Thursday February 21, 2019, 00:00:00
By Mark Kalinowski
Earlier today, Domino’s (DPZ; Buy) reported Q4 2018 EPS of $2.62, short of our $2.71 projection and sell-side consensus (according to Consensus Metrix) of $2.69. The tax rate in Q4 2018 was 17.0%, versus our 20.8% estimate and consensus of 20.8%. By our math, Q4 EPS would have been closer to $2.50 if the Q4 tax rate had been closer to our forecast/consensus. Restaurant-level margins at company-owned units were 23.1%, versus our 24.0% estimate. G&A/Revenues was 11.2% actual vs. our 10.8% projection.
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Sunday February 17, 2019, 00:00:00
By Mark Kalinowski
We briefly note the following tidbits regarding Domino’s (DPZ; Buy), Jack in the Box (JACK; Not Rated), Tim Hortons (owned by Restaurant Brands International [QSR; Not Rated], and privately-held Blaze Pizza:
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Thursday February 14, 2019, 00:00:00
By Mark Kalinowski
A number of restaurant companies are scheduled to report quarterly earnings over the February 20-26 time frame, including The Cheesecake Factory (CAKE; Neutral), Wendy’s (WEN; Neutral), Dine Brands (DIN; Buy), Domino’s (DPZ; Buy), and Papa John’s (PZZA; Neutral). In this report, we look at the set-up into the print for each of these five companies:
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