YUM (Post-Call): U.S. Same-Store Sales Off to Double-Digit Start in Early 2021

By Ryan D. Lavender Published on February 4, 2021 at 3:00 PM

Earlier today, Yum Brands reported Q4 2020 adjusted EPS of $1.15, above our $1.01 forecast and sell-side consensus (according to Consensus Metrix) of $1.01. We calculate that the Q4 adjusted tax rate was approximately 8.5%, much more favorable than our 21.0% estimate and consensus of 20.8%. We further calculate that relative to our tax-rate projection, the actual adjusted Q4 tax rate added about +15 cents to Q4 adjusted EPS. Excluding this factor, Q4 adjusted EPS would have been closer to $1.00.

WEN “Ask the Experts” Call Series Wendy’s

By Mark Kalinowski Published on September 16, 2020 at 12:00 AM

Kalinowski Equity Research invites you to participate in our latest “Ask the Experts” conference call, to take place on Monday, November 16th starting at 1:00 PM Eastern time. The featured speakers will be Wendy’s CFO Gunther Plosch; and Greg Lemenchick, Senior Director – Investor Relations and Corporate FP&A. If you are interested in joining the call, please e-mail [email protected] or your sales contact.

DIN Highlights from Our Conference Call Featuring Dine Brands

By Mark Kalinowski Published on September 10, 2020 at 12:00 AM

Yesterday, we hosted the latest in our “Ask the Experts” series of conference calls, this time around with featured speakers from Dine Brands: CFO Thomas Song, and Executive Director Investor Relations Ken Diptee. We thank them for their participation and insights.