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Wendy's WEN Global Real Estate & Development — Franchise rental expense

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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 global real estate & development — franchise rental expense?
Wendy's (WEN) reported global real estate & development — franchise rental expense of $30.18M in Q1 2026.
How has Wendy's's global real estate & development — franchise rental expense changed year-over-year?
Wendy's's global real estate & development — 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 global real estate & development — franchise rental expense?
Over 3 years (2022 to 2025), Wendy's's global real estate & development — franchise rental expense has grown at a 0.5% compound annual growth rate (CAGR), from $124.08M to $125.77M.
What does global real estate & development — franchise rental expense mean?
Captures the costs incurred by the company related to leasing or maintaining properties that are subsequently subleased or rented to franchisees. Monitoring this expense is essential for understanding the net profitability of the company's real estate leasing model.