10:26 AM EDT, 08/08/2025 (MT Newswires) -- Wendy's (WEN) lowered its full-year earnings and global systemwide sales outlook on Friday, even though the fast food chain recorded fiscal second-quarter results above market expectations.

The company now anticipates adjusted earnings to come in between $0.82 and $0.89 per share for fiscal 2025, down from its previous projections of $0.92 to $0.98. The current consensus on FactSet is for non-GAAP EPS of $0.94.

Global systemwide sales are forecast to decline by 3% to 5% for the ongoing fiscal year, compared with the company's prior outlook range of flat to down 2%. Wendy's reiterated its global net unit growth guidance of 2% to 3% for the year.

"Based on our US business's second quarter performance, what we have seen so far in the third quarter and the shift of certain programming initiatives from 2025 into 2026, we have updated our outlook for the full year 2025," Chief Accounting Officer Suzie Thuerk said during an earnings call, according to a FactSet transcript. "Accordingly, our updated outlook assumes the dynamic consumer behavior and challenging competitive environment persists throughout the remainder of the year."

For the second quarter, adjusted EPS rose to $0.29 from $0.27, defying the Street's view for a decline to $0.25. Revenue decreased 1.7% to $560.9 million, but surpassed the average analyst estimate of $558 million. The stock was up 1.8% in Friday trade.

Same-restaurant sales around the world were down 2.9% in the quarter, more than the 2.2% decline modeled by the market. In the US, the metric fell 3.6% versus a 0.6% gain in the prior-year quarter. International same-restaurant sales growth decelerated to 1.8% from 2.5% last year.

"In the US, we have work to do to improve the overall performance of the business," interim Chief Executive Ken Cook said in the earnings release. "We will continue to strengthen relationships with franchisees, improve the effectiveness of our marketing programs, and elevate the customer experience across the system."

Systemwide sales slipped 1.8% on an annual basis in the second quarter. The company added 26 net new restaurants during the period.

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