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What changed 10-K
Item 2. Properties
2026-02-23 compared with 2025-02-21 · 1 added, 1 removed, 19 unchanged (10% of the section changed)
14 unchanged sentences
segment, Wendy’s owned the land and building for 155 restaurants, owned the building and held long-term land leases for 141 restaurants and held leases covering the land and building for 127 restaurants.
−Removed: Wendy’s also held leases covering the land and building for each of the 13 Company-operated restaurants in the Wendy’s International segment.
+Added: Of the 11 Company-operated restaurants in the Wendy’s International segment, Wendy’s owned the building and held long-term land leases for one restaurant and held leases covering the land and building for 10 restaurants.
Lease terms are generally initially between 15 and 20 years and, in most cases, provide for rent escalations and renewal options.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.