By Ryan D. Lavender
Published on January 28, 2021 at 4:14 PM
Earlier today, McDonald’s reported $1.70 in adjusted Q4 EPS, lower than our $1.72 forecast and sell-side consensus (according to Consensus Metrix) of $1.77. Fourth-quarter Company-Operated Restaurant Expenses/Sales by CompanyOperated Restaurants came in at 85.2%, worse than our 82.8% estimate.
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By Ryan D. Lavender
Published on January 26, 2021 at 3:23 PM
After Tuesday’s market close, Starbucks reported adjusted fiscal Q1 (calendar Q4) EPS of $0.61, above its previously-stated $0.50-$0.55 target range. Our forecast was at $0.54, with sell-side consensus (according to Consensus Metrix) of $0.55.
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By Ryan D. Lavender
Published on January 26, 2021 at 3:15 PM
Today we publish part 2 of 2 of the January 2021 edition of our proprietary McDonald’s Franchisee Survey. Much of this report focuses on relations between U.S. franchisees and corporate. As we noted in the part 1 report published late last week, we asked our franchisee respondents to quantify the current relationship between franchisees and McDonald’s Corporation, using a scale of one to five, with 1=Poor and 5=Excellent. The average response we received was 1.41 — the lowest average response we have received for this question since Q4 2018’s 1.39.
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