Wendys Co
NASDAQ:WEN
Income Statement
Earnings Waterfall
Wendys Co
Revenue
|
2.2B
USD
|
Cost of Revenue
|
-782.4m
USD
|
Gross Profit
|
1.4B
USD
|
Operating Expenses
|
-1B
USD
|
Operating Income
|
378.4m
USD
|
Other Expenses
|
-174m
USD
|
Net Income
|
204.4m
USD
|
Income Statement
Wendys Co
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Jan-2016 | Apr-2016 | Jul-2016 | Oct-2016 | Jan-2017 | Apr-2017 | Jul-2017 | Oct-2017 | Dec-2017 | Apr-2018 | Jul-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Jan-2021 | Apr-2021 | Jul-2021 | Oct-2021 | Jan-2022 | Apr-2022 | Jul-2022 | Oct-2022 | Jan-2023 | Apr-2023 | Jul-2023 | Oct-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 487
N/A
|
2 392
-4%
|
2 248
-6%
|
2 104
-6%
|
1 999
-5%
|
1 942
-3%
|
1 925
-1%
|
1 893
-2%
|
1 870
-1%
|
1 797
-4%
|
1 691
-6%
|
1 590
-6%
|
1 435
-10%
|
1 342
-6%
|
1 280
-5%
|
1 224
-4%
|
1 223
0%
|
1 318
+8%
|
1 409
+7%
|
1 501
+7%
|
1 590
+6%
|
1 618
+2%
|
1 642
+2%
|
1 680
+2%
|
1 709
+2%
|
1 705
0%
|
1 672
-2%
|
1 687
+1%
|
1 734
+3%
|
1 789
+3%
|
1 880
+5%
|
1 898
+1%
|
1 897
0%
|
1 925
+1%
|
1 970
+2%
|
2 032
+3%
|
2 096
+3%
|
2 136
+2%
|
2 159
+1%
|
2 177
+1%
|
2 182
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 840)
|
(1 742)
|
(1 604)
|
(1 468)
|
(1 355)
|
(1 297)
|
(1 277)
|
(1 236)
|
(1 184)
|
(1 094)
|
(981)
|
(876)
|
(745)
|
(653)
|
(580)
|
(526)
|
(513)
|
(528)
|
(544)
|
(556)
|
(546)
|
(584)
|
(594)
|
(612)
|
(611)
|
(651)
|
(642)
|
(645)
|
(612)
|
(648)
|
(665)
|
(656)
|
(623)
|
(680)
|
(716)
|
(761)
|
(753)
|
(803)
|
(810)
|
(815)
|
(782)
|
|
Gross Profit |
648
N/A
|
650
+0%
|
644
-1%
|
636
-1%
|
643
+1%
|
645
+0%
|
649
+1%
|
658
+1%
|
686
+4%
|
704
+3%
|
709
+1%
|
714
+1%
|
691
-3%
|
689
0%
|
700
+2%
|
698
0%
|
711
+2%
|
790
+11%
|
865
+9%
|
945
+9%
|
1 044
+10%
|
1 034
-1%
|
1 048
+1%
|
1 068
+2%
|
1 098
+3%
|
1 055
-4%
|
1 031
-2%
|
1 042
+1%
|
1 122
+8%
|
1 141
+2%
|
1 215
+6%
|
1 242
+2%
|
1 274
+3%
|
1 246
-2%
|
1 254
+1%
|
1 271
+1%
|
1 343
+6%
|
1 333
-1%
|
1 349
+1%
|
1 362
+1%
|
1 399
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(477)
|
(473)
|
(469)
|
(461)
|
(441)
|
(429)
|
(428)
|
(429)
|
(439)
|
(436)
|
(435)
|
(432)
|
(422)
|
(428)
|
(427)
|
(433)
|
(430)
|
(517)
|
(601)
|
(668)
|
(789)
|
(761)
|
(775)
|
(794)
|
(821)
|
(789)
|
(786)
|
(790)
|
(838)
|
(824)
|
(862)
|
(894)
|
(941)
|
(918)
|
(938)
|
(947)
|
(1 010)
|
(981)
|
(975)
|
(974)
|
(1 021)
|
|
Selling, General & Administrative |
(294)
|
(298)
|
(290)
|
(278)
|
(261)
|
(251)
|
(245)
|
(244)
|
(257)
|
(262)
|
(262)
|
(257)
|
(314)
|
(320)
|
(332)
|
(350)
|
(297)
|
(378)
|
(463)
|
(536)
|
(658)
|
(640)
|
(650)
|
(666)
|
(692)
|
(661)
|
(655)
|
(660)
|
(708)
|
(696)
|
(740)
|
(774)
|
(819)
|
(804)
|
(811)
|
(815)
|
(877)
|
(846)
|
(846)
|
(842)
|
(873)
|
|
Depreciation & Amortization |
(182)
|
(171)
|
(170)
|
(161)
|
(154)
|
(149)
|
(150)
|
(152)
|
(145)
|
(142)
|
(133)
|
(126)
|
(123)
|
(120)
|
(120)
|
(122)
|
(126)
|
(129)
|
(131)
|
(129)
|
(129)
|
(130)
|
(128)
|
(132)
|
(132)
|
(130)
|
(133)
|
(132)
|
(133)
|
(133)
|
(129)
|
(127)
|
(126)
|
(127)
|
(130)
|
(134)
|
(136)
|
(138)
|
(140)
|
(143)
|
(149)
|
|
Other Operating Expenses |
(0)
|
(3)
|
(8)
|
(22)
|
(26)
|
(29)
|
(33)
|
(33)
|
(37)
|
(32)
|
(40)
|
(48)
|
15
|
12
|
25
|
40
|
(8)
|
(11)
|
(7)
|
(4)
|
(2)
|
9
|
3
|
4
|
3
|
1
|
2
|
2
|
2
|
5
|
7
|
7
|
3
|
13
|
3
|
2
|
3
|
2
|
10
|
11
|
0
|
|
Operating Income |
171
N/A
|
177
+4%
|
175
-1%
|
175
+0%
|
203
+16%
|
216
+7%
|
220
+2%
|
229
+4%
|
247
+8%
|
268
+8%
|
275
+3%
|
282
+3%
|
269
-5%
|
262
-3%
|
273
+4%
|
265
-3%
|
281
+6%
|
273
-3%
|
265
-3%
|
277
+5%
|
255
-8%
|
273
+7%
|
274
+0%
|
274
+0%
|
277
+1%
|
265
-4%
|
245
-8%
|
251
+3%
|
284
+13%
|
317
+12%
|
353
+11%
|
348
-1%
|
333
-4%
|
328
-2%
|
315
-4%
|
324
+3%
|
333
+3%
|
352
+6%
|
374
+6%
|
388
+4%
|
378
-2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(46)
|
(37)
|
(32)
|
(29)
|
(51)
|
(51)
|
(55)
|
(69)
|
(34)
|
(49)
|
(61)
|
(61)
|
(114)
|
(113)
|
(112)
|
(111)
|
(116)
|
(111)
|
(112)
|
339
|
339
|
332
|
340
|
(109)
|
(83)
|
(82)
|
(84)
|
(85)
|
(112)
|
(114)
|
(112)
|
(109)
|
(98)
|
(105)
|
(98)
|
(104)
|
(111)
|
(118)
|
(127)
|
(126)
|
(113)
|
|
Non-Reccuring Items |
(65)
|
(6)
|
22
|
39
|
40
|
(23)
|
(31)
|
(28)
|
20
|
25
|
27
|
70
|
46
|
48
|
(5)
|
(44)
|
(66)
|
(81)
|
(27)
|
(24)
|
(25)
|
(12)
|
(18)
|
(17)
|
(31)
|
(37)
|
(27)
|
(31)
|
(21)
|
(18)
|
(7)
|
(3)
|
5
|
13
|
3
|
12
|
11
|
(3)
|
(10)
|
(20)
|
(15)
|
|
Total Other Income |
(2)
|
1
|
2
|
(0)
|
1
|
1
|
(0)
|
(0)
|
1
|
1
|
1
|
1
|
1
|
1
|
4
|
3
|
2
|
2
|
0
|
1
|
6
|
8
|
9
|
10
|
9
|
7
|
5
|
3
|
2
|
1
|
1
|
1
|
1
|
1
|
2
|
5
|
10
|
18
|
24
|
29
|
30
|
|
Pre-Tax Income |
59
N/A
|
135
+128%
|
167
+24%
|
185
+11%
|
193
+4%
|
143
-26%
|
134
-6%
|
131
-2%
|
234
+79%
|
245
+5%
|
242
-1%
|
292
+21%
|
202
-31%
|
198
-2%
|
160
-19%
|
114
-29%
|
101
-11%
|
83
-18%
|
126
+51%
|
593
+371%
|
575
-3%
|
601
+4%
|
604
+1%
|
158
-74%
|
172
+8%
|
153
-11%
|
139
-9%
|
138
-1%
|
153
+11%
|
186
+22%
|
235
+27%
|
237
+1%
|
241
+1%
|
237
-2%
|
222
-6%
|
236
+7%
|
244
+3%
|
248
+2%
|
261
+5%
|
270
+3%
|
279
+3%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(14)
|
(47)
|
(63)
|
(58)
|
(76)
|
(54)
|
(47)
|
(57)
|
(94)
|
(98)
|
(93)
|
(102)
|
(72)
|
(71)
|
(62)
|
(50)
|
(50)
|
(38)
|
(48)
|
(133)
|
(113)
|
(123)
|
(125)
|
(29)
|
(35)
|
(33)
|
(27)
|
(32)
|
(35)
|
(41)
|
(50)
|
(50)
|
(40)
|
(41)
|
(43)
|
(48)
|
(66)
|
(68)
|
(70)
|
(72)
|
(75)
|
|
Income from Continuing Operations |
45
|
88
|
103
|
126
|
116
|
90
|
87
|
74
|
140
|
147
|
149
|
190
|
130
|
127
|
98
|
64
|
51
|
46
|
78
|
460
|
462
|
478
|
479
|
129
|
137
|
119
|
112
|
106
|
118
|
145
|
186
|
187
|
200
|
196
|
179
|
188
|
177
|
180
|
191
|
199
|
204
|
|
Income to Minority Interest |
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
46
N/A
|
90
+97%
|
107
+19%
|
131
+23%
|
121
-7%
|
103
-15%
|
114
+11%
|
99
-13%
|
161
+63%
|
159
-1%
|
145
-9%
|
187
+28%
|
130
-31%
|
127
-2%
|
98
-22%
|
64
-35%
|
194
+205%
|
192
-1%
|
224
+17%
|
601
+168%
|
460
-23%
|
472
+3%
|
474
+1%
|
129
-73%
|
137
+6%
|
119
-13%
|
112
-6%
|
106
-6%
|
118
+12%
|
145
+23%
|
186
+28%
|
187
+1%
|
200
+7%
|
196
-2%
|
179
-9%
|
188
+5%
|
177
-6%
|
180
+1%
|
191
+6%
|
199
+4%
|
204
+3%
|