$WEN
Wendy's Co Stock $wen

$wen Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000003069724000012 Filed on August 01, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$566.7M	$570.7M
YoY Change	0.92%	7.93%
Cost Of Revenue	$195.6M	$199.9M
YoY Change	-2.67%	1.7%
Gross Profit	$371.1M	$370.8M
YoY Change	2.92%	11.61%
Gross Profit Margin	65.48%	64.98%
Selling, General & Admin	$232.1M	$222.1M
YoY Change	9.31%	9.72%
% of Gross Profit	62.53%	59.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$37.00M	$37.49M
YoY Change	10.44%	12.01%
% of Gross Profit	9.97%	10.11%
Operating Expenses	$272.4M	$262.7M
YoY Change	11.05%	10.54%
Operating Profit	$94.68M	$99.51M
YoY Change	-13.36%	17.79%
Interest Expense	-$28.17M	$31.00M
YoY Change	-190.47%	-2.24%
% of Operating Profit	-29.75%	31.15%
Other Income/Expense, Net	$6.246M	$6.300M
YoY Change	-17.52%	-14.12%
Pretax Income	$69.65M	$74.82M
YoY Change	-11.7%	35.35%
Income Tax	$19.43M	$20.18M
% Of Pretax Income	27.89%	26.97%
Net Earnings	$50.22M	$54.64M
YoY Change	-15.78%	37.22%
Net Earnings / Revenue	8.86%	9.57%
Basic Earnings Per Share	$0.25	$0.27
Diluted Earnings Per Share	$0.25	$0.27
COMMON SHARES
Basic Shares Outstanding	203.2M shares	205.1M shares
Diluted Shares Outstanding	204.3M shares	206.2M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$482.2M	$465.5M
YoY Change	-24.11%	-31.19%
Cash & Equivalents	$482.2M	$465.5M
Short-Term Investments
Other Short-Term Assets	$183.3M	$201.0M
YoY Change	0.25%	9.17%
Inventory	$6.251M	$6.379M
Prepaid Expenses
Receivables	$111.4M	$117.7M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$783.2M	$790.6M
YoY Change	-19.04%	-21.21%
LONG-TERM ASSETS
Property, Plant & Equipment	$894.2M	$894.6M
YoY Change	0.61%	1.07%
Goodwill	$773.2M	$772.8M
YoY Change	-0.06%	-0.04%
Intangibles	$1.199B	$1.203B
YoY Change	-2.63%	-2.99%
Long-Term Investments	$317.5M	$323.7M
YoY Change	829.22%	865.13%
Other Assets	$183.7M	$185.4M
YoY Change	-0.08%	3.55%
Total Long-Term Assets	$4.290B	$4.298B
YoY Change	-2.2%	-2.43%
TOTAL ASSETS
Total Short-Term Assets	$783.2M	$790.6M
Total Long-Term Assets	$4.290B	$4.298B
Total Assets	$5.073B	$5.088B
YoY Change	-5.24%	-5.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$29.05M	$25.77M
YoY Change	-24.83%	-43.17%
Accrued Expenses	$128.7M	$116.5M
YoY Change	-2.8%	-12.99%
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	$373.1M	$364.9M
YoY Change	-4.32%	-8.68%
LONG-TERM LIABILITIES
Long-Term Debt	$2.716B	$2.722B
YoY Change	-2.32%	-2.32%
Other Long-Term Liabilities	$84.61M	$87.07M
YoY Change	-10.66%	-9.76%
Total Long-Term Liabilities	$2.801B	$2.809B
YoY Change	-2.6%	-2.57%
TOTAL LIABILITIES
Total Short-Term Liabilities	$373.1M	$364.9M
Total Long-Term Liabilities	$2.801B	$2.809B
Total Liabilities	$4.813B	$4.814B
YoY Change	-3.01%	-3.49%
SHAREHOLDERS EQUITY
Retained Earnings	$403.3M	$403.8M
YoY Change	-1.27%	0.6%
Common Stock	$47.04M	$47.04M
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$3.098B	$3.077B
YoY Change	4.97%	5.87%
Treasury Stock Shares
Shareholders Equity	$259.9M	$273.8M
YoY Change
Total Liabilities & Shareholders Equity	$5.073B	$5.088B
YoY Change	-5.24%	-5.91%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$50.22M	$54.64M
YoY Change	-15.78%	37.22%
Depreciation, Depletion And Amortization	$37.00M	$37.49M
YoY Change	10.44%	12.01%
Cash From Operating Activities	$141.2M	$45.48M
YoY Change	59.52%	-14.16%
INVESTING ACTIVITIES
Capital Expenditures	$17.90M	$17.11M
YoY Change	-0.16%	39.8%
Acquisitions
YoY Change
Other Investing Activities	-$6.942M	-$6.034M
YoY Change	-766.86%	-3470.95%
Cash From Investing Activities	-$24.84M	-$23.15M
YoY Change	47.12%	91.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-88.19M	-89.75M
YoY Change	-22.64%	-32.15%
NET CHANGE
Cash From Operating Activities	141.2M	45.48M
Cash From Investing Activities	-24.84M	-23.15M
Cash From Financing Activities	-88.19M	-89.75M
Net Change In Cash	28.19M	-67.42M
YoY Change	-166.57%	-26.1%
FREE CASH FLOW
Cash From Operating Activities	$141.2M	$45.48M
Capital Expenditures	$17.90M	$17.11M
Free Cash Flow	$123.3M	$28.37M
YoY Change	74.66%	-30.37%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q3	us-gaap	Interest Expense InterestExpense	31136000	usd
	us-gaap	Interest Expense InterestExpense	61530000	usd
	us-gaap	Interest Expense InterestExpense	62841000	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
	us-gaap	Net Income Loss NetIncomeLoss	96636000	usd
	us-gaap	Net Income Loss NetIncomeLoss	99453000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	73010000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	66970000	usd
	wen	Amortization Of Cloud Computing Arrangements AmortizationOfCloudComputingArrangements	7061000	usd
	wen	Amortization Of Cloud Computing Arrangements AmortizationOfCloudComputingArrangements	3848000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	11677000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	10218000	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2695000	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	454000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-104000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	4254000	usd
	wen	Noncash Rent Expense Income NoncashRentExpenseIncome	21120000	usd
	wen	Noncash Rent Expense Income NoncashRentExpenseIncome	19552000	usd
	wen	Operating Lease Payments Applied To Lease Liabilities OperatingLeasePaymentsAppliedToLeaseLiabilities	24273000	usd
	wen	Operating Lease Payments Applied To Lease Liabilities OperatingLeasePaymentsAppliedToLeaseLiabilities	23528000	usd
	wen	Net Receiptof Deferred Vendor Incentives NetReceiptofDeferredVendorIncentives	5533000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-1000	usd
	wen	Distributionsfrom Equity Method Investment Netof Equityin Earnings DistributionsfromEquityMethodInvestmentNetofEquityinEarnings	542000	usd
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	601000	usd
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	280000	usd
	wen	Increasedecreaseinnotesreceivablenetforinvestingactivities Increasedecreaseinnotesreceivablenetforinvestingactivities	1383000	usd
	wen	Increasedecreaseinnotesreceivablenetforinvestingactivities Increasedecreaseinnotesreceivablenetforinvestingactivities	1335000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-43958000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-28944000	usd
CY2024Q2	us-gaap	Interest Expense InterestExpense	30995000	usd
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P0Y6M
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P1Y
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P1Y
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P1Y
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P1Y
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P0Y
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	465720000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	39821000	usd
	wen	Net Receiptof Deferred Vendor Incentives NetReceiptofDeferredVendorIncentives	6881000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	153000	usd
	wen	Distributionsfrom Equity Method Investment Netof Equityin Earnings DistributionsfromEquityMethodInvestmentNetofEquityinEarnings	1146000	usd
	wen	Operatingactivitiesfromlongtermdebtnet Operatingactivitiesfromlongtermdebtnet	3738000	usd
	wen	Operatingactivitiesfromlongtermdebtnet Operatingactivitiesfromlongtermdebtnet	5334000	usd
	wen	Payments For Cloud Computing Arrangements PaymentsForCloudComputingArrangements	6878000	usd
	wen	Payments For Cloud Computing Arrangements PaymentsForCloudComputingArrangements	16817000	usd
	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	45745000	usd
	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	35658000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	145463000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	141504000	usd
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	34465000	usd
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	30164000	usd
	wen	Payments To Acquire Productive Assets Franchise Development Fund PaymentsToAcquireProductiveAssetsFranchiseDevelopmentFund	11477000	usd
	wen	Payments To Acquire Productive Assets Franchise Development Fund PaymentsToAcquireProductiveAssetsFranchiseDevelopmentFund	395000	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	14625000	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	46434000	usd
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	10336000	usd
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	12336000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	34248000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	86930000	usd
	us-gaap	Payments Of Dividends PaymentsOfDividends	102626000	usd
	us-gaap	Payments Of Dividends PaymentsOfDividends	105715000	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	2098000	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	7847000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2645000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2708000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-162382000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-246276000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-60877000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-133716000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-3298000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2161000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-64175000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-131555000	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
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	524641000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	700246000	usd
CY2024Q2	us-gaap	Revenues Revenues	570727000	usd
CY2023Q3	us-gaap	Revenues Revenues	561565000	usd
	us-gaap	Revenues Revenues	1105480000	usd
	us-gaap	Revenues Revenues	1090372000	usd
CY2024Q2	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	100008000	usd
CY2023Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	100805000	usd
CY2023Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	100805000	usd
CY2023Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	99208000	usd
	us-gaap	Deferred Revenue Revenue Recognized1 DeferredRevenueRevenueRecognized1	6051000	usd
	us-gaap	Deferred Revenue Revenue Recognized1 DeferredRevenueRevenueRecognized1	6591000	usd
	us-gaap	Deferred Revenue Additions DeferredRevenueAdditions	5254000	usd
	us-gaap	Deferred Revenue Additions DeferredRevenueAdditions	7622000	usd
CY2024Q2	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	100008000	usd
CY2023Q3	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	100239000	usd
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	7650000	usd
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	6556000	usd
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	6418000	usd
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	6311000	usd
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	6192000	usd
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	66881000	usd
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	100008000	usd
CY2024Q2	wen	Companyoperatedrestaurantownershippercentage Companyoperatedrestaurantownershippercentage	0.05
CY2024Q2	wen	Companyoperatedrestaurantownershippercentage Companyoperatedrestaurantownershippercentage	0.05
CY2024Q2	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	280000	usd
CY2023Q3	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-6000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	153000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-1000	usd
CY2024Q2	us-gaap	Restructuring Charges RestructuringCharges	2452000	usd
CY2023Q3	us-gaap	Restructuring Charges RestructuringCharges	681000	usd
	us-gaap	Restructuring Charges RestructuringCharges	8125000	usd
	us-gaap	Restructuring Charges RestructuringCharges	7489000	usd
CY2024Q2	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
CY2024Q2	us-gaap	Long Term Investments LongTermInvestments	32181000	usd
CY2023Q4	us-gaap	Long Term Investments LongTermInvestments	34445000	usd
CY2023Q3	us-gaap	Investment Income Net InvestmentIncomeNet	-6827000	usd
	us-gaap	Investment Income Net InvestmentIncomeNet	-10389000	usd
CY2024Q2	us-gaap	Asset Impairment Charges AssetImpairmentCharges	689000	usd
CY2023Q3	us-gaap	Asset Impairment Charges AssetImpairmentCharges	78000	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2695000	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	454000	usd
CY2024Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.270
CY2023Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.244
CY2024Q2	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.269
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.259
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
CY2024Q2	us-gaap	Unrecognized Tax Benefits Period Increase Decrease UnrecognizedTaxBenefitsPeriodIncreaseDecrease	0	usd
	us-gaap	Unrecognized Tax Benefits Period Increase Decrease UnrecognizedTaxBenefitsPeriodIncreaseDecrease	0	usd
	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Expense UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense	0	usd
CY2024Q2	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Expense UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense	0	usd
CY2024Q2	us-gaap	Decrease In Unrecognized Tax Benefits Is Reasonably Possible DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible	220000	usd
CY2024Q2	us-gaap	Income Tax Receivable IncomeTaxReceivable	12750000	usd
CY2023Q4	us-gaap	Income Tax Receivable IncomeTaxReceivable	5284000	usd
CY2024Q2	us-gaap	Income Taxes Receivable Noncurrent IncomeTaxesReceivableNoncurrent	0	usd
CY2023Q4	us-gaap	Income Taxes Receivable Noncurrent IncomeTaxesReceivableNoncurrent	0	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	54643000	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	59632000	usd
	us-gaap	Net Income Loss NetIncomeLoss	96636000	usd
	us-gaap	Net Income Loss NetIncomeLoss	99453000	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	204919000	shares
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	210624000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	205145000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	211585000	shares
CY2024Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1266000	shares
CY2023Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	2304000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1433000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	2393000	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	206185000	shares
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	212928000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	206578000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	213978000	shares
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.27
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.28
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.47
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.47
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.27
CY2023Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.28
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.47
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.46
CY2024Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	7606000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	7197000	shares
CY2023Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	4420000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	4476000	shares
CY2023Q2	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.25
CY2024Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.25
CY2023Q3	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.25
CY2024Q2	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
CY2024Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-64972000	usd
CY2023Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-59069000	usd
CY2024Q2	us-gaap	Number Of Restaurants NumberOfRestaurants	7261	number_of_restaurants
CY2024Q2	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	4372000	usd
CY2023Q3	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	4058000	usd
	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	8669000	usd
	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	8121000	usd
CY2024Q2	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	10699000	usd
CY2023Q3	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	10743000	usd
	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	21357000	usd
	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	21493000	usd
CY2024Q2	wen	Total Finance Lease Cost TotalFinanceLeaseCost	15071000	usd
CY2023Q3	wen	Total Finance Lease Cost TotalFinanceLeaseCost	14801000	usd
	wen	Total Finance Lease Cost TotalFinanceLeaseCost	30026000	usd
	wen	Total Finance Lease Cost TotalFinanceLeaseCost	29614000	usd
CY2024Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	21524000	usd
CY2023Q3	us-gaap	Operating Lease Cost OperatingLeaseCost	21429000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	43225000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	42878000	usd
CY2024Q2	us-gaap	Variable Lease Cost VariableLeaseCost	17365000	usd
CY2023Q3	us-gaap	Variable Lease Cost VariableLeaseCost	17519000	usd
	us-gaap	Variable Lease Cost VariableLeaseCost	33853000	usd
	us-gaap	Variable Lease Cost VariableLeaseCost	33600000	usd
CY2024Q2	us-gaap	Short Term Lease Cost ShortTermLeaseCost	1226000	usd
CY2023Q3	us-gaap	Short Term Lease Cost ShortTermLeaseCost	1461000	usd
	us-gaap	Short Term Lease Cost ShortTermLeaseCost	2620000	usd
	us-gaap	Short Term Lease Cost ShortTermLeaseCost	2967000	usd
CY2024Q2	wen	Total Operating Lease Cost TotalOperatingLeaseCost	40115000	usd
CY2023Q3	wen	Total Operating Lease Cost TotalOperatingLeaseCost	40409000	usd
	wen	Total Operating Lease Cost TotalOperatingLeaseCost	79698000	usd
	wen	Total Operating Lease Cost TotalOperatingLeaseCost	79445000	usd
CY2024Q2	us-gaap	Lease Cost LeaseCost	55186000	usd
CY2023Q3	us-gaap	Lease Cost LeaseCost	55210000	usd
	us-gaap	Lease Cost LeaseCost	109724000	usd
	us-gaap	Lease Cost LeaseCost	109059000	usd
CY2024Q2	us-gaap	Sales Type And Direct Financing Leases Profit Loss SalesTypeAndDirectFinancingLeasesProfitLoss	88000	usd
CY2023Q3	us-gaap	Sales Type And Direct Financing Leases Profit Loss SalesTypeAndDirectFinancingLeasesProfitLoss	1072000	usd
	us-gaap	Sales Type And Direct Financing Leases Profit Loss SalesTypeAndDirectFinancingLeasesProfitLoss	72000	usd
	us-gaap	Sales Type And Direct Financing Leases Profit Loss SalesTypeAndDirectFinancingLeasesProfitLoss	1201000	usd
CY2024Q2	us-gaap	Sales Type And Direct Financing Leases Interest Income SalesTypeAndDirectFinancingLeasesInterestIncome	7178000	usd
CY2023Q3	us-gaap	Sales Type And Direct Financing Leases Interest Income SalesTypeAndDirectFinancingLeasesInterestIncome	7868000	usd
	us-gaap	Sales Type And Direct Financing Leases Interest Income SalesTypeAndDirectFinancingLeasesInterestIncome	14897000	usd
	us-gaap	Sales Type And Direct Financing Leases Interest Income SalesTypeAndDirectFinancingLeasesInterestIncome	15730000	usd
CY2024Q2	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	42950000	usd
CY2023Q3	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	40629000	usd
	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	84447000	usd
	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	82785000	usd
CY2024Q2	us-gaap	Variable Lease Income VariableLeaseIncome	17688000	usd
CY2023Q3	us-gaap	Variable Lease Income VariableLeaseIncome	17404000	usd
	us-gaap	Variable Lease Income VariableLeaseIncome	34177000	usd
	us-gaap	Variable Lease Income VariableLeaseIncome	33055000	usd
CY2024Q2	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	60638000	usd
CY2023Q3	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	58033000	usd
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	118624000	usd
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	115840000	usd
CY2024Q2	us-gaap	Sublease Income SubleaseIncome	45049000	usd
CY2023Q3	us-gaap	Sublease Income SubleaseIncome	42961000	usd
	us-gaap	Sublease Income SubleaseIncome	87832000	usd
	us-gaap	Sublease Income SubleaseIncome	85912000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	9968000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	11422000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	13085000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	8257000	usd
CY2024Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	465489000	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	516037000	usd
CY2024Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	35718000	usd
CY2023Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	35848000	usd
CY2024Q2	wen	Restricted Cash Advertising Funds Restricted Assets RestrictedCashAdvertisingFundsRestrictedAssets	23434000	usd
CY2023Q4	wen	Restricted Cash Advertising Funds Restricted Assets RestrictedCashAdvertisingFundsRestrictedAssets	36931000	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	524641000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	588816000	usd
CY2024Q2	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	28840000	usd
CY2024Q2	us-gaap	Revenues Revenues	570727000	usd
CY2023Q3	us-gaap	Revenues Revenues	561565000	usd
	us-gaap	Revenues Revenues	1105480000	usd
	us-gaap	Revenues Revenues	1090372000	usd
CY2024Q2	wen	Advertising Funds Surplus Deficit Net AdvertisingFundsSurplusDeficitNet	254000	usd
CY2023Q3	wen	Advertising Funds Surplus Deficit Net AdvertisingFundsSurplusDeficitNet	1315000	usd
	wen	Advertising Funds Surplus Deficit Net AdvertisingFundsSurplusDeficitNet	461000	usd
	wen	Advertising Funds Surplus Deficit Net AdvertisingFundsSurplusDeficitNet	2421000	usd
CY2024Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	37492000	usd
CY2023Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	33498000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	73010000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	66970000	usd
CY2024Q2	wen	Amortization Of Cloud Computing Arrangements AmortizationOfCloudComputingArrangements	3519000	usd
CY2023Q3	wen	Amortization Of Cloud Computing Arrangements AmortizationOfCloudComputingArrangements	2266000	usd
	wen	Amortization Of Cloud Computing Arrangements AmortizationOfCloudComputingArrangements	7061000	usd
	wen	Amortization Of Cloud Computing Arrangements AmortizationOfCloudComputingArrangements	3848000	usd
CY2024Q2	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	280000	usd
CY2023Q3	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-6000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	153000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-1000	usd
CY2024Q2	us-gaap	Restructuring Charges RestructuringCharges	2452000	usd
CY2023Q3	us-gaap	Restructuring Charges RestructuringCharges	681000	usd
	us-gaap	Restructuring Charges RestructuringCharges	8125000	usd
	us-gaap	Restructuring Charges RestructuringCharges	7489000	usd
CY2024Q2	us-gaap	Asset Impairment Charges AssetImpairmentCharges	689000	usd
CY2023Q3	us-gaap	Asset Impairment Charges AssetImpairmentCharges	78000	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2695000	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	454000	usd
CY2024Q2	us-gaap	Interest Expense InterestExpense	30995000	usd
CY2023Q3	us-gaap	Interest Expense InterestExpense	31136000	usd
	us-gaap	Interest Expense InterestExpense	61530000	usd
	us-gaap	Interest Expense InterestExpense	62841000	usd
CY2024Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2023Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-1266000	usd
CY2024Q2	us-gaap	Investment Income Net InvestmentIncomeNet	11000	usd
CY2023Q3	us-gaap	Investment Income Net InvestmentIncomeNet	-6827000	usd
	us-gaap	Investment Income Net InvestmentIncomeNet	11000	usd
	us-gaap	Investment Income Net InvestmentIncomeNet	-10389000	usd
CY2024Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	6300000	usd
CY2023Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	7573000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	13136000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	14909000	usd
CY2024Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	74823000	usd
CY2023Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	78884000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	132280000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	134165000	usd

Files In Submission

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$WEN
Wendy's Co Stock $wen

2024 Q3 Form 10-Q Financial Statement

#000003069724000012 Filed on August 01, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WEN Wendy's Co Stock $wen

2024 Q3 Form 10-Q Financial Statement

#000003069724000012 Filed on August 01, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WEN
Wendy's Co Stock $wen