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Segment Information (Tables)
12 Months Ended
Dec. 28, 2025
Segment Reporting Information [Line Items]  
Reconciliation of Profit from Segments to Consolidated
The following table reconciles profit by segment to the Company’s consolidated income before income taxes:
Year Ended
202520242023
Wendy’s U.S.$489,096 $525,954 $528,352 
Wendy’s International43,134 43,268 35,704 
Global Real Estate & Development110,350 108,587 103,484 
Total segment adjusted EBITDA642,580 677,809 667,540 
Unallocated franchise support and other costs(2,239)(1,316)(831)
Advertising funds surplus2,816 2,702 4,344 
Unallocated general and administrative (a)(122,354)(134,195)(132,344)
Depreciation and amortization (exclusive of amortization of cloud computing arrangements shown separately below)(152,222)(143,234)(135,789)
Amortization of cloud computing arrangements(18,647)(14,701)(12,778)
System optimization gains, net1,030 1,219 880 
Reorganization and realignment costs125 (8,528)(9,200)
Impairment of long-lived assets(12,095)(9,713)(1,401)
Unallocated other operating income, net4,458 1,316 1,563 
Interest expense, net(126,467)(123,881)(124,061)
(Loss) gain on early extinguishment of debt(642)— 2,283 
Investment (loss) income, net(1,718)11 (10,358)
Other income, net12,621 24,924 29,570 
Income before income taxes$227,246 $272,413 $279,418 
_______________

(a)Includes corporate overhead costs, such as employee compensation and related benefits.
Wendy's U.S.  
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information, by Segment
Wendy’s U.S. revenue, significant segment expenses and segment adjusted EBITDA are as follows:
Year Ended
202520242023
Wendy’s U.S. revenue$1,785,124 $1,859,745 $1,815,845 
Wendy’s U.S. expense
Cost of sales761,417 755,265 767,150 
Franchise support and other costs65,524 54,047 47,554 
Advertising fund expense (a)384,472 441,508 396,743 
General and administrative84,464 79,664 75,734 
Other segment items (b)151 3,307 312 
Wendy’s U.S. adjusted EBITDA$489,096 $525,954 $528,352 
_______________

(a)Includes advertising fund expense of $20,000 for 2024 related to the Company’s funding of incremental advertising. There was no funding of incremental advertising during 2025 and 2023.

(b)Other segment items for 2025 primarily include professional fees. Other segment items for 2024 and 2023 primarily include lease buyout activity.
Wendy's International  
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information, by Segment
Wendy’s International revenue, significant segment expenses and segment adjusted EBITDA are as follows:
Year Ended
202520242023
Wendy’s International revenue$152,961 $144,690 $130,548 
Wendy’s International expense
Cost of sales30,307 27,946 27,343 
Advertising funds expense (a)40,896 39,330 35,604 
General and administrative29,680 26,048 26,226 
Other segment items (b)8,944 8,098 5,671 
Wendy’s International adjusted EBITDA $43,134 $43,268 $35,704 
_______________

(a)Includes advertising fund expense of $713, $1,919 and $2,401 for 2025, 2024 and 2023, respectively, related to the Company’s funding of incremental advertising. In addition, includes other international-related advertising deficit of $2,570, $827 and $950 for 2025, 2024 and 2023, respectively.

(b)Other segment items primarily include franchise support and other costs.
Global Real Estate & Development  
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information, by Segment
Global Real Estate & Development revenue, significant segment expenses and segment adjusted EBITDA are as follows:
Year Ended
202520242023
Global Real Estate & Development revenue$238,806 $242,057 $235,185 
Global Real Estate & Development expense
Franchise rental expense125,773 127,446 125,371 
General and administrative16,181 15,301 15,660 
Other segment items (a)(13,498)(9,277)(9,330)
Global Real Estate & Development adjusted EBITDA$110,350 $108,587 $103,484 
_______________
(a)Other segment items primarily include equity in earnings from our TimWen joint venture, franchise support and other costs and gains on sales-type leases for 2025, 2024 and 2023. Other segment items for 2025 also include lease buyout activity. Equity in earnings from our TimWen joint venture was $11,215, $11,607 and $10,819 for 2025, 2024 and 2023, respectively.