Wendy's — Nov 5, 2025 release

2025 Outlook The Company Reaffirms:   Global systemwide sales growth      (5.0) to (3.0) percent   Adjusted EBITDA      $505 to $525 million   Adjusted earnings per share      $0.82 to $0.89   Global net new unit growth      2 to 3 percent   The Company Now Expects:        Current    Previous Capital expenditures and franchise development fund investments    $135 to $145 million    $165 to $175 million Free cash flow    $195 to $210 million    $160 to $175 million As previously disclosed, the Company modified its definition of free cash flow to reflect expenditures related to its franchise development fund beginning with its first quarter 2025 results. Conference Call and Webcast Scheduled for 8:30 a.m. Today, November 7 The Company will host a conference call on Friday, November 7 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 182945. A replay of the webcast will be available on the Company’s Investor Relations website.   3 About Wendy’s The Wendy’s Company (Nasdaq: WEN) and Wendy’s ® franchisees employ hundred