79M -	263.26M 10.39%	256.55M 2.55%	245.87M 4.16%	208.58M 15.17%	217.49M 4.27%	200.21M 7.95%	206.88M 3.33%	242.97M 17.45%	254.98M 4.94%	249.96M 1.97%
research and development expenses
other expenses	-2.08M -	754K 136.25%	806K 6.90%	989K 22.70%	1.62M 63.50%	5.38M 232.78%	120.28M 2,135.18%	124.38M 3.41%	111.07M 10.70%	109.73M 1.21%	29.57M 73.05%
cost and expenses	2.32B -	1.83B 21.09%	1.62B 11.20%	1.17B 28.14%	942.90M 19.15%	1.33B 40.71%	1.42B 7.31%	1.44B 1.39%	1.55B 7.56%	1.74B 12.02%	1.80B 3.69%
operating expenses	476.40M -	426.87M 10.40%	438.85M 2.81%	353.78M 19.38%	341.94M 3.35%	339.98M 0.57%	320.48M 5.74%	331.25M 3.36%	354.04M 6.88%	364.71M 3.01%	249.96M 31.46%
interest expense	69.01M -	52.19M 24.37%	86.07M 64.90%	114.80M 33.39%	118.06M 2.84%	119.62M 1.32%	115.97M 3.05%	117.74M 1.52%	109.19M 7.26%	122.32M 12.03%	124.06M 1.42%
ebitda	351.55M -	393.50M 11.93%	393.23M 0.07%	392.87M 0.09%	407.81M 3.80%	397.45M 2.54%	424.72M 6.86%	424.45M 0.06%	470.44M 10.83%	502.26M 6.76%	526.50M 4.83%
operating income	135.14M -	251.51M 86.11%	274.47M 9.13%	314.78M 14.69%	214.76M 31.78%	249.89M 16.36%	262.58M 5.08%	269.31M 2.56%	366.96M 36.26%	353.31M 3.72%	377.94M 6.97%
depreciation and amortization	182.36M -	159.35M 12.62%	145.05M 8.98%	122.70M 15.41%	125.69M 2.43%	128.88M 2.54%	162.15M 25.81%	155.14M 4.32%	103.47M 33.30%	148.94M 43.94%	148.57M 0.25%
total other income expenses net	-43.21M -	20.07M 146.44%	72.82M 262.88%	47.32M 35.02%	-61.43M 229.81%	431.34M 802.20%	-91.10M 121.12%	-116.51M 27.90%	-126.38M 8.47%	-109.81M 13.11%	-98.52M 10.28%
income before tax	59.05M -	201.27M 240.83%	234.13M 16.33%	201.69M 13.85%	101.02M 49.91%	574.92M 469.12%	171.48M 70.17%	152.79M 10.90%	240.58M 57.45%	243.50M 1.22%	279.42M 14.75%
income tax expense	14.15M -	79.83M 464.05%	94.15M 17.93%	72.07M 23.46%	-93.01M 229.06%	114.80M 223.43%	34.54M 69.91%	34.96M 1.22%	40.19M 14.94%	66.14M 64.57%	74.98M 13.37%
net income	45.49M -	121.43M 166.96%	161.14M 32.70%	129.62M 19.56%	194.03M 49.69%	460.12M 137.14%	136.94M 70.24%	117.83M 13.95%	200.39M 70.07%	177.37M 11.49%	204.44M 15.26%
weighted average shs out	392.58M -	370.16M 5.71%	323.02M 12.74%	262.21M 18.83%	244.18M 6.88%	237.80M 2.61%	229.94M 3.30%	223.68M 2.72%	221.38M 1.03%	221.38M 0%	209.49M 5.37%
weighted average shs out dil	398.68M -	376.18M 5.64%	328.73M 12.62%	266.71M 18.86%	252.29M 5.41%	244.96M 2.90%	235.07M 4.04%	228.01M 3.00%	224.41M 1.58%	224.41M 0%	211.53M 5.74%
eps	0.12 -	0.33 175.00%	0.50 51.52%	0.49 2.00%	0.79 61.22%	1.93 144.30%	0.60 68.91%	0.53 11.67%	0.91 71.70%	0.80 12.09%	0.98 22.50%
epsdiluted	0.11 -	0.32 190.91%	0.49 53.12%	0.49 0%	0.77 57.14%	1.88 144.16%	0.58 69.15%	0.52 10.34%	0.89 71.15%	0.79 11.24%	0.97 22.78%

COM:WENDYS

The Wendy's Company

Last Close

18.11

22/11 21:00

Market Cap

3.25B

Beta: -

Volume Today

4.87M

Avg: -

Preview