Wendy's is a quick-service restaurant company that franchises and operates Wendy's restaurants across the United States and in numerous foreign countries and territories. The business operates primarily through a franchise model, where the company generates revenue from company-operated restaurant sales, franchise royalties and fees, rental income from properties leased to franchisees, and national advertising fund contributions, while franchisees operate the majority of locations under standardized agreements. The company offers quick-service fare including hamburgers, chicken sandwiches, and salads, manages its supply chain through a cooperative purchasing arrangement, and owns or leases a significant portion of restaurant properties that it subleases to franchisees, creating diversified revenue streams across company operations, franchising, and real estate.