MCD (Post-Call): Updating Our 2021E & 2022E EPS Projections

By Ryan D. Lavender Published on January 28, 2021 at 4:14 PM

Earlier today, McDonald’s reported $1.70 in adjusted Q4 EPS, lower than our $1.72 forecast and sell-side consensus (according to Consensus Metrix) of $1.77. Fourth-quarter Company-Operated Restaurant Expenses/Sales by CompanyOperated Restaurants came in at 85.2%, worse than our 82.8% estimate.

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YUM Introducing Some EPS Estimates (and Some Tidbits)

By Mark Kalinowski Published on September 2, 2020 at 12:00 AM

With this report, we introduce our quarterly EPS estimates for Yum Brands (YUM; Neutral, $96.15) for 2021E as follows:
Q1E: $0.84
Q2E: $0.90
Q3E: $1.00
Q4E: $1.16

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DIN A Closer Look at Neighborhood Wings by Applebees

By Mark Kalinowski Published on August 31, 2020 at 12:00 AM

Given the potential for the “Neighborhood Wings by Applebee’s” brand (and potentially other virtual brands to be launched in the future by Applebee’s parent company Dine Brands?), we raise our full-year 2021E EPS estimate by +20 cents, to $5.00. This places us above current sell-side consensus (according to Consensus Metrix) of $4.83.

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