Wendy's new President and CEO Robert Wright pulled the company's full-year outlook entirely as global systemwide sales fell 6.5% in the second quarter. US same-restaurant sales dropped 7.0%, driven by a 12.5% decline in traffic that a 5.6% jump in average check could not offset. Adjusted EBITDA fell to $124.1 million, down $22.5 million from a year earlier, and adjusted EPS came in at just $0.18. The company cut its quarterly dividend to $0.07 per share and paused share buybacks for 2026 to preserve cash. Wright laid out five strategic priorities including rebuilding the menu around quality and value, and promised a full strategic plan by the next quarterly update.
The Wendy’s CoPulled full-year outlook, cut dividend, paused buybacks, and reported lower EBITDA/EPS.
