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Wendy's

Top 500 #6Burgers & Fast FoodNASDAQ: WEN
5,969 Units•HQ: Dublin, OH•Est. 1969•Official Website •Verified: Sep 10, 2026 18:21:48 UTC

“Quality Is Our Recipe”

Key Institutional Metrics

Verified commercial performance, store unit economics, and official regulatory disclosures

Systemwide SalesANNUAL
$12.3B
↑+1.2% 3-Yr CAGR

Total annual gross sales across all US franchised & company stores combined.

Source: CA DFPI / FDDFY2025
Total Store Fleet
5,969 Units
95% Franchised•5% Company

Standardized brick-and-mortar store count with verified GPS coordinates.

Source: Brand Directory2026
Store Volume (AUV)
$2.08M
Top 25%: $2.82M

Annual average sales for a single mature franchised store location.

Source: FTC Item 192025
Royalty & CapitalITEM 5/6/7
4% Royalty
Ad Fund: 4%

Initial investment: $2.10M – $3.80M.

Source: FDD Item 72025

Executive Intelligence Brief

Official Site

Wendy's (NASDAQ: WEN) is a publicly traded enterprise founded in 1969 and headquartered in Dublin, OH. Ranked #6 in US restaurant systemwide sales, it stands as a premier flagship in the Burgers & Fast Food category, maintaining a physical footprint of 5,969 store locations (95% franchised). The brand generates an average unit volume (AUV) of $2.08M per store, backed by enterprise in-store technology and multi-platform digital delivery distribution.

Burgers & Fast FoodLimited-Service (LSR)95% Franchised
Ownership StructurePublic
HeadquartersDublin, OH
Founded1969 (57 yrs)
Executive LeadershipKirk Tanner
Live Disclosures & Wire5 Active Records
litigation16h ago
Wendy’s Sued by Bankrupt Franchisee in Licensing Deal Feud

Wendy’s Sued by Bankrupt Franchisee in Licensing Deal Feud. Verified commercial disclosure for Wendy's.

Source: Bloomberg Law NewsRead on Bloomberg Law Ne
distress1d ago
Future of NW Ohio Wendy’s After Bankruptcy

Future of NW Ohio Wendy’s After Bankruptcy. Verified commercial disclosure for Wendy's.

Source: UToledo NewsRead on UToledo News
distress1d ago
Another Tallahassee Wendy's closes its doors amid national closures

Another Tallahassee Wendy's closes its doors amid national closures. Verified commercial disclosure for Wendy's.

Source: Tallahassee DemocratRead on Tallahassee Demo
distress2d ago
Inside Meritage Hospitality’s bankruptcy: Beef costs, closures and a battle with Wendy’s

Inside Meritage Hospitality’s bankruptcy: Beef costs, closures and a battle with Wendy’s. Verified commercial disclosure for Wendy's.

Source: QSR WebRead on QSR Web
distress5d ago
1 Franchisee Just Waved a Giant Red Flag for Wendy’s Stock Amid Ch. 11 Bankruptcy Filing

1 Franchisee Just Waved a Giant Red Flag for Wendy’s Stock Amid Ch. 11 Bankruptcy Filing. Verified commercial disclosure for Wendy's.

Source: barchart.comRead on barchart.com

Commercial Index

100% VERIFIED
FDD Item 19 Filing Indexed (2025)
Geocoded Locations5,969 Units
POS ArchitectureNCR
Delivery Multi-HomingDoorDash · Uber Eats
SBA Solvency RatingLow Risk (2.4% default)
API Standardx402 / REST / MCP
View JSON

Three Pillars of Commercial Health

Standardized unit economics based on FDD Item 19 filings and SBA lending solvency benchmarks

Unit Profitability
Tier-1
Average Unit Sales$2.08M
Store EBITDA Margin15.8%
Food & Paper Cost32.4%
Labor Cost Ratio29.2%
Commercial Economics Insight:Breakfast daypart expansion and fresh, never frozen beef premium pricing anchor healthy morning and dinner gross margins.
System Expansion
+1.2% CAGR
Systemwide Sales$12.3B
Net Additions+85 Units
3-Yr Unit CAGR1.2%
International Share16%
Expansion & Scale Insight:Global Next Gen store design cutting buildout CapEx by $200k while increasing energy efficiency by 18%.
Franchisee Solvency
Low Risk
SBA Default Rate2.4%
Capital Payback4.2 Yrs
Agreement Term20 Yrs
Renewal Rate94%
Lender Risk & Solvency:Consistent corporate development incentive program subsidizing royalty rates for early multi-unit builds.

5-Year Performance & Footprint Trend

Historical progression of total units, average unit volume (AUV), and systemwide sales

$1.82M
2020
$1.95M
2021
$2.01M
2022
$2.05M
2023
$2.08M
2024
2024 Total Fleet6,080 Units
2024 Average AUV$2.08M / yr
2024 System Sales$12.3B

Developer & Agent Endpoint

curl -s "https://franchisedata.io/api/brands/wendys/locations?limit=25"

Queries up to 50 store locations with GPS coordinates, POS hardware, delivery links, and operational status. Supports ?state=CA, ?city=..., ?zip=..., ?drive_thru=true.