Wendy's stock experienced a significant pre-market plunge of 10.04% following the release of its fourth-quarter financial results.

The sharp decline appears to be driven by the company's quarterly revenue falling short of analyst expectations. Wendy's reported adjusted revenue of $439.6 million for the quarter, significantly below the consensus estimate of $536 million. The company's earnings per share came in at $0.14 for the period.

While Wendy's did report an adjusted EBITDA of $113.3 million, which slightly exceeded estimates of $112.7 million, the substantial revenue miss appears to have overshadowed this positive metric, leading to negative investor sentiment in pre-market trading.