Filing Flows › Wendy's (WEN) › Q2 2025
Wendy's (WEN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Wendy's (WEN) reported revenue of $561M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +7% from the quarter before. Operating margin was 18.6%, net earnings $55.1M (9.8% of revenue).
Wendy's, Q2 2025: revenue $561M (-2% year over year), operating margin 18.6%, net earnings $55.1M, operating cash flow $60.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $561M | +7% | -2% |
| Operating profit | $104M | +25% | +5% |
| Net earnings | $55.1M | +40% | +0.9% |
| Operating cash flow | $60.6M | -29% | +33% |
| Free cash flow | $39.2M | -42% | +38% |
What changed
Revenue was $560.9M in Q2 2025, down 2% year over year and up 7% from the previous quarter. Sales was the largest line at 42% of revenue. Sales lost $4.5M year over year (down 2%), 46% of the total change.
Operating profit was $104.3M, a 18.6% margin (up 1.2 points year over year). Total costs fell 3% while revenue fell 2%. Net earnings were $55.1M, up 1% year over year. The effective tax rate was 27.4%.
Operating cash flow was $60.6M (up 33% year over year), 110% of net earnings. Non-cash charges added back $37.0M of depreciation and amortization and $5.1M of share-based compensation. Working capital and other items used $36.6M. Capital expenditures of $21.4M left free cash flow of $39.2M.
Questions
What was Wendy's revenue in the second quarter 2025?
Wendy's (WEN) reported revenue of $561M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +7% from the quarter before.
Was Wendy's profitable in the second quarter 2025?
Operating profit was $104M (18.6% of revenue) and net earnings $55.1M.
Source: Wendy's 10-Q on SEC EDGAR.