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Wendy's WEN Franchise and property expenses

Franchise and property expenses at other companies

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Segments

By segment

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Corporate and Other$769K+16.9%

Other financials

Income statement

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Revenue$570.6M+1.7%
Gross profit$363.3M-0.3%
Operating income$79.3M-24.0%
Net income$32.6M-40.8%
EPS (diluted)$0.17-41.4%

Balance sheet

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Cash & equivalents$394.8M+19.6%
Total debt$4.1B-0.4%
Total equity$120.5M+6.7%
Total assets$4.9B-0.2%

Cash flow

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Operating cash flow$100.6M+66.0%
CapEx$19.6M-8.5%
Free cash flow$81.0M+107%

Valuation

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Market cap$1.46B-25.4%
Enterprise value$5.14B-10.1%
P/E11.6×+1.4×
P/S0.7×-0.2×

Profitability

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Gross margin63%-2.1pp
Operating margin13.6%-3.4pp
Net margin5.7%-2.9pp
FCF margin12%+0.4pp

Returns & leverage

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Return on equity108%+8.7pp
Debt / equity33.8×-2.4×
Current ratio1.9×+0.5×

Where this comes from

Reported directly by Wendy's in its filing.

Tagged under the XBRL concept us-gaap:FranchisorCosts.

The source filing: Wendy's’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q3 2026
Accession
0000030697-26-000116
Line itemThree Months Ended / June 28,2026Three Months Ended / June 29,2025Six Months Ended / June 28,2026Six Months Ended / June 29,2025
570,571560,9291,111,2081,084,401
Costs and expenses:
Cost of sales207,275196,521408,324384,690
Franchise support and other costs22,56617,06944,55733,665
Franchise rental expense28,03932,63058,21563,331
Advertising funds expense127,879111,374236,494212,902
General and administrative66,16159,485139,004127,689
Depreciation and amortization (exclusive of amortization of cloud computing arrangements shown separately below)38,06136,99078,63673,539

Item 1. Financial Statements.

FAQ

What is Wendy's's franchise and property expenses?
Wendy's (WEN) reported franchise and property expenses of $22.57M in Q2 2026.
How has Wendy's's franchise and property expenses changed year-over-year?
Wendy's's franchise and property expenses increased by 32.2% year-over-year, from $17.07M to $22.57M.
What is the long-term trend for Wendy's's franchise and property expenses?
Over 4 years (2021 to 2025), Wendy's's franchise and property expenses has grown at a 17.2% compound annual growth rate (CAGR), from $42.9M to $80.98M.
What does franchise and property expenses mean?
This metric represents the aggregate costs incurred by a franchisor to support, manage, and maintain the franchise network. It includes operational expenses related to field support, training, and administrative oversight provided to franchisees. Monitoring this helps investors assess the efficiency of the franchisor's business model and the scalability of its support infrastructure.

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