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WEN

Wendy's Co

Ticker WENDUBLIN, OHFiscal year ends JanuaryBook value per share $0.63Diluted shares 191.1M

The Wendy's Company (NASDAQ: WEN) operates as the parent company of a global quick-service restaurant system specializing in high-quality hamburger sandwiches and complementary menu items. Founded in 1969 with its first restaurant in Columbus, Ohio, Wendy's has grown to become the second largest quick-service… From the company’s description.

Fiscal year 2025 · ends 01-03Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-28
Sales & profitability
$2.18BFY2025
−3.1% year over year
Last 12 mo $2.20B
15.78%FY2025
−0.8 percentage points
Last 12 mo 13.63%
$165.07MFY2025
−15.1% year over year
Last 12 mo $126.06M
148.04%FY2025
+68.1 percentage points
Last 12 mo 104.64%
Cash & financing
$344.54MFY2025
−3.0% year over year
Last 12 mo $358.49M
$242.62MFY2025
−7.0% year over year
Last 12 mo $264.18M
29.25FY2025
Was 12.87× a year earlier
Last 12 mo 28.42
194.0MFY2025
−5.6% year over year
Last 12 mo 191.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Wendy's Co does

In the company’s own words

The Wendy's Company (NASDAQ: WEN) operates as the parent company of a global quick-service restaurant system specializing in high-quality hamburger sandwiches and complementary menu items. Founded in 1969 with its first restaurant in Columbus, Ohio, Wendy's has grown to become the second largest quick-service restaurant company in the hamburger segment in the United States by traffic and dollar share, and the third largest globally. The company maintains its corporate headquarters and investor relations presence at www.wendys.com and www.irwendys.com.

As of December 28, 2025, Wendy's operated 7,397 restaurants across the United States and 38 foreign countries and territories. The U.S. segment comprised 5,969 locations, with 423 company-operated and 5,546 franchisee-operated restaurants across 50 states and the District of Columbia. The international segment included 1,428 restaurants, with 1,417 operated by 117 franchisees and 11 company-operated locations in the United Kingdom. The company employed approximately 14,900 people, with roughly one-third full-time and two-thirds part-time, primarily located in the United States.

Wendy's operates through three reportable segments: Wendy's U.S., Wendy's International, and Global Real Estate & Development. Revenue derives from sales at company-operated restaurants and franchise-related sources including royalties, franchise fees, national advertising fund collections, and real estate leasing arrangements. The company's menu features made-to-order square hamburgers using fresh beef, chicken sandwiches, chicken tenders and nuggets, salads, chili, baked potatoes, Frosty desserts, and breakfast offerings including the Breakfast Baconator.

The company maintains a predominantly franchised business model, with 203 U.S. franchisees and 117 international franchisees operating the vast majority of system restaurants. Wendy's differentiates through its focus on high-quality, craveable food, diverse menu offerings, and operational excellence. The company owns valuable intellectual property including the Wendy's trademark, the Quality Is Our Recipe brand, and exclusive commercial rights to the Thomas Persona of founder Dave Thomas. Strategic initiatives include Project Fresh, a comprehensive plan focused on brand revitalization, operational excellence, system optimization, and capital allocation to drive profitable growth and long-term value creation.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Retail
Headquarters
DUBLIN, OH
Fiscal year end
January
CIK
30697
SIC
5810

Financial performance, year by year

Fiscal 2012–2025 · USD
$-250.52M$501.05M$1.25B$2.00B$2.76B201220132014201620172018201920212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Wendy's Co — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

244
funds hold it
3 of 35
superinvestors hold it
$514.82M
held by funds, at market
33.8%
of shares held by funds

Superinvestors in Wendy's Co · what they did last quarter

Nelson PeltzINCREASED +0.1%
Trian Fund Management
6.0%of 13F portfolio
Prem WatsaINCREASED +144.9%
Fairfax Financial Holdings
2.5%of 13F portfolio
Bill NygrenDECREASED -5.8%
Harris Associates (Oakmark)
0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Wendy's Co’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.07%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.04%of fund net assets
Schwab U.S. Dividend Equity ETF
SCHD · SCHWAB STRATEGIC TRUST
0.03%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Wendy's Co and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Wendy's Co's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Wendy's Co's last four quarterly filings that the numbers alone won't show?”
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