Wendy's (WEN) Q2 2026 Earnings
How Did WEN Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: −1.40%.
Did WEN Beat Earnings? Q2 2026 Results
Yes. Wendy's reported Q2 2026 earnings of $0.18 a share on Aug 7, 2026, beating the $0.16 consensus estimate by 10.2%. Revenue was $570.6M against a $557.7M estimate.
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.
- 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
“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.”
Wendy's CEO, on the earnings call
What Is Wendy's's 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
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $570.6M | $560.9M | +1.7% |
| Operating Income | $79.3M | $104.3M | −24.0% |
| Net Income | $32.6M | $55.1M | −40.8% |
WEN Revenue by Segment
When Does Wendy's Report Next?
Figures from SEC filings and company reports. Not investment advice.