Coverage

All Reports:

Wendy's (WEN)
Mark Kalinowski

WEN: Adjusting Our Back-Half 2023E Forecasts, and…

Wendy’s plans to report its second-quarter results before the market open on Wednesday, August 9th. We do not know to what degree, if any, Wendy’s will discuss third quarter-to-date same-store sales trends on the related conference call that morning.

Read More »
Cheesecake Factory (CAKE)
Mark Kalinowski

CAKE: Updating Our Second-Half 2023E Estimates, and…

The Cheesecake Factory plans to report its second-quarter results after the market close on Wednesday, August 2nd. We do not know to what degree, if any, The Cheesecake Factory will discuss third quarter-to-date same-store sales trends on the related conference call that afternoon.

Read More »
McDonald's Corp (MCD)
Mark Kalinowski

MCD: Part 2 of McDonald’s Franchisee Survey Discusses Krispy Kreme Doughnuts

Today we publish part two of two of the July 2023 edition of our proprietary McDonald’s Franchisee Survey. This report examines whether our franchisee respondents would like to sell Krispy Kreme (KREM; Not Rated) doughnuts in their own McDonald’s restaurants. As a reminder, back on June 29th, we published a report in which we indicated that we believe the 160 McDonald’s restaurants in Kentucky testing the sale of Krispy Kreme doughnuts in those restaurants are seeing average weekly sales of 800-900 doughnuts per restaurant. In addition, those sales appear to be highly incremental. Furthermore, an argument can be made that the sales of the Krispy Kreme doughnuts are helping to drive incremental sales of some non-doughnut menu items. For more info:

Read More »
McDonald's Corp (MCD)
Mark Kalinowski

MCD: Part 2 of McDonald’s Franchisee Survey Discusses Krispy Kreme Doughnuts

Today we publish part two of two of the July 2023 edition of our proprietary McDonald’s Franchisee Survey. This report examines whether our franchisee respondents would like to sell Krispy Kreme (KREM; Not Rated) doughnuts in their own McDonald’s restaurants. As a reminder, back on June 29th, we published a report in which we indicated that we believe the 160 McDonald’s restaurants in Kentucky testing the sale of Krispy Kreme doughnuts in those restaurants are seeing average weekly sales of 800-900 doughnuts per restaurant. In addition, those sales appear to be highly incremental. Furthermore, an argument can be made that the sales of the Krispy Kreme doughnuts are helping to drive incremental sales of some non-doughnut menu items. For more info:

Read More »