Q2 26 EPS Adjusted
$0.18
BEAT +10.16%
Est. $0.16
Q2 26 Revenue
$570.6M
BEAT +2.30%
Est. $557.7M
Market Reaction
Did WEN Beat Earnings? Q2 2026 Results
Wendy's Co. Delivered a beat-and-retreat quarter in Q2 2026, posting adjusted EPS of $0.18 against the $0.16 consensus estimate for a 10.16% beat, its fourth consecutive quarter of exceeding EPS expectations, even as the underlying business showed si… Read more Wendy's Co. Delivered a beat-and-retreat quarter in Q2 2026, posting adjusted EPS of $0.18 against the $0.16 consensus estimate for a 10.16% beat, its fourth consecutive quarter of exceeding EPS expectations, even as the underlying business showed significant strain. Revenue rose 1.7% year-over-year to $570.57 million, clearing the $557.73 million consensus by 2.30%, though the headline growth masked deteriorating fundamentals; the gain was largely driven by advertising fund reallocation and incremental sales from franchise acquisitions completed last year, while adjusted revenues, stripping out those funds, actually declined 1.4%. U.S. Same-restaurant sales fell 7.0% as traffic declines and commodity and labor inflation compressed company-operated restaurant margins to 13.8%, a 240-basis-point contraction. New CEO Bob Wright, who returned to lead a turnaround effort, outlined five strategic pillars to rebuild the brand, while the company withdrew its full 2026 financial outlook entirely, slashed its quarterly dividend to $0.07 per share, and signaled that capital will be redirected toward recovery initiatives rather than shareholder returns.
Key Takeaways
- • U.S. same-restaurant sales decreased 7.0%, driven by traffic declines
- • International same-restaurant sales decreased 2.3%
- • U.S. Company-operated restaurant margin declined 240 basis points to 13.8% due to commodity inflation, traffic decline, and labor rate inflation
- • Higher advertising funds revenue from local-to-national reallocation and non-recurring vendor incentives
- • Increased company-operated restaurant sales from franchise restaurant acquisitions in Q3 2025
- • Lower franchise royalty revenue and franchise rental income
- • G&A expense increased 11.3% due to professional services and compensation investments
- • Higher interest expense contributed to net income decline
WEN Forward Guidance & Outlook
The company has withdrawn its 2026 financial outlook. New leadership is taking the opportunity to fully assess business opportunities and formulate a comprehensive turnaround plan, including the optimal deployment of capital.
WEN YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
WEN Revenue by Segment
With YoY comparisons, source: SEC Filings
“Wendy's is an iconic brand with exceptional assets. Today we are clearly not performing at our potential. I returned to Wendy's because I believe we can fix our issues and I am excited to work with our team and our franchisees to drive a strong turnaround.”
— Bob Wright, Q2 2026 Earnings Press Release
WEN Earnings Trends
WEN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
WEN EPS Trend
Earnings per share: estimate vs actual
WEN Revenue Trend
Quarterly revenue: estimate vs actual
WEN Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.16 | $0.18 | +10.16% | $570.6M | +2.30% |
| Q1 26 BEAT | $0.10 | $0.12 | +25.00% | $540.6M | +4.38% |
| Q4 25 BEAT FY | $0.14 | $0.16 | +10.42% | $543.0M | +1.16% |
| FY Full Year | — | $0.88 | — | $2.18B | — |
| Q3 25 BEAT | $0.20 | $0.24 | +22.95% | $549.5M | +2.81% |
| Q2 25 BEAT | $0.25 | $0.29 | +13.99% | $560.9M | +0.52% |