Wendy's — May 2, 2025 release

These were partially offset by an increase in other operating income and a decrease in the Company’s investment in advertising spend.   2 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 June 16, 2025, to shareholders of record as of June 2, 2025. Share Repurchases The Company repurchased 8.2 million shares for $124.1 million in the first quarter of 2025. Year to date through April 25, the Company repurchased 12.0 million shares for $175.0 million. As of April 25, approximately $60.0 million remains 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: $100 to $110 million The Company Now Expects:     •   Global systemwide sales growth: (2.0) percent to flat     •   Adjusted earnings per share: $0.92 to $0.98     •   Adjusted EBITDA: $530 to $545 million     •   Free cash flow: $250 to $270 million (excluding expenditures related to the Company’s franchise development fund) The Company is modifying its definition of free cash flow to reflect expenditures related to its franchise development fund beginning with its first quarter 2025 results. Additional details will be provided during the confe