Earlier today, Papa Johns reported adjusted third-quarter EPS of $0.43. This was three cents better than our $0.40 estimate, and in line with sell-side consensus (according to Consensus Metrix) of $0.43.
Earlier today (Wednesday), Dine Brands reported third-quarter adjusted EPS of $1.44. This is above our $1.35 forecast and sell-side consensus (according to Consensus Metrix) of $1.34. At first glance, the earnings beat looks driven by lower-than-anticipated G&A expenses ($45.4 million actual vs. $50.5 million projected and consensus at $50.1 million).
Earlier today (Tuesday), Yum Brands reported adjusted third-quarter EPS of $1.37, short of our $1.43 forecast and sell-side consensus (according to Consensus Metrix) of $1.41. We attribute the EPS shortfall to weaker-than-expected KFC worldwide same-store sales and a higher-than-anticipated tax rate, despite very good Taco Bell same-store sales.
Earlier today (Thursday), Wendy’s reported adjusted Q3 EPS of $0.25. While this was one cent below our $0.26 estimate, it matched sell-side consensus (according to Consensus Metrix) of $0.25.
After Wednesday’s market close, Starbucks provided its full fiscal Q4 earnings release. Fiscal Q4 adjusted EPS of $0.80 was pre-announced eight days ago, as was a U.S. same-store sales decline of -6%, and a China same-store sales decrease of -14%:
After today’s (Tuesday’s) market close, The Cheesecake Factory reported third-quarter adjusted EPS of $0.58, surpassing our $0.50 forecast and sell-side consensus (according to Consensus Metrix) of $0.48.