Core Viewpoint - Wendy's is expected to report a decline in second-quarter revenue and earnings per share, continuing a trend of missed analyst estimates in recent quarters [1][2]. Financial Performance - Analysts estimate second-quarter revenue at $560.4 million, down from $570.7 million in the previous year [1]. - Expected earnings per share for the second quarter is 26 cents, a decrease from 27 cents in the same quarter last year [2]. - Wendy's has missed analyst estimates in six of the last ten quarters [2]. Traffic and Sales Trends - Wendy's visits decreased by 3.0% year-over-year in the second quarter, an improvement from a 4.7% decline in the first quarter [3]. - The company reported a sales decline of 2.1% year-over-year in the first quarter, with U.S. sales down 2.6% [4]. Promotions and Future Growth - The second quarter included several promotions, such as new Frosty's and the Cajun Crunch Spicy Chicken, along with free fries offerings [4]. - A new promotion, "Meal of Misfortune," in partnership with Netflix's "Wednesday," is set to launch in the third quarter, which may help drive future traffic [5][7]. - Wendy's is focusing on international expansion, with plans to achieve 70% of unit growth outside the U.S. and aims to reach 2,000 international restaurants by 2028 [8][9]. Leadership Changes - The company is currently searching for a new CEO following Kirk Tanner's departure, with CFO Ken Cook serving as interim CEO [7]. Stock Performance - Wendy's stock is currently flat at $10.02, down 37.8% year-to-date, within a 52-week trading range of $9.74 to $20.60 [9].