Wendy's Q1 net income down 42% to $22.7M; U.S. same-restaurant sales -7.8%

Wendy's Co

2026-Q1 EPS reported $0.12 revenue$540,637,000

Reported diluted EPS $0.12, adjusted EPS $0.12; net income fell to $22.7M from $39.2M a year ago.
Global systemwide sales $3.2B down 5.5%; U.S. same-restaurant sales declined 7.8%.
International systemwide sales grew 6.0%; signed franchise agreement for up to 1,000 restaurants in China over 10 years.
U.S. company-operated restaurant margin declined 340bps to 11.4%; adjusted EBITDA down 10.6% to $111.3M.
Free cash flow $36.5M, down 46.3%; full-year 2026 outlook reaffirmed.

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