SBUX (Post-Call) Fiscal Q1 U.S. Same-Store Sales +$% an Encouraging Sign

By Mark Kalinowski Published on January 24, 2019 at 12:00 AM

After today’s market close, Starbucks (SBUX; Neutral) reported adjusted fiscal Q1 2019 (calendar Q4 2018) EPS of $0.75, exceeding our $0.66 forecast and sell-side consensus (as measured by Consensus Metrix) of $0.65. Starbucks notes that this $0.75 figure “included a $0.07 benefit from discrete income tax items,” suggesting the EPS beat excluding these tax items was $0.02 versus our forecast and $0.03 versus consensus.

DPZ Analyst Meeting Unveils 25,000 Store Target by Year-End 2025

By Mark Kalinowski Published on January 17, 2019 at 12:00 AM

Earlier today, we attended the annual Analyst Meeting for Domino’s (DPZ). This year’s theme was “What Matters.” We came away impressed with the company’s strategic plans, and reiterate our Buy rating on DPZ. We note the following:

DPZ A Slice of Our Thoughts from ICR Conference 2019

By Mark Kalinowski Published on January 15, 2019 at 12:00 AM

Today, we attended the Regular Session and first Breakout Session for Domino’s as it participated at ICR Conference 2019. We note the following: