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Wendy's WEN Q3 2025 earnings

Reported November 7, 2025 · Before market open

Revenue$549.5MBeat by $12.4M
EPS$0.24Beat by $0.04
Revenue estimate$537.1M
EPS estimate$0.20

Next report

Nov 6, 2026 (in 2 months)
Revenue estimate$533.9M
EPS estimate$0.10

Financials

Q3 2025

Income statement

See full
Revenue$549.5M-3.0%
Gross profit$345.3M-7.0%
Operating income$92.0M-2.8%
Net income$44.3M-11.9%
EPS (diluted)$0.23-8.0%

Balance sheet

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Cash & equivalents$352.0M-36.5%
Total debt$4.1B+0.5%
Total equity$109.2M-58.0%
Total assets$5.0B-1.9%

Cash flow

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Operating cash flow$129.3M-8.5%
CapEx$25.0M+39.7%
Free cash flow$104.3M-15.5%

Valuation & ratios

Valuation

as of 09/28/25
See full
Market cap$1.63B-58.4%
Enterprise value$5.39B-27.7%
P/E8.7×-11.5×
P/S0.7×-1.0×

Profitability

See full
Gross margin64.5%-0.1pp
Operating margin17%+0.6pp
Net margin8.4%-0.3pp
FCF margin10.8%-1.9pp

Returns & leverage

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Return on equity100.8%+36.5pp
Debt / equity37.7×+21.9×
Current ratio0.8×-1.3×

Segments

By product

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Franchise royalty revenue$127.8M-3.6%
Advertising funds revenue$107.0M-13.1%
Franchise rental income$57.3M-3.3%
Franchise fees$24.2M+13.8%

By segment

See full
Global Real Estate & Development$58.2M-3.7%
Wendy's International$39.9M+6.2%

By geography

See full
International$49.8M+4.7%

FAQ

When did Wendy's report Q3 2025 earnings?
Wendy's (WEN) reported Q3 2025 earnings on November 7, 2025 before market open.
What were Wendy's's Q3 2025 revenue and EPS?
Wendy's reported revenue of $549.5M and eps of $0.24 for Q3 2025.
Did Wendy's beat estimates in Q3 2025?
Revenue beat the consensus estimate of $537.1M by $12.4M. EPS beat the consensus estimate of $0.20 by $0.04.
How did Wendy's's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 3.0% from $566.7M a year earlier and eps declined 4.0% from $0.25.
Where can I find Wendy's's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001193125-25-271014) and the 10-Q periodic report (0000030697-25-000039) directly on SEC EDGAR. The filing index links above go to sec.gov.