Wendy's Q2 net income down 41% to $0.17/sh; withdraws 2026 outlook, cuts dividend

Wendy's Co

Q2 revenue $570.6M; global systemwide sales down 6.5% to $3.42B on 8.2% US decline; US comps -7.0%
Net income $32.6M vs $55.1M (-40.8%); adjusted EPS $0.18 vs $0.29; adjusted EBITDA $124.1M, down 15.4%
Company withdraws 2026 outlook and reduces dividend to fund turnaround under returning CEO Bob Wright
US company-operated restaurant margin fell 240bps to 13.8%; net restaurant closures of 71 in Q2, 217 YTD
First-half free cash flow $120.3M, up 9.9%; G&A up 11.3% to $66.2M in Q2

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