Wendy's CoWENEarnings & Financial Report
The Wendy's Company is an American fast food corporation and the holding company for Wendy's and First Kitchen. Originally founded as the Deisel-Wemmer Company, it is headquartered in Dublin, Ohio. The company's principal subsidiary, Wendy's International, is the franchisor of Wendy's restaurants.
Revenue
$523.5M
Gross Profit
$335.3M
Operating Profit
$83.1M
Net Profit
$39.2M
Gross Margin
64.1%
Operating Margin
15.9%
Net Margin
7.5%
YoY Growth
-2.1%
EPS
$0.19
Wendy's Co Q1 FY2025 Financial Summary
Wendy's Co reported revenue of $523.5M (down 2.1% YoY) for Q1 FY2025, with a net profit of $39.2M (down 6.6% YoY) (7.5% margin). Cost of goods sold was $188.2M, operating expenses totaled $252.2M.
Key Financial Metrics
| Total Revenue | $523.5M |
|---|---|
| Net Profit | $39.2M |
| Gross Margin | 64.1% |
| Operating Margin | 15.9% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Wendy's Co Q1 FY2025 revenue of $523.5M breaks down across 7 segments, led by Franchise Royalty Revenueand Fees at $145.1M (27.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Franchise Royalty Revenueand Fees | $145.1M | 27.7% |
| Royalty | $104.4M | 19.9% |
| Advertising | $100.4M | 19.2% |
| Global Real Estate Development | $59.1M | 11.3% |
| Real Estate | $58.5M | 11.2% |
| Wendys International | $34.7M | 6.6% |
| Franchise | $20.7M | 4.0% |
Wendy's Co Revenue by Segment — Quarterly Trend
Wendy's Co revenue by segment across the last 4 reported quarters, showing how each business line (such as Franchise Royalty Revenueand Fees and Royalty) has evolved quarter over quarter.
| Segment | Q1 FY2027 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Franchise Royalty Revenueand Fees | — | $149.3M | $152.0M | $156.3M |
| Royalty | — | $103.6M | $108.2M | $112.8M |
| Advertising | — | $103.3M | $107.0M | $111.4M |
| Global Real Estate Development | — | $60.5M | $58.2M | $60.9M |
| Real Estate | — | $59.5M | $57.3M | $60.4M |
Wendy's Co Annual Revenue by Year
Wendy's Co annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.2B |
| 2024 | $2.2B |
| 2022 | $2.1B |
Wendy's Co Quarterly Revenue & Net Profit History
Wendy's Co results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2027 | $523.5M | -3.2% | $39.2M | 7.5% |
| Q4 FY2025 | $543.0M | -5.5% | $26.5M | 4.9% |
| Q3 FY2025 | $549.5M | -3.0% | $44.3M | 8.1% |
| Q2 FY2025 | $560.9M | -1.7% | $55.1M | 9.8% |
| Q1 FY2025 | $523.5M | -2.1% | $39.2M | 7.5% |
| Q4 FY2024 | $574.3M | +4.3% | $47.5M | 8.3% |
| Q3 FY2024 | $566.7M | +0.9% | $50.2M | 8.9% |
| Q2 FY2024 | $570.7M | +7.9% | $54.6M | 9.6% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $570.7M | $566.7M | $574.3M | $523.5M | $560.9M | $549.5M | $543.0M | $523.5M |
| YoY Growth | 7.9% | 0.9% | 4.3% | -2.1% | -1.7% | -3.0% | -5.5% | -3.2% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $5.09B | $5.07B | $5.03B | $4.92B | $4.89B | $4.98B | $4.96B | $4.96B |
| Liabilities | $4.81B | $4.81B | $4.78B | $4.79B | $4.78B | $4.87B | $4.84B | $4.84B |
| Equity | $273.8M | $259.9M | $259.4M | $130.2M | $112.9M | $109.2M | $117.4M | $117.4M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $45.5M | $141.2M | $68.6M | $85.4M | $60.6M | $129.3M | $69.3M | $85.4M |