Wendy's Company (the) · NASDAQ:WEN
Wendy's Company (the) — The Wendy's Company — Q3 2026 Earnings Presentation
20 slides from Wendy's Company (the)'s earnings presentation, Nov 5, 2026
Slide 1: Third Quarter 2026 Conference Call
THIRD QUARTER 2026 CONFERENCE CALL November 5, 2026 Q3 2026 EARNINGS PRESENTATION 1
Slide 2: Welcome
WELCOME AARON BROHOLM Head of Investor Relations Q3 2026 EARNINGS PRESENTATION 2
Slide 3: Forward-Looking Statements and Non-GAAP Financial Measures
FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES This presentation, and certain information that management may discuss in connection with this presentation, contains certain statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act
Slide 4: Business Update
BUSINESS UPDATE BOB WRIGHT President & Chief Executive Officer Q3 2026 EARNINGS PRESENTATION 4
Slide 5: I'm encouraged by how quickly our system has aligned and taken action
“ I'm encouraged by how quickly our system has aligned and taken action around Dave's Way, our multi-year business strategy rooted in the values and standards established ” by our founder. Bob Wright, President and CEO Q3 2026 EARNINGS PRESENTATION 5
Slide 6: Strategic Actions Underway
STRATEGIC ACTIONS UNDERWAY MENU DELIVERY Testing ingredient and menu item Proven initiatives moved from test to broad improvements participation across the system MARKETING BREAKFAST OPTIONALITY Evolved media approach and creative Flexibility to refocus on core dayparts to highlighting quality diffe
Slide 7: Q3 2026 Results
Q3 2026 RESULTS (5.9)% (5.7)% 3.5% Global systemwide U.S. same-restaurant Intl systemwide sales growth sales growth sales growth (0.5)% $113.4M $174.2M Total Revenues Adjusted EBITDA 1 Year-to-Date Free Cash Flow 1 1 See reconciliation of non-GAAP financial measures in the Appendix Q3 2026 EARNINGS
Slide 8: Dave's Way
DAVE’S WAY OUR MENU WITH DISTINCT BRANDING OPERATIONAL A WINNING DIGITAL RESTAURANTS QUALITY FOOD AND MARKETING EXCELLENCE THAT EXPERIENCE TO AS THE ENGINE AT REAL VALUE TO DRIVE DEMAND DELIGHTS CUSTOMERS BUILD FREQUENCY FOR GROWTH Grow customer traffic and market share while strengthening restauran
Slide 9: Dave's Way: Our Multi-Year Strategic Plan
DAVE'S WAY: OUR MULTI-YEAR STRATEGIC PLAN Aligned the global system, including franchisees and OUR OBJECTIVE suppliers Aligned the leadership Grow customer traffic team and organization with strategy and market share while strengthening Established a Strategic restaurant profitability Activation Off
Slide 10: Key Takeaways
KEY TAKEAWAYS Aligned global franchise system in support of Dave’s Way and 1 THE PLAN IS SET began executing strategic initiatives Testing underway ahead of 2027 menu relaunch; refined media 2 ACTIONS ARE UNDERWAY placement approach; 90%+ of U.S. franchise restaurants now participating in new delive
Slide 11: Financial Results
FINANCIAL RESULTS STEVE CIRULIS Chief Financial Officer & Chief Strategy Officer Q3 2026 EARNINGS PRESENTATION 11
Slide 12: Q3 2026 Financial Results
Q3 2026 FINANCIAL RESULTS $ Millions (except per share amounts) 2026 2025 B/(W) Global Systemwide Sales Growth (5.9)% (2.6)% 2-Yr (8.5)% Global SRS Growth (5.2)% (3.7)% 2-Yr (8.9)% U.S. Company-Operated Restaurant Margin 11.7% 13.1% (140)bps G&A $73.1 $57.9 (26.3)% Adjusted EBITDA 1 $113.4 $138.0 (1
Slide 13: Capital Allocation
CAPITAL ALLOCATION 1 2 3 4 CONTINUE TO PAY AN MAINTAIN A UTILIZE INVEST IN ATTRACTIVE STRONG EXCESS THE DIVIDEND BALANCE CASH TO BUSINESS SHEET REPURCHASE FOR GROWTH SHARES Announced quarterly dividend payment of $0.07 per share Q3 2026 EARNINGS PRESENTATION 13
Slide 14: Third Quarter 2026 Conference Call
THIRD QUARTER 2026 CONFERENCE CALL November 5, 2026 Q3 2026 EARNINGS PRESENTATION 14
Slide 15: Appendix
APPENDIX Q3 2026 EARNINGS PRESENTATION 15
Slide 16: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES In addition to the GAAP financial measures included in this presentation, the Company has presented certain non-GAAP financial measures (i.e., adjusted revenues, adjusted EBITDA, adjusted earnings per share and free cash flow). These non-GAAP financial m
Slide 17: Reconciliations of Net Income to Adjusted EBITDA and Revenues to Adjusted Revenues
RECONCILIATIONS OF NET INCOME TO ADJUSTED EBITDA AND REVENUES TO ADJUSTED REVENUES Q3 2026 EARNINGS PRESENTATION 17
Slide 18: Reconciliation of Net Income and Diluted EPS to Adjusted Income and Adjusted EPS
RECONCILIATION OF NET INCOME AND DILUTED EARNINGS PER SHARE TO ADJUSTED INCOME AND ADJUSTED EARNINGS PER SHARE Q3 2026 EARNINGS PRESENTATION 18
Slide 19: Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW Q3 2026 EARNINGS PRESENTATION 19
Slide 20: Additional Information
ADDITIONAL INFORMATION Aaron Broholm Head of Investor Relations [email protected] Phone: (614) 764-3345 Investor Relations Website www.irwendys.com Q3 2026 EARNINGS PRESENTATION 20