The Wendy's Co (WEN) (Q2 2026) Earnings Call Highlights: New CEO Unveils Turnaround Strategy ...
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This article first appeared on GuruFocus. Global System-Wide Sales: Decreased 6.5% on a constant currency basis. US Same-Restaurant Sales: Declined 7.0%, with a 12.5% decrease in traffic partially offset by a 5.6% increase in average check. International Same-Restaurant Sales: Declined 2.3%, primarily due to softness in Canada; excluding Canada, international sales grew 8.6%. Total Adjusted Revenue: $443.2 million, a decrease of 1.4% compared to the prior year. Adjusted EBITDA: $124.1 million, down $22.5 million versus the prior year. Adjusted Earnings Per Share: $0.18 in the second quarter. US Company-Operated Restaurant Margin: 13.8%, impacted by commodity cost increases of approximately 9% and labor rate inflation of approximately 4%. Free Cash Flow: Generated $120.3 million through the first half of the year, an increase of $10.8 million versus the prior year. Capital Expenditures: Invested $26.0 million during the quarter, including $8.3 million in technology and $12.8 million in restaurant development. Restaurant Openings: Opened 21 new restaurants in the US and 27 internationally during the quarter. Dividend: Announced a quarterly dividend payment of $0.07 per share. Balance Sheet: Ended the quarter with approximately $380 million in cash and a net leverage ratio of 5.0 times. Warning! GuruFocus has detected 5 Warning Signs with WEN. Is WEN fairly valued? Test your...
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