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Wendy's WEN Wendy's International — Advertising funds (deficit) surplus

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WInternational — Advertising
$35M-7.9%
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SIMAWorking Capital Surplus Deficit
-$153.81K
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RGSAdvertising fund expense
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DRVNAdvertising fund liabilities
$23.26M-17.4%
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DRVNAdvertising fund liabilities
$23.26M-17.4%

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 wen:AdvertisingFundsSurplusDeficitNet.

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
Global Real Estate & Development27,46327,28455,51551,960
Total segment adjusted EBITDA159,860177,669$308,354$332,766
Unallocated franchise support and other costs(769)(658)(1,079)(1,245)
Advertising funds surplus29514024284
Unallocated general and administrative (a)(35,149)(30,516)(72,012)(64,639)
Depreciation and amortization (exclusive of amortization of cloud computing arrangements shown separately below)(38,061)(36,990)(78,636)(73,539)
Amortization of cloud computing arrangements(4,577)(4,056)(9,339)(8,223)
System optimization gains, net6673872,292297

Item 1. Financial Statements.

FAQ

What is Wendy's's wendy's international — advertising funds (deficit) surplus?
Wendy's (WEN) reported wendy's international — advertising funds (deficit) surplus of -$753K in Q2 2026.
How has Wendy's's wendy's international — advertising funds (deficit) surplus changed year-over-year?
Wendy's's wendy's international — advertising funds (deficit) surplus decreased by 2314.7% year-over-year, from $34K to -$753K.
What is the long-term trend for Wendy's's wendy's international — advertising funds (deficit) surplus?
Over 2 years (2022 to 2025), Wendy's's wendy's international — advertising funds (deficit) surplus has grown at a -21.0% compound annual growth rate (CAGR), from $4.12M to -$2.57M.
What does wendy's international — advertising funds (deficit) surplus mean?
Indicates the net balance of advertising funds collected from franchisees versus the actual marketing expenditures incurred by the international segment. A surplus or deficit highlights the timing differences and management of dedicated marketing capital for the brand.

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