10:15 AM EST, 11/07/2025 (MT Newswires) -- Wendy's (WEN) reiterated its full-year outlook on Friday as the fast food chain recorded better-than-expected fiscal third-quarter results.

The company continues to project adjusted earnings to come in between $0.82 and $0.89 per share for fiscal 2025. The current consensus on FactSet is for non-GAAP EPS of $0.85. Global systemwide sales are still pegged to be down 3% to 5%, while the global net new unit growth target was maintained at 2% to 3% for the fiscal year.

"Our outlook assumes the dynamic consumer behavior and challenging competitive environment persists throughout the remainder of the year," Chief Accounting Officer Suzie Thuerk said during an earnings call, according to a FactSet transcript. "Our outlook assumes that systemwide and same-restaurant sales in the fourth quarter will be lower year-over-year than the third quarter."

For the third quarter, Wendy's adjusted EPS ticked down to $0.24 from $0.25, but topped the Street's view for $0.20. Revenue decreased 3% to $549.5 million, but came in ahead of the market's forecast of $534.7 million.

The company's shares climbed 2.3% in Friday trade. The stock has lost about 43% so far this year.

Same-restaurant sales around the world declined 3.7%, but were better than the average analyst estimate for a drop of 5%. In the US, the metric fell 4.7% versus a 0.2% gain in the prior-year quarter. International same-restaurant sales growth accelerated to 3% from 0.7% last year.

"Sales remain under pressure and we are acting with urgency to return US (comparable) sales to growth," interim Chief Executive Ken Cook said on the call. "We are making meaningful progress on key actions to enhance the customer experience, and we are seeing this payoff in our US company operated restaurants, which significantly outperformed the overall system in the third quarter."

Systemwide sales slipped 2.6% on an annual basis in the quarter, driven by the same-restaurant sales decline in the US amid "heightened industry competition and consumer pressure," according to Cook. The company added 54 new restaurants, bringing its total additions to 172 through the end of the three-month period.

Earlier in the week, fast food heavyweight McDonald's (MCD) reported third-quarter earnings that unexpectedly declined year over year. Yum Brands (YUM) reported better-than-expected third-quarter adjusted earnings and said it has begun exploring strategic options for its Pizza Hut brand.

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