Wendy's drops after dividend cut and withdrawn 2026 outlook
+4.06% to $7.69 from $7.39
What moved WEN
- U.S. comparable restaurant sales fell 7% in the quarter, more than the 4.7% decline analysts had projected, with traffic down 12.5%.
- Revenue rose 1.7% year-over-year to $570.6 million, above estimates, and adjusted EPS of $0.18 topped the $0.17 estimate but fell from $0.29 a year earlier.
- Net income fell 40.8% and adjusted EBITDA dropped 15.4% from a year earlier.
- Management withdrew its 2026 guidance, outlined a five-point turnaround plan, and cut the quarterly dividend to $0.07 per share from $0.14.
Sources: ts2.tech · StockStory · StockTitan · Benzinga