Wendy's — Feb 13, 2025 release

Adjusted earnings per share for the full year was $1.00, an increase of 3.1%.*     •   For the full year 2024, the Company achieved its 14 th consecutive year of same-restaurant sales growth.     •   The Company updated its capital allocation policy and announced a new target dividend payout ratio of 50% to 60% of adjusted earnings and plans to repurchase up to $200 million of its shares in 2025. Dublin, Ohio (February 13, 2025) - The Wendy’s Company (Nasdaq: WEN) today reported unaudited results for the fourth quarter and full year ended December 29, 2024. “I am proud of our fourth quarter performance, delivering a strong quarter while outpacing the category. This resulted in our 14th consecutive year of global same-restaurant sales growth,” said Kirk Tanner, President and Chief Executive Officer. “We are well positioned to accelerate growth, and we have a clear roadmap for Wendy’s future. I am excited about the opportunities ahead of us as we strengthen our system across the globe. Our new capital allocation policy will enable us to pursue these opportunities and maximize long-term shareholder value.” *See “Disclosure Regarding Non-GAAP Financial Measures” and the reconciliation tables that accompany this release for a discussion and reconciliation of certain non-GAAP financial measures included in this release.   1 Fourth Quarter and Full Year 2024 Summary See “Disclosure Regarding Non-GAAP Financial Measures” and the reconciliation tables that accompany this release for a discussion