Wendy's Company (NASDAQ:WEN) on Friday reported first-quarter results that topped Wall Street expectations and reaffirmed its full-year outlook.

The company reported first-quarter adjusted earnings per share of 12 cents, beating the analyst consensus estimate of 10 cents. Quarterly sales of $540.637 million (+3.3% year over year) outpaced the Street view of $517.965 million. Adjusted revenues gained 2.2% to $432.3 million.

Wendy's affirmed fiscal 2026 adjusted EPS guidance of 56 cents to 60 cents, versus the 57-cent analyst estimate. The company continues to expect approximately flat global systemwide sales growth during 2026. It reaffirmed adjusted EBITDA guidance of $460 million to $480 million for the year.

“We are taking decisive action to strengthen the Wendy’s system and improve performance,” said Ken Cook, Interim CEO. “During the first quarter, we introduced a new Biggie platform, upgraded our premium hamburgers, and launched new chicken sandwiches. Additionally, our focus on operational excellence is driving improvement in order accuracy and key customer satisfaction metrics. While our first quarter results reflect a business in the early stages of a turnaround, we are making progress to improve our U.S. business and are confident in the direction we are heading.”

Wendy's shares fell 6.2% to trade at $6.84 on Monday.

These analysts made changes to their price targets on Wendy's following earnings announcement.

  • Citigroup analyst Jon Tower maintained Wendy’s with a Neutral and raised the price target from $7.25 to $7.75.
  • BMO Capital analyst Andrew Strelzik maintained the stock with a Market Perform and lowered the price target from $9 to $8.

Considering buying WEN stock? Here’s what analysts think:

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