Wendy's (WEN) Gross Margin (2009 - 2026)
Wendy's' (WEN) quarterly Gross Margin came in at 62.81% in Q1 2026, down 124.0% YoY from 261.72% in Q1 2025, and little changed on a QoQ basis from 62.65% in Q4 2025.
Analysis
Wendy's (WEN) Gross Margin (2009 - 2026) Analysis & Trends
Wendy's (WEN) has 18 years of Gross Margin data on file, last reported at 62.81% in Q1 2026.
- Quarterly Gross Margin fell 124.0% year-over-year to 62.81% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 63.33% (down 181.0% YoY) and the FY2025 annual result came in at 63.63%, down 151.0% from the prior year.
- Gross Margin steadied at 62.81% in Q1 2026, from 62.65% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 65.94% in Q4 2024 to a low of 53.0% in Q1 2023.
- A 5-year average of 63.16% and a median of 63.48% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 569 bps — and 2023, when it jumped 1049 bps.
- Tracing WEN's Gross Margin over 5 years: stood at 63.17% in 2022, then advanced by 1 bps to 63.48% in 2023, then gained by 4 bps to 65.94% in 2024, then slipped by 5 bps to 62.65% in 2025, then climbed by 0 bps to 62.81% in 2026.
- The last three Gross Margin figures came in at 62.81% (Q1 2026), 62.65% (Q4 2025), and 62.83% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 181.46 Bn | 180.64 Bn | 6.42 Bn | 90.42% |
| 2 | Starbucks | 119.15 Bn | 115.53 Bn | 6.49 Bn | 69.66% |
| 3 | Chipotle Mexican Grill | 47.22 Bn | 46.55 Bn | 2.35 Bn | 70.33% |
| 4 | Yum Brands | 41.34 Bn | 40.66 Bn | 1.47 Bn | 67.73% |
| 5 | Restaurant Brands International | 27.92 Bn | 26.86 Bn | 1.89 Bn | 74.80% |
| 6 | Darden Restaurants | 25.01 Bn | 24.79 Bn | 3.68 Bn | 98.84% |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 74.80% |
| 8 | Yum China Holdings | 15.19 Bn | 13.80 Bn | 2.22 Bn | 70.75% |
| 9 | Texas Roadhouse | 12.42 Bn | 12.22 Bn | 1.44 Bn | 85.89% |
| 10 | Wendy's | 1.52 Bn | 1.18 Bn | 363.30 Mn | 63.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 63.67% |
| Mar 29, 2026 | 62.81% |
| Dec 28, 2025 | 62.65% |
| Sep 28, 2025 | 62.83% |
| Jun 29, 2025 | 64.97% |
| Mar 30, 2025 | 64.05% |
| Dec 29, 2024 | 65.94% |
| Sep 29, 2024 | 65.48% |
| Jun 30, 2024 | 64.98% |
| Mar 31, 2024 | 64.07% |
| Dec 31, 2023 | 63.48% |
| Oct 1, 2023 | 63.76% |
| Jul 2, 2023 | 64.21% |
| Apr 2, 2023 | 62.83% |
| Jan 1, 2023 | 53.00% |
| Oct 2, 2022 | 63.17% |
| Jul 3, 2022 | 63.32% |
| Apr 3, 2022 | 62.13% |
| Oct 3, 2021 | 68.86% |
| Jul 4, 2021 | 68.75% |