$WEN

Wendy's Co

Wendy’s operates, develops and franchises quick-service restaurants serving hamburgers and other food. Its menu includes chicken sandwiches, tenders and nuggets, chili, fries, baked potatoes, salads, Frosty desserts and kids’ meals; restaurants in the U.S. and Canada also offer breakfast. Traditional locations provide dine-in, carryout, drive-thru and delivery, while non-traditional locations include food courts, fuel and transportation centers, delivery kitchens and military bases. As of December 28, 2025, Wendy’s had 7,397 restaurants in the U.S. and 38 foreign countries and U.S. territories. Wendy’s has three segments: Wendy’s U.S., Wendy’s International and Global Real Estate & Development. It earns money from sales at company-operated restaurants and from franchise royalties, fees, advertising fund collections and rents. Its real estate segment also earns fees for franchisee restaurant transfers and development services. Wendy’s principal executive offices are in Dublin, Ohio.

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Wendy’s breakfast could disappear at some restaurants

Wendy’s announced franchisees will no longer be required to serve breakfast, aiming to improve profitability. CEO Bob Wright cited losses during breakfast hours. The move follows Wendy’s rejection of a $1.4 billion buyout offer and adoption of a poison pill. The company began offering breakfast nationwide in 2020.

McDonald’s, Wendy’s, and Papa Johns

McDonald's is changing its U.S. marketing leadership. Wendy's rejected a $1.4B buyout, plans a turnaround, and may acquire 163 restaurants. Papa Johns reported -8.3% same-store sales, lowered guidance, and unveiled a new strategy, 'Unbox Better.'

Stephens raises Wendy’s stock price target on turnaround strategy

Stephens raised Wendy’s (WEN) price target to $8.00 from $7.00, citing better-than-expected Q3 2026 results and a new turnaround strategy called Dave’s Way. The company beat estimates on U.S. and international sales, adjusted EBITDA, and EPS, with revenue at $547 million. However, traffic remains negative, and analysts note execution risks. BMO Capital also raised its target to $9.00, maintaining a Market Perform rating.

WEN sentiment & insider activity

Over the past 7 days, AlphAI's AI scored 99 news stories mentioning WEN (Wendy's Co). Coverage has skewed bearish: 18 bullish, 16 neutral, and 65 bearish.

Recent WEN coverage spans mergers & acquisitions, earnings and financial news.

What's driving WEN

AlphAI scores every news story that mentions WEN with an AI model for sentiment and relevance, and aggregates insider trades from Wendy's Co's SEC EDGAR Form 4 filings. Figures refresh continuously.

News on $WEN

Score
$WENHighAI 8/10

Wendy’s breakfast could disappear at some restaurants

Wendy’s announced franchisees will no longer be required to serve breakfast, aiming to improve profitability. CEO Bob Wright cited losses during breakfast hours. The move follows Wendy’s rejection of a $1.4 billion buyout offer and adoption of a poison pill. The company began offering breakfast nationwide in 2020.

McDonald’s, Wendy’s, and Papa Johns

McDonald's is changing its U.S. marketing leadership. Wendy's rejected a $1.4B buyout, plans a turnaround, and may acquire 163 restaurants. Papa Johns reported -8.3% same-store sales, lowered guidance, and unveiled a new strategy, 'Unbox Better.'

Stephens raises Wendy’s stock price target on turnaround strategy

Stephens raised Wendy’s (WEN) price target to $8.00 from $7.00, citing better-than-expected Q3 2026 results and a new turnaround strategy called Dave’s Way. The company beat estimates on U.S. and international sales, adjusted EBITDA, and EPS, with revenue at $547 million. However, traffic remains negative, and analysts note execution risks. BMO Capital also raised its target to $9.00, maintaining a Market Perform rating.

BMO raises Wendy’s stock price target on turnaround plan

BMO Capital raised Wendy's (WEN) price target to $9, citing better-than-expected Q3 2026 earnings and a turnaround plan. The company beat EPS and revenue estimates, but faces challenges in traffic and same-store sales. WEN stock surged over 10% post-earnings, trading at $7.94. BMO noted the plan's credibility but cautioned on execution time. InvestingPro suggests the stock is slightly overvalued but maintains a 'GOOD' financial health score and a 3.5% dividend yield.

$WENHighAI 9/10

Wendy's Rejects $1.4 Billion Takeover Bid Led by Peltz's Trian, Adopts "Poison Pill" in Defense — BigGo Finance

Wendy's rejected a $1.4B takeover bid from Trian Fund Management, led by Nelson Peltz, at $7.35 per share, calling it undervalued. The board adopted a poison pill to prevent large shareholder takeovers. Q3 earnings beat estimates at $0.13 per share, but same-store sales fell 5.2% globally and 5.7% in the U.S. Wendy's aims to negotiate better terms for any future acquisition.

Wendy's (WEN) Q3 2026 Earnings Call Transcript

Wendy's (WEN) reported flat Q3 revenues with U.S. same-restaurant sales down 5.7%, but international sales up 3.5%. The company outlined its 'Dave's Way' strategy to improve menu, operations, and franchisee economics, citing early signs of progress. Wendy's aims to grow traffic and market share while strengthening profitability.

Midday Fly By: Qualcomm gives tepid Q1 view, Kimberly-Clark reports mixed Q3

Qualcomm (QCOM) reported Q4 earnings slightly above expectations but gave a lower-than-expected Q1 outlook. Kimberly-Clark (KMB) reported mixed Q3 results. Arm (ARM) beat Q2 estimates and provided an upbeat Q3 outlook. Microsoft (MSFT) will not expand its agreement with Nscale. Wendy's (WEN) rejected a takeover proposal. Apple (AAPL) plans a $7B bond offering. Palo Alto Networks (PANW) is in talks to acquire Clutch Security.

Wendy’s to acquire up to 163 Meritage Hospitality Group locations

Wendy's has signed a letter of intent to acquire up to 163 restaurants from Meritage Hospitality Group, which filed for Chapter 11 bankruptcy. The deal, subject to approval, aims to strengthen Wendy's U.S. portfolio. Meritage's other markets may be sold to other franchisees. Wendy's CEO Bob Wright highlighted the acquisition as part of a broader strategy to improve franchisee economics and restaurant performance.

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