I will go out on a limb and say Wendy's suprises to the upside pretty handly. With the new hype over the fries I believe that brought in some new customers and helped out sales. Also, the CEO said they initiated a new pricing plan which varies store by store. They raised prices like McDonalds and McDonalds made a nice profit because of those price increases. Past performance says I'll be wrong, but I wanna be positive about tomorrow. I just wish the earnings were on Wednesday when I'm off from work. Doh!
They would not have filed this if they did not have a good solution by June 15 for the arby's sale. My expectation is there will be something good since they are reporting in the morning. Most companies that report while the market are open have great news. But I may be wrong.
Yes, don't expect anything big. Probably meet or beat by small margin, say they are still working on the Arby's sale, say again higher cost of goods is real and remind everyone this is a turnaround story. I think the CEO is on a short leash, one more quarter and if they don't have so really good results he's gone. Anyway you look at will be back above $10 in a year so still a good double, low downside risk, high upside potential.