I'm not going to say that Wendy's is stealing share from McDonald's and/or Chipotle, but the fact that gross margin advanced 50 basis points year over year to 23.7% is also an encouraging sign the company is outperforming its own expectations. The fact that Wendy's raised its prices, which helped offset the decline in its transactions, demonstrates good execution. In other words, although Wendy's is seeing less foot traffic, the customers it gets are paying more -- a sign the company is building leverage. If management can continue to capitalize on this performance, the stock should perform accordingly. In that regard, for the next quarter, the Street is looking for 6 cents in earnings per share on revenue of $664.4 million.