The 2026 Wendy's FDD moves the Item 7 estimated initial investment range from $1,523,957–$2,992,000 to $1,580,457–$3,105,000, and the system grows from 5,933 to 5,969 outlets year-over-year. Both filings include an Item 19 financial performance representation.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Low end of range | $1,523,957 | $1,580,457 | +$56,500 (+3.7%) |
| High end of range | $2,992,000 | $3,105,000 | +$113,000 (+3.8%) |
| Full range | $1,523,957–$2,992,000 | $1,580,457–$3,105,000 |
The 2026 filing puts the Item 7 estimated initial investment at $1,580,457–$3,105,000, versus $1,523,957–$2,992,000 in the 2025 filing. The low end moves by +$56,500 (+3.7%) and the high end moves by +$113,000 (+3.8%).
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Total outlets (Item 20) | 5,933 | 5,969 | +36 (+0.6%) |
Wendy's reports 5,969 outlets in the 2026 FDD, versus 5,933 in the 2025 filing (+36 (+0.6%)).
Wendy's included an Item 19 financial performance representation in both the 2025 and 2026 filings.