secwatch.observer — SEC 8-K summary
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Issuer:     Wendy's Co (WEN)
CIK:        0000030697
Form:       8-K
Filed at:   2026-05-08T23:59:59+00:00
Accession:  0001193125-26-213270
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30697/000119312526213270/0001193125-26-213270-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30697/000119312526213270/d70702d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-213270

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