Wendy's Q3 revenue $549.5M, net income $44.3M; U.S. same-store sales down 4.7%

Wendy's Co

2025-Q3 EPS reported $0.71 revenue$1,633,917,000

Adjusted revenue $442.5M (-0.2% YoY); adjusted EPS $0.24 (-4.0% YoY); reported EPS $0.23.
U.S. same-restaurant sales fell 4.7%; international same-restaurant sales grew 3.0%.
Adjusted EBITDA up 2.1% to $138.0M; free cash flow outlook raised by ~$35M at midpoint.
Opened 54 new restaurants in Q3; total additions 172 YTD; international systemwide sales +8.6%.
Interim CEO Ken Cook announced 'Project Fresh' turnaround plan for U.S. operations.

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