Earlier today (Thursday, May 7th), Papa Johns reported first-quarter adjusted EPS of $0.32. This was short of our $0.35 forecast and sell-side consensus (according to Consensus Metrix) of $0.37.
Earlier today (Thursday, May 7th), McDonald’s reported adjusted Q1 EPS of $2.83. This was above our $2.75 projection and sell-side consensus (according to Consensus Metrix) of $2.75. The Q1 adjusted tax rate — which appears to have been about 22.0% — was more favorable than our 23.0% forecast and consensus of 22.5%. By our math, the difference between the 21.6% adjusted tax rate and consensus helped McDonald’s Q1 adjusted EPS by about +3 cents. Currencies helped Q1 EPS by +13 cents. This was actually a little lower than our expectation in the +15 to +17 cent range.
Earlier today (Wednesday, May 6th), Dine Brands initially reported first-quarter adjusted EPS of $1.07. HOWEVER, several hours later, the company — in a Form 8K/A — indicated that “due to an inadvertent error, adjusted net income for the first quarter of 2026 was reported as $13.5 million and adjusted earnings per diluted share was reported as $1.07. The correct adjusted net income for the first quarter of 2026 is $11.1 million and the correct adjusted earnings per diluted share is $0.88.”
After today’s (Wednesday, April 29th’s) market close, The Cheesecake Factory reported adjusted Q1 EPS reached $1.05. This was ahead of our $1.00 forecast and sell-side consensus (according to Consensus Metrix) of $1.01.
After today’s (Wednesday, April 29th’s) market close, Chipotle Mexican Grill reported adjusted Q1 EPS of $0.24. This matched our $0.24 forecast and sell-side consensus (according to Consensus Metrix) of $0.24.
Earlier today (Wednesday, April 29th), Yum Brands reported adjusted Q1 EPS of $1.50. This was ahead of our $1.40 estimate and sell-side consensus (according to Consensus Metrix) of $1.39.