Why did Wendy’s stock rise today?

Shares moved higher after management detailed plans to close 5%–6% of U.S. locations by mid-2026 and keep a value menu permanent. Investors view the action as removing weak stores and supporting traffic recovery. The trade-off is lower near-term sales while the chain works to rebuild same store sales and margins.

How many Wendy’s stores will close and when?

Wendy’s expects to close roughly 298–358 U.S. restaurants, or 5%–6% of the base, by the first half of 2026. The plan targets underperforming locations, aiming to improve franchise health and overall margins. Management will provide updates alongside quarterly results as closures progress.

Is the dividend at risk after the closure plan?

The dividend yield is near 9% with a payout ratio around 0.83 on trailing figures. That is high, so coverage depends on free cash flow holding up as closures and value pricing play through. Watch quarterly cash generation and leverage. Sustained cash flow would support the payout, but flexibility is limited.

What should investors watch next for Wendy’s stock?

Focus on same store sales, traffic, and how the Biggie Deals menu affects mix and margins. Track net unit changes as closures occur and franchise health indicators. The next formal catalyst is earnings on May 1, 2026. Free cash flow after dividends will guide confidence in the yield.

Global Market Insights

WEN Stock Today, February 13: Closures Plan Lifts Shares on Turnaround

ByDanny Kontos February 14, 2026

Wendy’s stock rallied after management said it will close 5%–6% of U.S. restaurants by mid-2026 while leaning into a permanent Biggie Deals value menu. The update signals a reset after sharp same store sales declines. Investors are weighing a near-term revenue dip from closures against potential margin gains and traffic improvement. With dividend yield near 9% and mixed analyst views, we think position sizing and clear catalysts matter for Wendy’s stock today.