Wendy's Co. WEN

What this company does

Wendy's is engaged in the business of operating, developing and franchising a system of quick-service restaurants serving food. As of December 28, 2025, it had 7,397 restaurants in the U.S. and 38 foreign countries and U.S. territories. As of December 28, 2025, the Company was comprised of approximately 14,900 employees, of which approximately one-third were full-time and two-thirds were part-time. The Company is comprised of three segments: Wendy's U.S., Wendy's International and Global Real Estate & Development. Wendy's U.S. includes the operation and franchising of Wendy's restaurants in the U.S. and derives its revenues from sales at Company-operated restaurants and royalties, franchise fees and national advertising fund collections from franchised restaurants. Wendy's International includes the operation and franchising of Wendy's restaurants in countries and territories other than the U.S. and derives its revenues from sales at Company-operated restaurants and royalties, fees and advertising fund collections from franchised restaurants. Global Real Estate & Development includes real estate activity for owned sites and sites leased from third parties, which are leased and/or subleased to franchisees, and includes the Company's share of the income of its Canadian restaurant real estate joint venture, TimWen. The Wendy's Company's corporate predecessor was incorporated in Ohio in 1929 and was reincorporated in Delaware in June 1994.

Written from the business description in The Wendy's Company's annual report to the U.S. Securities and Exchange Commission, filed 23 February 2026. Every sentence was checked against that document before publication.