Earnings ·
The Wendy's Company reported second quarter 2026 results showing global systemwide sales decreased 6.5% to…
WENWendy's Co
The Wendy's Company reported second quarter 2026 results showing global systemwide sales decreased 6.5% to approximately $3.4 billion and net income fell 40.8% to $32.6 million, or $0.17 per diluted share. U.S. same-restaurant sales declined 7.0%, while international same-restaurant sales dropped 2.3%. The company withdrew its full-year 2026 financial outlook as new CEO Bob Wright formulates a turnaround plan addressing menu quality, marketing, and operational excellence. Additionally, Wendy's reduced its quarterly cash dividend to $0.07 per share, down from the previous annualized rate, with payments beginning September 15, 2026, to shareholders of record on September 1, 2026. The company operates in the quick-service restaurant industry.