Buyback Radar
Company reports

Wendy's

WEN

Wendy's has retired 59.4% of its shares since 2009, from 469,236,315 to 190,669,930.

59.4%retired since 2009
13.6%last 5 years
-0.2%last 12 months
191Mshares today
Shares outstanding, 2009 to todaysplit adjusted, from SEC filings
a quarter gone 2015half gone 2018469M shares, 2009191M2010201520202025
2009, 469,236,3152026-07-31, 190,669,930
A share bought in 2009
2.5× more of Wendy's today, without buying another share. It was one of 469,236,315 shares then. It is one of 190,669,930 now.
Every filing we read18 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20092009-02-27469,236,31510-Kcover page
20102010-02-26443,829,03110-Kcover page
20112011-02-25419,005,86910-K
20122012-02-24389,950,17010-K
20132013-02-22392,939,77410-K
20142014-02-21366,161,75410-K
20152015-02-18367,628,22710-K
20162016-02-24270,010,29110-K
20172017-02-22246,926,77310-K
20182018-02-20239,414,30710-K
20192019-02-19230,230,35010-K
20202020-02-18223,032,26110-K
20212021-02-23223,841,10510-K
20222022-02-22215,230,85710-K
20232023-02-21212,594,75310-K
20242024-02-16205,466,01610-K
20252025-02-19200,485,06810-K
20262026-02-16190,360,55710-K

Source: all 10-K filings of Wendy's on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

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Wendy's buybacks, answered

Is Wendy's buying back its stock?

Only enough to stand still. The share count is roughly flat over the last twelve months, at 190,669,930 as of July 31, 2026. Over five years the share count is down 13.6%.

How many shares has Wendy's bought back?

Net of every new share it issued, Wendy's has 278.6 million fewer shares than at its 2009 peak. That is 59.4% of the company.

How many shares does Wendy's have outstanding?

190,669,930 shares, as of July 31, 2026, from the cover page of its latest 10-Q. At the 2009 peak it had 469,236,315.

What do Wendy's' buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Wendy's stock in 2009 owns 2.5 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Wendy's compare with other cannibal stocks?

Wendy's ranks No. 29 of 251 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Masco (59.6%), Alpha Pro Tech (59.4%), Abercrombie & Fitch (58.9%), Arrow Electronics (58.6%).

Every answer is computed from Wendy's' own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Bill NygrenHarris Associates5,587,137 shares, $46.3M, Q2 2026
Prem WatsaFairfax Financial Holdings8,005,627 shares, $66.3M, Q2 2026
Nelson PeltzTrian Fund Management30,468,434 shares, $252.6M, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

Suerken Peter J. JRPresident, U.S.2025-11-20, 500 shares at $7.88 $4K total
Min JohnChief Legal Ofcr & Secretary2025-11-19, 1,700 shares at $8.18 $14K total

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Wendy's in depth on Cannibal Stocks.

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