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Wendys Co

For the period ended Sep 29, 2024. Filed Oct 31, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 29, 2024 · Filed Oct 31, 2024

WEN$8.15+2.6%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 29, 2024

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______________ to _______________

Commission file number:1-2207

THE WENDY’S COMPANY

(Exact name of registrant as specified in its charter)

Delaware38-0471180
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
One Dave Thomas Blvd.
Dublin,Ohio43017
(Address of principal executive offices)(Zip Code)

(614)764-3100

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $.10 par valueWENThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes☐ No☒

There were 203,845,085 shares of The Wendy’s Company common stock outstanding as of October 24, 2024.

INDEX TO FORM 10-Q

Page
PART I: FINANCIAL INFORMATION
Item 1. Financial Statements4
Unaudited Condensed Consolidated Balance Sheets as of September 29, 2024 and December 31, 20234
Unaudited Condensed Consolidated Statements of Operations for the three and nine months ended September 29, 2024 and October 1, 20235
Unaudited Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended September 29, 2024 and October 1, 20236
Unaudited Condensed Consolidated Statements of Stockholders’ Equity for the three and nine months ended September 29, 2024 and October 1, 20237
Unaudited Condensed Consolidated Statements of Cash Flows for the nine months ended September 29, 2024 and October 1, 20239
Notes to Condensed Consolidated Financial Statements10
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations25
Item 3. Quantitative and Qualitative Disclosures about Market Risk40
Item 4. Controls and Procedures40
PART II: OTHER INFORMATION41
Item 1. Legal Proceedings42
Item 1A. Risk Factors43
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds43
Item 6. Exhibits44
Signatures45
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.