DIN: Updating our EPS and Same-Store Sales Forecasts for IHOP

By Ryan D. Lavender Published on April 7, 2021 at 4:02 PM

With this report, we increase our Q1E U.S. same-store sales forecast for IHOP by +600 basis points, to -5.0%. As of this writing, sell-side consensus (according to Consensus Metrix) is at -9.9%. Our increased forecast represents (inter-related) factors including: (1) general improvement in one-year and two-year family dining sector sales trends, (2) benefits from stimulus-related consumer spending in March, and (3) “spring fever” perhaps finding itself a little more in bloom than usual amongst consumers this time of the year, given all that has been battled over the last 12+ months.

MCD: Raising our Q1E U.S. Same-Store Sales Forecast to the Sell-Side High

By Ryan D. Lavender Published on April 5, 2021 at 4:58 PM

With this report, we increase our Q1E U.S. same-store sales forecast for McDonald’s by +190 basis points, to +12.2%. According to Consensus Metrix data, this becomes the new “high on the sell-side forecast.” Sell-side consensus is presently at +9.7%.

WEN: Raising our Q1E U.S. Same-Store Sales Forecast to the Sell-Side High

By Ryan D. Lavender Published on April 5, 2021 at 4:54 PM

With this report, we increase our Q1E U.S. same-store sales forecast for Wendy’s by +150 basis points, to +11.5%. According to Consensus Metrix data, this becomes the new “high on the sell-side forecast.” Sell-side consensus is presently at +10.0%.