$WEN
Wendy's Co Stock $wen

$wen Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000003069724000009 Filed on May 02, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$570.7M	$534.8M
YoY Change	7.93%	-0.33%
Cost Of Revenue	$199.9M	$192.1M
YoY Change	1.7%	-3.67%
Gross Profit	$370.8M	$342.6M
YoY Change	11.61%	1.65%
Gross Profit Margin	64.98%	64.07%
Selling, General & Admin	$222.1M	$178.5M
YoY Change	9.72%	-19.26%
% of Gross Profit	59.89%	52.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$37.49M	$35.52M
YoY Change	12.01%	9.28%
% of Gross Profit	10.11%	10.37%
Operating Expenses	$262.7M	$217.0M
YoY Change	10.54%	-14.72%
Operating Profit	$99.51M	$81.16M
YoY Change	17.79%	-1.73%
Interest Expense	$31.00M	$30.54M
YoY Change	-2.24%	-203.81%
% of Operating Profit	31.15%	37.63%
Other Income/Expense, Net	$6.300M	$6.836M
YoY Change	-14.12%	13.03%
Pretax Income	$74.82M	$57.46M
YoY Change	35.35%	-1.2%
Income Tax	$20.18M	$15.46M
% Of Pretax Income	26.97%	26.91%
Net Earnings	$54.64M	$41.99M
YoY Change	37.22%	1.74%
Net Earnings / Revenue	9.57%	7.85%
Basic Earnings Per Share	$0.27	$0.20
Diluted Earnings Per Share	$0.27	$0.20
COMMON SHARES
Basic Shares Outstanding	205.1M shares	205.5M shares
Diluted Shares Outstanding	206.2M shares	207.0M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$465.5M	$498.3M
YoY Change	-31.19%	-33.19%
Cash & Equivalents	$465.5M	$498.3M
Short-Term Investments
Other Short-Term Assets	$201.0M	$237.5M
YoY Change	9.17%	25.79%
Inventory	$6.379M	$6.110M
Prepaid Expenses
Receivables	$117.7M	$125.5M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$790.6M	$867.5M
YoY Change	-21.21%	-18.02%
LONG-TERM ASSETS
Property, Plant & Equipment	$894.6M	$890.7M
YoY Change	1.07%	-0.57%
Goodwill	$772.8M	$773.1M
YoY Change	-0.04%	0.0%
Intangibles	$1.203B	$1.210B
YoY Change	-2.99%	-3.1%
Long-Term Investments	$323.7M	$31.51M
YoY Change	865.13%	-7.1%
Other Assets	$185.4M	$183.7M
YoY Change	3.55%	7.48%
Total Long-Term Assets	$4.298B	$4.322B
YoY Change	-2.43%	-2.68%
TOTAL ASSETS
Total Short-Term Assets	$790.6M	$867.5M
Total Long-Term Assets	$4.298B	$4.322B
Total Assets	$5.088B	$5.190B
YoY Change	-5.91%	-5.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$25.77M	$26.18M
YoY Change	-43.17%	-40.51%
Accrued Expenses	$116.5M	$144.2M
YoY Change	-12.99%	24.31%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$29.25M	$29.25M
YoY Change	0.0%	0.0%
Total Short-Term Liabilities	$364.9M	$425.4M
YoY Change	-8.68%	9.65%
LONG-TERM LIABILITIES
Long-Term Debt	$2.722B	$2.727B
YoY Change	-2.32%	-3.36%
Other Long-Term Liabilities	$87.07M	$90.05M
YoY Change	-9.76%	-8.9%
Total Long-Term Liabilities	$2.809B	$2.817B
YoY Change	-2.57%	-3.55%
TOTAL LIABILITIES
Total Short-Term Liabilities	$364.9M	$425.4M
Total Long-Term Liabilities	$2.809B	$2.817B
Total Liabilities	$4.814B	$4.896B
YoY Change	-3.49%	-2.73%
SHAREHOLDERS EQUITY
Retained Earnings	$403.8M	$400.5M
YoY Change	0.6%	-3.44%
Common Stock	$47.04M	$47.04M
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$3.077B	$3.053B
YoY Change	5.87%	6.39%
Treasury Stock Shares
Shareholders Equity	$273.8M	$293.7M
YoY Change
Total Liabilities & Shareholders Equity	$5.088B	$5.190B
YoY Change	-5.91%	-5.63%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	$54.64M	$41.99M
YoY Change	37.22%	1.74%
Depreciation, Depletion And Amortization	$37.49M	$35.52M
YoY Change	12.01%	9.28%
Cash From Operating Activities	$45.48M	$99.99M
YoY Change	-14.16%	29.41%
INVESTING ACTIVITIES
Capital Expenditures	$17.11M	$17.35M
YoY Change	39.8%	-51.13%
Acquisitions
YoY Change
Other Investing Activities	-$6.034M	-$3.459M
YoY Change	-3470.95%	-190.84%
Cash From Investing Activities	-$23.15M	-$20.81M
YoY Change	91.9%	-34.34%
FINANCING ACTIVITIES
Cash Dividend Paid		$51.37M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net		$7.313M
YoY Change
Cash From Financing Activities	-89.75M	-$72.63M
YoY Change	-32.15%	102.7%
NET CHANGE
Cash From Operating Activities	45.48M	$99.99M
Cash From Investing Activities	-23.15M	-$20.81M
Cash From Financing Activities	-89.75M	-$72.63M
Net Change In Cash	-67.42M	$4.270M
YoY Change	-26.1%	-56.13%
FREE CASH FLOW
Cash From Operating Activities	$45.48M	$99.99M
Capital Expenditures	$17.11M	$17.35M
Free Cash Flow	$28.37M	$82.63M
YoY Change	-30.37%	97.89%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P0Y9M
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P1Y
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P1Y
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P1Y
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P1Y
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P0Y
CY2023Q2	wen	Franchise Rental Expense FranchiseRentalExpense	30629000	usd
CY2024Q1	wen	Advertisingfundsexpense Advertisingfundsexpense	107374000	usd
CY2024Q1	us-gaap	Revenues Revenues	534753000	usd
CY2023Q2	us-gaap	Revenues Revenues	528807000	usd
CY2024Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	192113000	usd
CY2023Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	196536000	usd
CY2024Q1	us-gaap	Franchisor Costs FranchisorCosts	14742000	usd
CY2023Q2	us-gaap	Franchisor Costs FranchisorCosts	13260000	usd
CY2024Q1	wen	Franchise Rental Expense FranchiseRentalExpense	31778000	usd
CY2023Q2	wen	Advertisingfundsexpense Advertisingfundsexpense	101661000	usd
CY2024Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	63757000	usd
CY2023Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	62276000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	35518000	usd
CY2023Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	33472000	usd
CY2024Q1	wen	Amortization Of Cloud Computing Arrangements AmortizationOfCloudComputingArrangements	3542000	usd
CY2023Q2	wen	Amortization Of Cloud Computing Arrangements AmortizationOfCloudComputingArrangements	1582000	usd
CY2024Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-127000	usd
CY2023Q2	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	5000	usd
CY2024Q1	us-gaap	Restructuring Charges RestructuringCharges	5673000	usd
CY2023Q2	us-gaap	Restructuring Charges RestructuringCharges	6808000	usd
CY2024Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2006000	usd
CY2023Q2	us-gaap	Asset Impairment Charges AssetImpairmentCharges	376000	usd
CY2024Q1	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	3033000	usd
CY2023Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	2266000	usd
CY2024Q1	us-gaap	Costs And Expenses CostsAndExpenses	453597000	usd
CY2023Q2	us-gaap	Costs And Expenses CostsAndExpenses	444329000	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	81156000	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	84478000	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	30535000	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	31705000	usd
CY2024Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2023Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-1266000	usd
CY2024Q1	us-gaap	Investment Income Net InvestmentIncomeNet	0	usd
CY2023Q2	us-gaap	Investment Income Net InvestmentIncomeNet	-3562000	usd
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	6836000	usd
CY2023Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	7336000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	57457000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	55281000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	15464000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	15460000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	41993000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	39821000	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.20
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.20
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.19
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.19
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	41993000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	39821000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-4586000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	158000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-4586000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	158000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	37407000	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	39979000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	309779000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	41993000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-4586000	usd
CY2024Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	51374000	usd
CY2024Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	7216000	usd
CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	5853000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	1215000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	-2077000	usd
CY2024Q1	us-gaap	Stockholders Equity Other StockholdersEquityOther	-67000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	293654000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	465720000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	39821000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	158000	usd
CY2023Q2	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	53103000	usd
CY2023Q2	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	38810000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	4609000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	2616000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	-1544000	usd
CY2023Q2	us-gaap	Stockholders Equity Other StockholdersEquityOther	-90000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	419557000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	41993000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	39821000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	35518000	usd
CY2023Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	33472000	usd
CY2024Q1	wen	Amortization Of Cloud Computing Arrangements AmortizationOfCloudComputingArrangements	3542000	usd
CY2023Q2	wen	Amortization Of Cloud Computing Arrangements AmortizationOfCloudComputingArrangements	1582000	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	5853000	usd
CY2023Q2	us-gaap	Share Based Compensation ShareBasedCompensation	4609000	usd
CY2024Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2006000	usd
CY2023Q2	us-gaap	Asset Impairment Charges AssetImpairmentCharges	376000	usd
CY2024Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	603000	usd
CY2023Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	2302000	usd
CY2024Q1	wen	Noncash Rent Expense Income NoncashRentExpenseIncome	10974000	usd
CY2023Q2	wen	Noncash Rent Expense Income NoncashRentExpenseIncome	9012000	usd
CY2024Q1	wen	Operating Lease Payments Applied To Lease Liabilities OperatingLeasePaymentsAppliedToLeaseLiabilities	12112000	usd
CY2023Q2	wen	Operating Lease Payments Applied To Lease Liabilities OperatingLeasePaymentsAppliedToLeaseLiabilities	11718000	usd
CY2024Q1	wen	Net Receiptof Deferred Vendor Incentives NetReceiptofDeferredVendorIncentives	8584000	usd
CY2023Q2	wen	Net Receiptof Deferred Vendor Incentives NetReceiptofDeferredVendorIncentives	-1197000	usd
CY2024Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-127000	usd
CY2023Q2	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	5000	usd
CY2024Q1	wen	Distributionsfrom Equity Method Investment Netof Equityin Earnings DistributionsfromEquityMethodInvestmentNetofEquityinEarnings	430000	usd
CY2023Q2	wen	Distributionsfrom Equity Method Investment Netof Equityin Earnings DistributionsfromEquityMethodInvestmentNetofEquityinEarnings	394000	usd
CY2024Q1	wen	Operatingactivitiesfromlongtermdebtnet Operatingactivitiesfromlongtermdebtnet	1870000	usd
CY2023Q2	wen	Operatingactivitiesfromlongtermdebtnet Operatingactivitiesfromlongtermdebtnet	3419000	usd
CY2024Q1	wen	Payments For Cloud Computing Arrangements PaymentsForCloudComputingArrangements	2865000	usd
CY2023Q2	wen	Payments For Cloud Computing Arrangements PaymentsForCloudComputingArrangements	6643000	usd
CY2024Q1	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	-3464000	usd
CY2023Q2	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	22449000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	99987000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	52975000	usd
CY2024Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	17354000	usd
CY2023Q2	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	12240000	usd
CY2024Q1	wen	Franchise Development Fund FranchiseDevelopmentFund	4741000	usd
CY2023Q2	wen	Franchise Development Fund FranchiseDevelopmentFund	218000	usd
CY2024Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	26000	usd
CY2023Q2	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	287000	usd
CY2024Q1	wen	Increasedecreaseinnotesreceivablenetforinvestingactivities Increasedecreaseinnotesreceivablenetforinvestingactivities	1256000	usd
CY2023Q2	wen	Increasedecreaseinnotesreceivablenetforinvestingactivities Increasedecreaseinnotesreceivablenetforinvestingactivities	110000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-20813000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-12061000	usd
CY2024Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	7313000	usd
CY2023Q2	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	39122000	usd
CY2024Q1	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	5465000	usd
CY2023Q2	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	4398000	usd
CY2024Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	7295000	usd
CY2023Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	36727000	usd
CY2024Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	51374000	usd
CY2023Q2	us-gaap	Payments Of Dividends PaymentsOfDividends	53103000	usd
CY2024Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	932000	usd
CY2023Q2	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	2881000	usd
CY2024Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2115000	usd
CY2023Q2	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1809000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-72630000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-132278000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	6544000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-91364000	usd
CY2024Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-2274000	usd
CY2023Q2	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	129000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	4270000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-91235000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	588816000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	831801000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	593086000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	740566000	usd
CY2024Q1	us-gaap	Revenues Revenues	534753000	usd
CY2023Q2	us-gaap	Revenues Revenues	528807000	usd
CY2024Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	100264000	usd
CY2023Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	100805000	usd
CY2023Q4	us-gaap	Equity Method Investments EquityMethodInvestments	32727000	usd
CY2024Q1	us-gaap	Equity Securities Without Readily Determinable Fair Value Amount EquitySecuritiesWithoutReadilyDeterminableFairValueAmount	1718000	usd
CY2023Q4	us-gaap	Equity Securities Without Readily Determinable Fair Value Amount EquitySecuritiesWithoutReadilyDeterminableFairValueAmount	1718000	usd
CY2024Q1	us-gaap	Long Term Investments LongTermInvestments	33230000	usd
CY2023Q4	us-gaap	Long Term Investments LongTermInvestments	34445000	usd
CY2023Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	100805000	usd
CY2023Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	99208000	usd
CY2024Q1	us-gaap	Deferred Revenue Revenue Recognized1 DeferredRevenueRevenueRecognized1	2804000	usd
CY2023Q2	us-gaap	Deferred Revenue Revenue Recognized1 DeferredRevenueRevenueRecognized1	2814000	usd
CY2024Q1	us-gaap	Deferred Revenue Additions DeferredRevenueAdditions	2263000	usd
CY2023Q2	us-gaap	Deferred Revenue Additions DeferredRevenueAdditions	1300000	usd
CY2024Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	100264000	usd
CY2023Q2	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	97694000	usd
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	9345000	usd
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	6526000	usd
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	6390000	usd
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	6290000	usd
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	6169000	usd
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	65544000	usd
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	100264000	usd
CY2024Q1	wen	Companyoperatedrestaurantownershippercentage Companyoperatedrestaurantownershippercentage	0.05
CY2024Q1	wen	Companyoperatedrestaurantownershippercentage Companyoperatedrestaurantownershippercentage	0.05
CY2024Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-127000	usd
CY2023Q2	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	5000	usd
CY2024Q1	us-gaap	Restructuring Charges RestructuringCharges	5673000	usd
CY2023Q2	us-gaap	Restructuring Charges RestructuringCharges	6808000	usd
CY2024Q1	us-gaap	Equity Method Investments EquityMethodInvestments	31512000	usd
CY2023Q2	us-gaap	Investment Income Net InvestmentIncomeNet	-3562000	usd
CY2024Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2006000	usd
CY2023Q2	us-gaap	Asset Impairment Charges AssetImpairmentCharges	376000	usd
CY2024Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	6789000	shares
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	4532000	shares
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.269
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.280
CY2024Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
CY2024Q1	us-gaap	Unrecognized Tax Benefits Period Increase Decrease UnrecognizedTaxBenefitsPeriodIncreaseDecrease	0	usd
CY2024Q1	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Expense UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense	0	usd
CY2024Q1	us-gaap	Decrease In Unrecognized Tax Benefits Is Reasonably Possible DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible	220000	usd
CY2024Q1	us-gaap	Income Tax Receivable IncomeTaxReceivable	6830000	usd
CY2023Q4	us-gaap	Income Tax Receivable IncomeTaxReceivable	5284000	usd
CY2024Q1	us-gaap	Income Taxes Receivable Noncurrent IncomeTaxesReceivableNoncurrent	0	usd
CY2023Q4	us-gaap	Income Taxes Receivable Noncurrent IncomeTaxesReceivableNoncurrent	0	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	41993000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	39821000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	205372000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	212547000	shares
CY2024Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1599000	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	2482000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	206971000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	215029000	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.20
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.20
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.19
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.19
CY2024Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.25
CY2023Q2	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.25
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-58375000	usd
CY2023Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-64176000	usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-62961000	usd
CY2023Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-64018000	usd
CY2024Q1	us-gaap	Number Of Restaurants NumberOfRestaurants	7248	number_of_restaurants
CY2024Q1	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	4297000	usd
CY2023Q2	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	4063000	usd
CY2024Q1	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	10658000	usd
CY2023Q2	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	10750000	usd
CY2024Q1	wen	Total Finance Lease Cost TotalFinanceLeaseCost	14955000	usd
CY2023Q2	wen	Total Finance Lease Cost TotalFinanceLeaseCost	14813000	usd
CY2024Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	21701000	usd
CY2023Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	21449000	usd
CY2024Q1	us-gaap	Variable Lease Cost VariableLeaseCost	16488000	usd
CY2023Q2	us-gaap	Variable Lease Cost VariableLeaseCost	16081000	usd
CY2024Q1	us-gaap	Short Term Lease Cost ShortTermLeaseCost	1394000	usd
CY2023Q2	us-gaap	Short Term Lease Cost ShortTermLeaseCost	1506000	usd
CY2024Q1	wen	Total Operating Lease Cost TotalOperatingLeaseCost	39583000	usd
CY2023Q2	wen	Total Operating Lease Cost TotalOperatingLeaseCost	39036000	usd
CY2024Q1	us-gaap	Lease Cost LeaseCost	54538000	usd
CY2023Q2	us-gaap	Lease Cost LeaseCost	53849000	usd
CY2024Q1	us-gaap	Sales Type And Direct Financing Leases Profit Loss SalesTypeAndDirectFinancingLeasesProfitLoss	-16000	usd
CY2023Q2	us-gaap	Sales Type And Direct Financing Leases Profit Loss SalesTypeAndDirectFinancingLeasesProfitLoss	129000	usd
CY2024Q1	us-gaap	Sales Type And Direct Financing Leases Interest Income SalesTypeAndDirectFinancingLeasesInterestIncome	7719000	usd
CY2023Q2	us-gaap	Sales Type And Direct Financing Leases Interest Income SalesTypeAndDirectFinancingLeasesInterestIncome	7862000	usd
CY2024Q1	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	41497000	usd
CY2023Q2	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	42156000	usd
CY2024Q1	us-gaap	Variable Lease Income VariableLeaseIncome	16489000	usd
CY2023Q2	us-gaap	Variable Lease Income VariableLeaseIncome	15651000	usd
CY2024Q1	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	57986000	usd
CY2023Q2	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	57807000	usd
CY2024Q1	us-gaap	Sublease Income SubleaseIncome	42783000	usd
CY2023Q2	us-gaap	Sublease Income SubleaseIncome	42951000	usd
CY2024Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	9161000	usd
CY2023Q2	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	9119000	usd
CY2024Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	3749000	usd
CY2023Q2	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	333000	usd
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	498333000	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	516037000	usd
CY2024Q1	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	36058000	usd
CY2023Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	35848000	usd
CY2024Q1	wen	Restricted Cash Advertising Funds Restricted Assets RestrictedCashAdvertisingFundsRestrictedAssets	58695000	usd
CY2023Q4	wen	Restricted Cash Advertising Funds Restricted Assets RestrictedCashAdvertisingFundsRestrictedAssets	36931000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	593086000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	588816000	usd
CY2024Q1	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	28842000	usd
CY2024Q1	us-gaap	Revenues Revenues	534753000	usd
CY2023Q2	us-gaap	Revenues Revenues	528807000	usd
CY2024Q1	wen	Advertising Funds Surplus Deficit Net AdvertisingFundsSurplusDeficitNet	207000	usd
CY2023Q2	wen	Advertising Funds Surplus Deficit Net AdvertisingFundsSurplusDeficitNet	1106000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	35518000	usd
CY2023Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	33472000	usd
CY2024Q1	wen	Amortization Of Cloud Computing Arrangements AmortizationOfCloudComputingArrangements	3542000	usd
CY2023Q2	wen	Amortization Of Cloud Computing Arrangements AmortizationOfCloudComputingArrangements	1582000	usd
CY2024Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-127000	usd
CY2023Q2	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	5000	usd
CY2024Q1	us-gaap	Restructuring Charges RestructuringCharges	5673000	usd
CY2023Q2	us-gaap	Restructuring Charges RestructuringCharges	6808000	usd
CY2024Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2006000	usd
CY2023Q2	us-gaap	Asset Impairment Charges AssetImpairmentCharges	376000	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	30535000	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	31705000	usd
CY2024Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2023Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-1266000	usd
CY2024Q1	us-gaap	Investment Income Net InvestmentIncomeNet	0	usd
CY2023Q2	us-gaap	Investment Income Net InvestmentIncomeNet	-3562000	usd
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	6836000	usd
CY2023Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	7336000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	57457000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	55281000	usd

Files In Submission

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Wendy's Co Stock $wen

2024 Q2 Form 10-Q Financial Statement

#000003069724000009 Filed on May 02, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WEN Wendy's Co Stock $wen

2024 Q2 Form 10-Q Financial Statement

#000003069724000009 Filed on May 02, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WEN
Wendy's Co Stock $wen