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Emil J. Brolick - Chief Executive Officer, President, Member of The Board of Directors, Member of Executive Committee and Member of Capital & Investment Committee
Stephen E. Hare - Chief Financial Officer and Senior Vice President
Michael W. Gallo - CL King & Associates, Inc.
Ashwin Shandilya - Barclays Capital, Research Division
Jason West - Deutsche Bank AG, Research Division
Larry Miller - RBC Capital Markets, LLC, Research Division
Chase Arneson - Goldman Sachs Group Inc., Research Division
Nick Setyan - Wedbush Securities Inc., Research Division
Jake R. Bartlett - Susquehanna Financial Group, LLLP, Research Division
Good morning. My name is Brandy, and I will be your conference operator today. At this time, I would like to welcome everyone to The Wendy's Company Second Quarter Earnings Conference Call. [Operator Instructions] Thank you.
I would now like to turn the call over to John Barker, Chief Communications Officer. Please go ahead, sir.
John D. Barker
Thanks, Brandy. Good morning, everybody. This morning, we issued our second quarter 2012 earnings release, and we filed our Form 10-Q. The agenda for today, our call and webcast, will start with opening comments from our President and CEO, Emil Brolick, to be followed by a review of our second quarter financial results from our Chief Financial Officer, Steve Hare. Then Emil will provide an update on Wendy's Recipe to Win and the progress we're making on our key growth initiatives. Finally, we'll open up the line for questions.