Wendy's (WEN) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - Wendy's reported revenue of $549.52 million for the quarter ended September 2025, reflecting a year-over-year decline of 3% and an EPS of $0.24 compared to $0.25 a year ago, with a revenue surprise of +2.37% and an EPS surprise of +20% [1] Financial Performance - Total number of restaurants: 7,363, slightly below the seven-analyst average estimate of 7,368 [4] - Same-Restaurant sales in the U.S. decreased by 4.7%, better than the estimated decline of 5.3% [4] - Company-operated restaurants totaled 435, exceeding the six-analyst average estimate of 403 [4] - International Same-Restaurant sales increased by 3%, surpassing the estimated 2.4% [4] Revenue Breakdown - Sales at Company-operated restaurants: $233.15 million, above the estimated $219.83 million, representing a +1.2% change year-over-year [4] - Advertising funds revenue: $107.01 million, below the estimated $110.73 million, showing a year-over-year decline of -13.1% [4] - Franchise rental income: $57.34 million, slightly below the estimated $58.24 million, with a year-over-year change of -3.3% [4] - Franchise royalty revenue and fees: $152.01 million, above the estimated $148.43 million, reflecting a -1.2% change year-over-year [4] - Franchise fees: $24.2 million, exceeding the estimated $21.57 million, with a +13.8% change year-over-year [4] - Franchise royalty: $127.81 million, slightly above the estimated $127.05 million, showing a year-over-year decline of -3.6% [4] Systemwide Sales - Total systemwide sales reached $3.54 billion, exceeding the estimated $3.49 billion, but representing a -2.7% change year-over-year [4] - International systemwide sales: $534 million, slightly below the estimated $540.33 million, with a year-over-year increase of +7.8% [4]