Wendy’s cuts dividend by 50% and withdraws 2026 forecast amid sales drop and franchise struggles

Wendy’s halved its quarterly dividend to 7 cents per share and withdrew its 2026 annual forecast due to a 7% drop in U.S. comparable restaurant sales and declining franchisee profitability. Despite these challenges, the company beat earnings and revenue estimates for Q2 2026. CEO Bob Wright outlined a turnaround plan focusing on menu and marketing improvements while activist investor Nelson Peltz, holding over 24% of shares, continues discussions on strategic moves. Wendy’s also closed numerous underperforming stores as part of its restructuring efforts.