secwatch.observer — SEC 8-K summary
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Issuer:     Wendy's Co (WEN)
CIK:        0000030697
Form:       8-K
Filed at:   2026-08-07T11:06:14+00:00
Accession:  0001193125-26-339132
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30697/000119312526339132/0001193125-26-339132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30697/000119312526339132/d130352d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-339132

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