Wendy's Q3 Net Income Falls 65.9% as Dave's Way Turnaround Begins
Image
Dublin, Ohio – November 05, 2026 -- The Wendy's Company reported third-quarter net income of $15.1 million, down 65.9% year over year, as global systemwide sales fell 5.9% and the chain launched a multi-year turnaround called Dave's Way.
Revenues came in at $547.0 million, a decline of $2.5 million, or 0.5%. Systemwide sales reached roughly $3.3 billion. Adjusted EBITDA was $113.4 million, down $24.6 million, or 17.8%. Diluted earnings per share were $0.08, and adjusted earnings per share were $0.13, down $0.11, or 45.8%.
U.S. traffic losses drive the sales decline
U.S. systemwide sales dropped 7.6%, while international sales grew 3.5%. U.S. same-restaurant sales fell 5.7%, and international same-restaurant sales fell 2.2%. Fewer U.S. restaurants also weighed on the global total.