

YUM (Post-Call): Dodges Some — But Not All — Blaster Shots
Earlier today, Yum Brands reported adjusted Q1 EPS of $1.05. This was two cents above our $1.03 forecast, but two cents below sell-side consensus (according to Consensus Metrix) of $1.07.
Earlier today, Yum Brands reported adjusted Q1 EPS of $1.05. This was two cents above our $1.03 forecast, but two cents below sell-side consensus (according to Consensus Metrix) of $1.07.
After today’s market close, Starbucks reported adjusted fiscal Q2 (calendar Q1) EPS of $0.59. This was better than our $0.54 forecast (which we had lowered in March due to Covid-related issues in China), and matched sell-side consensus (according to Consensus Metrix) of $0.59.
After today’s market close, Denny’s reported Q1 adjusted EPS of $0.11, falling short of our $0.12 forecast and sell-side consensus (according to Consensus Metrix) of $0.13. However, first-quarter adjusted EBITDA amounted to $17.7 million, and as such was within the company’s target range of $17-$19 million. Nevertheless, for Q2, Denny’s targets $17-$19 million in adjusted EBITDA, well below our forecast of $24.6 million (which we now move to $18 million) and consensus entering today of $25.4 million. The Q2 target range from the company includes about “$4 million related to share-based compensation expense.”
Earlier today, Domino’s reported Q1 earnings that disappointed the Street. First-quarter EPS came to $2.50, well short of our $3.05 forecast and sell-side consensus (according to Consensus Metrix) of $3.06.
Earlier today, McDonald’s reported better-than-expected Q1 results. First-quarter adjusted EPS amounted to $2.28, ahead of our $2.09 projection and sell-side consensus (according to Consensus Metrix) of $2.17.
After today’s market close, The Cheesecake Factory reported adjusted Q1 EPS of $0.47. This was short of our $0.52 estimate, as well as sell-side consensus (according to Consensus Metrix) of $0.51.