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Wendy's WEN Franchise rental expense

Franchise rental expense at other companies

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$9.6M-3.4%
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Segments

By segment

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Global Real Estate & Development$30.18M-1.7%

Other financials

Income statement

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Revenue$540.6M+3.3%
Gross profit$339.6M+1.3%
Operating income$64.9M-21.9%
Net income$22.7M-42.1%
EPS (diluted)$0.12-36.8%

Balance sheet

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Cash & equivalents$362.0M-6.9%
Total debt$4.1B+1.0%
Total equity$115.6M-11.3%
Total assets$4.9B+0.1%

Cash flow

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Operating cash flow$59.4M-30.5%
CapEx$11.9M-32.8%
Free cash flow$47.5M-29.9%

Valuation

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Market cap$1.5B-39.5%
Enterprise value$5.25B-14.1%
P/E10.1×-2.8×
P/S0.7×-0.4×

Profitability

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Gross margin63.3%-1.8pp
Operating margin14.8%-1.9pp
Net margin6.8%-1.8pp
FCF margin10.1%-0.9pp

Returns & leverage

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Return on equity120.9%+30.5pp
Debt / equity35.6×+4.3×
Current ratio1.8×+0.3×

Where this comes from

Reported directly by Wendy's in its filing.

Tagged under the XBRL concept wen:FranchiseRentalExpense.

The official record: Wendy's’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Wendy's's franchise rental expense?
Wendy's (WEN) reported franchise rental expense of $30.18M in Q1 2026.
How has Wendy's's franchise rental expense changed year-over-year?
Wendy's's franchise rental expense decreased by 1.7% year-over-year, from $30.7M to $30.18M.
What is the long-term trend for Wendy's's franchise rental expense?
Over 4 years (2021 to 2025), Wendy's's franchise rental expense has grown at a -1.3% compound annual growth rate (CAGR), from $132.41M to $125.77M.
What does franchise rental expense mean?
This represents the costs associated with leasing properties that are subsequently subleased or operated by franchisees. It reflects the company's role as a master lessor within its real estate strategy. Investors track this to evaluate the company's real estate leverage and the profitability of its property-based franchise model.