FDD Year-over-Year Comparison
Wendy's FDD: What Changed from 2025 to 2026
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.
Item 7 — Estimated Initial Investment
| 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%).
Item 20 — System Size (Outlet Count)
| 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%)).
Item 19 — Financial Performance Representations
Wendy's included an Item 19 financial performance representation in both the 2025 and 2026 filings.
Frequently asked questions
Did the cost to open a Wendy's franchise change in the 2026 FDD?
The 2026 FDD for Wendy's states an Item 7 estimated initial investment of $1,580,457–$3,105,000, against $1,523,957–$2,992,000 in the 2025 filing. The low end moves from $1,523,957 to $1,580,457 (+$56,500 (+3.7%)) and the high end moves from $2,992,000 to $3,105,000 (+$113,000 (+3.8%)).
How many locations does Wendy's have?
The 2026 FDD for Wendy's reports 5,969 outlets in Item 20, against 5,933 in the 2025 filing — 36 more.
Does Wendy's disclose financial performance in its FDD?
Wendy's included an Item 19 financial performance representation in both the 2025 and 2026 filings.
Unlock this Workspace
- Clearly Report + Workspace
- Full FDD breakdown with citations
- Ask Clara as many questions as you need
- Saved to your Clearly Library, organized by brand