WEN (Post-Call): Expects Q1 U.S. Same-Store Sales to Rise by About +10%

By Ryan D. Lavender Published on March 3, 2021 at 5:40 PM

Earlier today, Wendy’s reported Q4 2020 adjusted EPS of $0.17. While this was one cent better than our $0.16 forecast, it still came in one cent below sell-side consensus (according to Consensus Metrix) of $0.18. Wendy’s indicates that the EPS number was ahead of its internal plan.

CAKE (Post-Call): Q4 Disappoints, But Q1 Showing Sequential Improvement

By Ryan D. Lavender Published on February 17, 2021 at 4:53 PM

After today’s (Wednesday’s) market close, The Cheesecake Factory reported adjusted Q4 EPS of -$0.32, below our +$0.06 forecast and sell-side consensus (according to Consensus Metrix) of -$0.02.

DENN (Post-Call): U.S. Same-Store Sales -25% for First Two Weeks of February

By Ryan D. Lavender Published on February 16, 2021 at 5:03 PM

After today’s (Tuesday’s) market close, Denny’s reported adjusted Q4 EPS of -$0.05, lower than our +$0.01 projection and sell-side consensus (according to Consensus Metrix) of -$0.04. Relative to our model, we attribute the Q4 EPS shortfall primarily to Payroll and Benefits/Company Restaurant Sales (44.4% actual vs. 41.5% projected).