Wendy's — May 2, 2025 release

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 conference call. Conference Call and Webcast Scheduled for 8:30 a.m. Today, May 2 The Company will host a conference call on Friday, May 2 at 8:30 a.m. ET, with a simultaneous webcast from the Company’s Investor Relations website at www.irwendys.com . The related presentation materials will also be available on the Company’s Investor Relations website. The live conference call will be available by telephone at (844) 200-6205 for domestic callers and (929) 526-1599 for international callers, both using event ID 683875. A replay of the webcast will be available on the Company’s Investor Relations website. About W