By Mark Kalinowski
Published on September 25, 2019 at 12:00 AM
With this report, we introduce our quarterly EPS estimates for 2020E for Domino’s (DPZ; Neutral) as follows: (1) Q1E $2.40, (2) Q2E $2.32, (3) Q3E $2.40, and (4) Q4E $3.58. These quarterlies sum to our unchanged full-year 2020E EPS forecast of $10.70. Please keep in mind that 2020 is a 53-week fiscal year for Domino’s.
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By Mark Kalinowski
Published on September 19, 2019 at 12:00 AM
With this report, we introduce our quarterly EPS estimates for 2020E for Papa John’s (PZZA; Buy). They are as follows: (1) Q1E $0.42, (2) Q2E $0.40, (3) Q3E $0.31, and (4) Q4E $0.42. These quarterlies sum to our (unchanged) full-year 2020E EPS estimate of $1.55.
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By Mark Kalinowski
Published on January 25, 2019 at 12:00 AM
Based on our data-driven checks regarding Wendy’s (WEN; Neutral) and the burger sector regarding December, we bump up our Q4E same-store sales forecast for Wendy’s North America by +50 basis points to +0.5%. While we still believe Wendy’s had a rough go of it in November (our Wendy’s checks for November 2018 were the worst of any month since those we did for February 2012), December appeared to be a meaningful bounce-back month sequentially — better than we expected. Our Q4E EPS estimate remains at $0.15.
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