Looking to Popeyes to Learn about Domino’s and Papa John’s

By Ryan D. Lavender Published on June 1, 2021 at 9:19 PM

Over the last six months, have published multiple reports suggesting that to learn how Domino’s and Papa John’s might lap very challenging same-store sales comparisons over Q2 2021-Q1 2022, keep an eye on Popeyes — and how Popeyes is lapping its highly challenging same-store sales comparisons during Q4 2020-Q3 2021. Our bottom line remains that Domino’s and Papa John’s could end up lapping these tough numbers better than the Street anticipates. This report updates our thoughts in that regard.

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DENN (Post-Call): Q1 U.S. Same-Store Sales > Our “High on Sell-Side” Forecast

By Ryan D. Lavender Published on May 4, 2021 at 1:18 PM

On Wednesday, June 9th, Kalinowski Equity Research will host a virtual non-deal roadshow (NDR) featuring Denny’s. Anticipated participants from Denny’s include: (1) President Mark Wolfinger, (2) EVP and CFO Robert Verostek, (3) VP – Investor Relations and FP&A Curt Nichols, and (4) Director – Investor Relations and FP&A Kayla Money. Institutional investors interested in participating in this virtual NDR are encouraged to contact Caroline at [email protected] or your sales contact.

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MCD (Post-Call): Robust Results Across the McBoard

By Ryan D. Lavender Published on April 29, 2021 at 1:10 PM

Earlier today, McDonald’s reported Q1 adjusted EPS of $1.92, above our $1.86 forecast and sell-side consensus (according to Consensus Metrix) of $1.82. The EPS outperformance was driven by better-than-expected same-store sales in each of McDonald’s three major business segments.

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