Wendy's reported second-quarter 2026 global systemwide sales down 6.5% in constant currency, with U.S. same-restaurant sales falling 7% on a 12.5% traffic decline partly offset by a 5.6% rise in average check. Adjusted EBITDA fell $22.5 million year over year to $124.1 million, while adjusted revenues slipped 1.4% to $443.2 million and U.S. company-operated restaurant margin came in at 13.8%. The company expects traffic trends to stay challenging, with July traffic consistent with second-quarter levels, and does not expect a return to year-over-year systemwide sales growth in the third or fourth quarters; it also withdrew its 2026 financial outlook. Management cited 5%-6% full-year commodity inflation, sales deleverage and higher G&A tied to turnaround investments as continuing pressures on company-operated margins and adjusted EBITDA. The turnaround is focused on food quality and value, branding and marketing, operational execution, digital experience and restaurant-level economics, after management flagged quality degradation, value-offering challenges, inconsistent operations and ineffective marketing as key issues.
The Wendy’s CoWendy's Q2 adjusted EBITDA fell $22.5M to $124.1M, revenues slipped 1.4%, and it withdrew its 2026 financial outlook.
McDonald’s Corporation
Starbucks Corporation