Wendys

Q2 FY2026 EarningsQ2 FY26 results beat consensus on revenue ($570.6M vs. $557.7M) and adjusted EPS ($0.18 vs. $0.16), yet underlying fundamentals were weak with U.S. same-restaurant sales dropping 7.0%. The top-line beat was primarily driven by advertising fund reallocations and franchise acquisitions rather than organic growth. Management has withdrawn its FY26 outlook and slashed the dividend by approximately 61% to $0.28 annualized to support a new turnaround plan under new leadership.