Wendy’s reported FY 2025 results with total revenues of USD 2.18 billion (-3.1%) and operating profit of USD 343.5 million. Net income was USD 165.1 million, while income before income taxes totaled USD 227.2 million (-16.6%) and the effective tax rate was 27.4%. Interest expense, net was USD 126.5 million. Global systemwide sales were USD 13.96 billion, with U.S. systemwide sales of USD 11.9 billion and international systemwide sales of USD 2.06 billion. Global same-restaurant sales decreased 4.7% (U.S. -5.6%; international +1.3%), and global company-operated restaurant margin was 13.6%. Digital sales rose to approximately 20.8% of global systemwide sales, and the system ended FY 2025 with 7,397 restaurants, up 157 net new restaurants. During 2025, Wendy’s announced Project Fresh, a U.S. plan focused on brand revitalization, operational excellence, system optimization and capital allocation. The company also highlighted the acquisition of 35 franchise-operated restaurants in Q3 2025. For capital returns, Wendy’s repurchased USD 200 million of shares in FY 2025 and paid USD 129.6 million in dividends. Cash, cash equivalents and restricted cash totaled USD 357.7 million at year-end.

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