Earlier today (Thursday), Starbucks reported fiscal Q4 adjusted EPS of $1.06, surpassing our $0.98 forecast and sell-side consensus (according to Consensus Metrix) of $0.97.
After today’s (Wednesday’s) market close, The Cheesecake Factory reported adjusted third-quarter EPS of $0.39. This was below our $0.48 forecast and sell-side consensus (according to Consensus Metrix) of $0.43.
Earlier today, Dine Brands reported third-quarter adjusted EPS of $1.46, above our $1.30 forecast and sell-side consensus (according to Consensus Metrix) of $1.27. We attribute much of the earnings beat coming from G&A/Revenues amounting to 24.0% in Q3, more favorable than our 25.3% forecast and consensus of 25.4%.
Earlier today, Yum Brands reported adjusted Q3 EPS of $1.44. This surpassed our $1.30 forecast and sell-side consensus (according to Consensus Metrix) of $1.28.
After today’s (Monday’s) market close, Denny’s reported adjusted Q3 EPS of $0.17. This was above our $0.14 forecast and sell-side consensus (according to Consensus Metrix) of $0.15. The Q3 adjusted tax rate was 16.5%. This was more favorable than our 25.0% forecast and consensus at 25.1%. Compared to consensus, the 16.5% adjusted tax rate helped Q3 adjusted EPS by about +2 cents. Third-quarter adjusted EBITDA amounted to $22.2 million, basically in line with our $22.3 million projection, and matching consensus of $22.2 million.
Earlier today, McDonald’s reported adjusted Q3 EPS of $3.19, surpassing our $3.06 forecast and sell-side consensus (according to Consensus Metrix) of $3.01.