We have little visibility regarding the time it might take to get back in-line with guidance.

It appears as if Wendy's missteps over the past two years could be ending and that the growing new product pipeline and easing beef costs could allow for same-store sales and margins to be bottoming.

We do not believe that this single data point reflects a turnaround, but more likely a one-month perfect storm. The company still has work to do in terms of reinvigorating its menu to drive more consistent traffic.

They really need to start providing guidance as soon as they can.

I think you'll see stocks drift a little lower or stay flat in the summer. I think the guidance is going to be muted for a lot of companies, and that's going to disappoint some people considering where stocks are today.

Mr. Brown is going to testify before Congress. If he receives no guidance to the contrary, we'll do as any citizen should do -- and that is to answer all questions fully, completely and accurately.