Wendy's — May 8, 2026 release

Free Cash Flow The decrease in free cash flow was driven by a decrease in net cash provided by operating activities, partially offset by a decrease in capital expenditures and investments associated with the Company’s franchise development fund. 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 15, 2026, to shareholders of record as of June 1, 2026. Share Repurchases The Company did not repurchase any shares in the first quarter of 2026 and has not repurchased any shares in the second quarter of 2026 as of the date of this release. As of May 1, approximately $35.0 million remained available under the Company’s existing share repurchase authorization that expires in February 2027. 2026 Outlook During 2026 the Company Continues to Expect:   Global systemwide sales growth      Approximately Flat   Adjusted EBITDA      $460 to $480 million   Adjusted earnings per share      $0.56 to $0.60   Capital expenditures and franchise development fund investments      $120 to $130 million   Free cash flow      $190 to $205 million   Conference Call and Webcast Scheduled for 8:30 a.m. Today, May 8 The Company will host a conference call on Friday, May 8 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 are now available on the Company’s Investor Relations website. The li