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Operating Expense Breakdown
Details core costs like food, labor, and overhead, providing insight into how efficiently Wendy's manages its operations and where it focuses its spending to drive growth.Wendy’s expense base is shifting from one‑off volatility to a higher, stickier cost structure: depreciation, franchise rental, advertising and cloud amortization have trended up and now anchor margins, while intermittent impairment/reorg hits add volatility. Management’s guidance for a higher G&A baseline and planned store optimization (Project Fresh) confirms near‑term EBITDA drag, meaning margins won’t rebound solely from cost cuts—recovery depends on traffic restoration and advertising/operational improvements offsetting persistent rent/D&A pressure and one‑time optimization costs.
Date | General and Administrative | Depreciation and Amortization | Other | Impairment | Reorganization | Cost of Sales | Franchise Supporet | Franchise Rental | Advertising Funds | Cloud Computing Amortization | System Optimization |
|---|---|---|---|---|---|---|---|---|---|---|---|
Jun 30, 2026 | $66.16M | $38.06M | -$5.73M | $3.12M | $10.00K | $207.28M | $22.57M | $28.04M | $127.88M | $4.58M | -$667.00K |
Mar 31, 2026 | $72.84M | $40.58M | -$5.08M | $2.57M | -$162.00K | $201.05M | $21.99M | $30.18M | $108.61M | $4.76M | -$1.63M |
Dec 31, 2025 | $67.08M | $40.29M | -$5.75M | $6.73M | $77.00K | $202.78M | $29.79M | $31.50M | $101.97M | $5.20M | -$704.00K |
Sep 30, 2025 | $57.91M | $38.39M | -$7.00M | $2.26M | $316.00K | $204.26M | $17.52M | $30.94M | $107.68M | $5.23M | -$29.00K |
Jun 30, 2025 | $59.48M | $36.99M | -$2.93M | $1.69M | $174.00K | $196.52M | $17.07M | $32.63M | $111.37M | $4.06M | -$387.00K |
Mar 31, 2025 | $68.20M | $36.55M | -$6.39M | $1.42M | -$692.00K | $188.17M | $16.60M | $30.70M | $101.53M | $4.17M | $90.00K |
Dec 31, 2024 | $67.16M | $33.23M | $51.00K | $6.84M | $49.00K | $195.57M | $20.68M | $31.04M | $120.21M | $4.06M | -$646.00K |
Sep 30, 2024 | $62.79M | $37.00M | -$5.07M | $178.00K | $354.00K | $195.64M | $16.05M | $32.24M | $129.73M | $3.58M | -$420.00K |
Jun 30, 2024 | $61.50M | $37.49M | -$3.46M | $689.00K | $2.45M | $199.89M | $16.22M | $32.39M | $120.82M | $3.52M | -$280.00K |
Mar 31, 2024 | $63.76M | $35.52M | -$3.03M | $2.01M | $5.67M | $192.11M | $14.74M | $31.78M | $107.37M | $3.54M | $127.00K |