Wendy's (WEN) FY2024 results: revenue $2.2 billion, up 3.0% on the year
Wendy's Co. (WEN) reported revenue of $2.2 billion for fiscal 2024, the year ended 29 December 2024, up 3.0% on the year before. Net income was $194 million, down 4.9%, and diluted earnings per share $0.95. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$2.2 billion
+3.0% on the year
FY2017FY2024
Operating margin
16.5%
17.5% a year earlier
FY2017FY2024
Net income
$194 million
-4.9% on the year
FY2017FY2024
Diluted EPS
$0.95
-2.1% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
355
345
260
+2.9%
Capital expenditure
94.4
85.0
85.5
+11.0%
Free cash flow
261
260
174
+0.2%
Free cash flow margin
11.6%
11.9%
8.3%
Cash from investing
-129
-86.5
-77.8
Cash from financing
-303
-504
289
Depreciation and amortisation
143
136
133
+5.5%
Share-based compensation
23.0
23.7
24.5
-3.1%
Buybacks
77.4
190
52.0
-59.2%
Dividends paid
204
209
107
-2.3%
Dividend per share
$1.00
$1.00
$0.50
0.0%
Diluted shares, weighted
206m
212m
216m
-2.8%
Shares outstanding at period end
204m
205m
213m
-0.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
259
310
466
-16.3%
Debt
2,740
2,762
2,851
-0.8%
Operating lease liabilities
704
739
792
-4.7%
Finance lease liabilities
575
569
572
+1.2%
Other liabilities
756
803
818
-5.9%
Total liabilities and equity
5,035
5,183
5,499
-2.9%
Fixed assets
908
891
896
+1.9%
Goodwill
771
774
773
-0.3%
Intangible assets
1,192
1,219
1,249
-2.2%
Investments
29.0
34.4
46.0
-15.8%
Cash and equivalents
451
516
746
-12.7%
Receivables
86.8
105
98.6
-17.1%
Inventory
6.5
6.7
7.1
-2.4%
Other assets
1,590
1,637
1,684
-2.8%
Total assets
5,035
5,183
5,499
-2.9%
10-K for the year ended 29 December 2024, filed 21 February 2025: the filing.