Wendy's — Aug 8, 2025 release

Adjusted Earnings Per Share The increase in adjusted earnings per share was primarily driven by fewer shares outstanding as result of the Company’s share repurchase program and the increase in adjusted EBITDA, partially offset by a decrease in other income. Company Declares Quarterly Dividend The Company announced today the declaration of its regular quarterly cash dividend of $0.14 per share. The dividend is payable on September 16, 2025, to shareholders of record as of September 2, 2025. Share Repurchases The Company repurchased 4.8 million shares for $61.9 million in the second quarter of 2025. In the third quarter of 2025, the Company has repurchased 0.8 million shares for $8.8 million through August 1. As of August 1, approximately $40.2 million remained available under the Company’s existing share repurchase authorization that expires in February 2027. 2025 Outlook The Company Reaffirms: Global net unit growth: 2 to 3 percent Capital expenditures and franchise development fund investments: $165 to $175 million The Company Now Expects:        Current    Previous Global systemwide sales growth    (5.0) to (3.0) percent    (2.0) percent to flat Adjusted earnings per share    $0.82 to $0.89    $0.92 to $0.98 Adjusted EBITDA    $505 to $525 million    $530 to $545 million Free cash flow, excluding expenditures related to the franchise development fund    $225 to $240 million    $250 to $270 million Free cash flow    $160 to $175 million    $185 to $205 million As pre