I suspect the Pretzel surprise will not reflect on this earnings report.....but I also expect to learn that remodeling of stores and new menu itmes are expected to do very good things for earnings going forward and stocks usually reflect expectations.......having said that, I think Wendy's is undervalued based on my own expectations and I think analysts are going to be hiking their share price beyond the current recent hikes of a mere 7 bucks.
As an aside...I have not been to a fast food place in nearly 8 months except for two trips for my Grandson to McD's. Until the pretzel bun.......I have been to a different Wendy's each of the last 3 days and the pretzel cheeseburger is very good! So is the feedback from Wendy's employees when asked how Pretzel cheeseburger sales are going.
My take is that Wendy's is going to start taking market share away from Burgerking and also McD's. In fact, Wendy's may once again end up on someones buyout list........it seems management is in attack mode and after the decades of 4 to 5 bucks and mopping up the rear.....it wasn;t going to take a whole lot to get this chain moving again anyways! New ideas, direction, and look........seems to be a winner....so far anyways!