Wendy's third quarter results were broadly in line with expectations, driven by strong international sales growth and progress on the U.S. turnaround initiative, Project Fresh.

• International net unit growth projected to exceed 9% in 2025, fueled by strong same-restaurant sales and new openings.
• U.S. company-operated restaurants significantly outperformed the system, achieving a 400 basis points lead in same-restaurant sales in Q3.
• Project Fresh focuses on brand revitalization and operational excellence to increase guest frequency and drive average unit volumes (AUVs).
• Investments in customer training and technology are enhancing the customer experience and improving metrics such as satisfaction scores and order accuracy.
• Positive feedback from franchisees on Project Fresh reflects confidence in the brand's direction and strategy.