WEN: Wendy’s NASDAQ -7.74% pre-market before 13 Feb 2026 earnings: Margin focus

WEN stock trades at $7.27 pre-market, down 7.74% on heavy volume as investors await the 13 Feb 2026 Q4 report. The drop follows elevated trading with 19.43 million shares changing hands versus a 6.77 million average. Expectations point to softer U.S. traffic and margin pressure, while management highlights Project Fresh optimisation and international strength. We look at key numbers, analyst context, and short-term catalysts ahead of Wendy’s (WEN) NASDAQ print.