The Wendy's (WEN) is trading down at $6.10 (-0.41%), as of the latest quote. It is a Russell 2000 constituent in the Consumer Discretionary sector.
One firm's current price target on The Wendy's: $7.25 — 19% above the current $6.1. Each is tracked to its date and scored the same way a member's call is.
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
| FY2016Jan 2017 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Jan 2021 | FY2021Jan 2022 | FY2022Jan 2023 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.44B | $1.22B | $1.59B | $1.71B | $1.73B | $1.90B | $2.10B | $2.18B | $2.25B | $2.18B |
| Growth (year over year) | −23.3% | −14.8% | +30.0% | +7.5% | +1.5% | +9.4% | +10.5% | +4.1% | +3.0% | −3.1% |
| Gross profit | $683.3M | $705.5M | $1.04B | $1.11B | $1.12B | $1.29B | $1.32B | $1.39B | $1.46B | $1.39B |
| Gross margin | 47.6% | 57.7% | 65.5% | 65.0% | 64.5% | 67.8% | 63.1% | 63.6% | 65.1% | 63.6% |
| Operating income | $314.8M | $214.8M | $249.9M | $262.6M | $269.3M | $367.0M | $353.3M | $382.0M | $371.4M | $343.5M |
| Operating margin | 21.9% | 17.6% | 15.7% | 15.4% | 15.5% | 19.3% | 16.9% | 17.5% | 16.5% | 15.8% |
| Net income | $129.6M | $194.0M | $460.1M | $136.9M | $117.8M | $200.4M | $177.4M | $204.4M | $194.4M | $165.1M |
| Net margin | 9.0% | 15.9% | 28.9% | 8.0% | 6.8% | 10.6% | 8.5% | 9.4% | 8.7% | 7.6% |
| EPS (diluted) | $0.49 | $0.77 | $1.88 | $0.58 | $0.52 | $0.89 | $0.82 | $0.97 | $0.95 | $0.85 |
| Balance sheet | ||||||||||
| Cash and equivalents | $198.2M | $171.4M | $431.4M | $300.2M | $307.0M | $249.4M | $745.9M | $516.0M | $450.5M | $300.8M |
| Total assets | $3.94B | $4.10B | $4.29B | $4.99B | $5.04B | $5.10B | $5.50B | $5.18B | $5.03B | $4.96B |
| Total liabilities | $3.41B | $3.52B | $3.64B | $4.48B | $4.49B | $4.66B | $5.03B | $4.87B | $4.78B | $4.84B |
| Long-term debt | $2.49B | $2.72B | $2.31B | $2.26B | $2.22B | $2.36B | $2.82B | $2.73B | $2.66B | $2.73B |
| Shareholders' equity | $527.7M | $573.2M | $648.4M | $516.4M | $549.6M | $436.4M | $465.7M | $309.8M | $259.4M | $117.4M |
| Cash flow | ||||||||||
| Operating cash flow | $193.8M | $238.8M | $224.2M | $288.9M | $284.4M | $345.8M | $259.9M | $345.4M | $355.3M | $344.5M |
| Capital expenditure | $150.0M | $81.7M | $69.9M | $74.5M | $69.0M | $78.0M | $85.5M | $85.0M | $94.4M | $101.9M |
| Free cash flow | $43.8M | $157.1M | $154.4M | $214.5M | $215.4M | $267.8M | $174.4M | $260.4M | $260.9M | $242.6M |
| Dividends paid | $63.8M | $68.3M | $80.5M | $96.4M | $64.9M | $94.8M | $106.8M | $209.3M | $204.4M | $129.6M |
| Share buybacks | $337.0M | $126.2M | $269.8M | $217.8M | $62.2M | $268.5M | $52.0M | $189.6M | $77.4M | $200.8M |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $566.7M | $574.3M | $523.5M | $560.9M | $549.5M | $543.0M | $540.6M | $570.6M |
| Growth (year over year) | +2.9% | +6.2% | −2.1% | −1.7% | −3.0% | −5.5% | +3.3% | +1.7% |
| Gross profit | $371.1M | $378.7M | $335.3M | $364.4M | $345.3M | $340.2M | $339.6M | $363.3M |
| Gross margin | 65.5% | 65.9% | 64.1% | 65.0% | 62.8% | 62.7% | 62.8% | 63.7% |
| Operating income | $94.7M | $96.0M | $83.1M | $104.3M | $92.0M | $64.0M | $64.9M | $79.3M |
| Operating margin | 16.7% | 16.7% | 15.9% | 18.6% | 16.8% | 11.8% | 12.0% | 13.9% |
| Net income | $50.2M | $47.5M | $39.2M | $55.1M | $44.3M | $26.5M | $22.7M | $32.6M |
| Net margin | 8.9% | 8.3% | 7.5% | 9.8% | 8.1% | 4.9% | 4.2% | 5.7% |
| EPS (diluted) | $0.25 | $0.23 | $0.19 | $0.29 | $0.23 | $0.14 | $0.12 | $0.17 |
| Balance sheet | ||||||||
| Cash and equivalents | $482.2M | $450.5M | $335.3M | $281.2M | $291.4M | $300.8M | $298.7M | $341.2M |
| Total assets | $5.07B | $5.03B | $4.92B | $4.89B | $4.98B | $4.96B | $4.92B | $4.88B |
| Total liabilities | $4.81B | $4.78B | $4.79B | $4.78B | $4.87B | $4.84B | $4.81B | $4.76B |
| Long-term debt | $2.72B | $2.66B | $2.66B | $2.65B | $2.30B | $2.73B | $2.72B | $2.72B |
| Shareholders' equity | $259.9M | $259.4M | $130.2M | $112.9M | $109.2M | $117.4M | $115.6M | $120.5M |
| Cash flow | ||||||||
| Operating cash flow | $141.2M | $68.6M | $85.4M | $60.6M | $129.3M | $69.3M | $59.4M | $100.6M |
| Capital expenditure | $17.9M | $42.0M | $17.7M | $21.4M | $25.0M | $37.9M | $11.9M | $19.6M |
| Free cash flow | $123.3M | $26.6M | $67.7M | $39.2M | $104.3M | $31.4M | $47.5M | $81.0M |
| Dividends paid | $50.8M | $51.0M | $49.4M | $26.8M | $26.7M | $26.6M | $26.6M | $26.7M |
| Share buybacks | $25.8M | $17.3M | $122.8M | $63.7M | $14.3M | $0 | $0 | $1.92M |
From The Wendy's's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
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