FinEdge Labs
W

WEN

WENUnverified
4 segments tracked|6 years of data|Annual (10-K)
Total Revenue
$1.3B5.5%
FY2024
Operating Segments
4
Active segments
Blended Margin
0.0%
Operating margin
Highest Margin
0.0%
Royalty
Segment Shift

Royalty has grown from 54.1% to 40.0% of total revenue since FY2019, with 0.0% operating margins. Meanwhile, Franchise is the fastest growing at +21.8% YoY.

Segment Revenue Over Time

Revenue Mix

Segment Breakdown — FY2024

SegmentRevenueOp. IncomeMargin% of TotalYoY
Royalty$528M$00.0%40.0%+3.2%
Advertising$458M$00.0%34.7%+6.8%
Real Estate$236M$00.0%17.9%+2.7%
Franchise$98M$00.0%7.4%+21.8%

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