Wendy's Q2 sales drop 6.5%, cuts dividend, withdraws 2026 outlook amid turnaround plan

Wendy's reported a 6.5% decline in global systemwide sales for Q2 2026, driven by an 8.2% drop in U.S. sales despite 3.4% international growth. Net income fell to $32.6 million, with adjusted EBITDA at $124.1 million. New CEO Bob Wright announced a comprehensive turnaround plan focusing on menu quality, marketing, operations, digital experience, and growth, while the company cut its dividend and withdrew its 2026 financial outlook to support these efforts. Wendy's aims to leverage its brand heritage to regain market relevance and improve financial performance.