Wendy's Q2 net income falls 41% to $32.6 million; withdraws 2026 outlook, cuts dividend
Wendy's reported second-quarter 2026 results with net income down 40.8% to $32.6 million and adjusted EBITDA down 15.4% to $124.1 million, while total revenues rose 1.7% to $570.6 million. The company withdrew its 2026 financial outlook and reduced its quarterly dividend to $0.07 per share, as new CEO Bob Wright begins a turnaround plan, which shareholders should weigh against the sharp decline in profit and sales.
Key points
- Global systemwide sales fell 6.5% and U.S. same-restaurant sales fell 7.0% in the quarter ended June 28, 2026.
- Reported diluted EPS was $0.17 versus $0.29 a year earlier; adjusted EPS was $0.18 versus $0.29.
- The 2026 financial outlook was withdrawn; the dividend payable September 15, 2026 is $0.07 per share, an annualized rate of $0.28.
- No shares were repurchased in Q2 2026; about $35.0 million remained under the authorization as of July 31, expiring February 2027.
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.