DNKN Updating Our Same-Store Sales and EPS Estimates for 2020E & 2021E

By Mark Kalinowski Published on March 31, 2020 at 12:00 AM

We lower our U.S. same-store sales estimates for Dunkin’ (owned by Dunkin’ Brands Group [DNKN; Neutral]) as follows:
Q1E 2020: down by -5.5 percentage points to -3.5%
Q2E 2020: down by -32.0 percentage points to -30.0%
Q3E 2020: down by -17.0 percentage points to -15.0%
Q4E 2020: down by -11.5 percentage points to -10.0%
Full-year 2020E: down by -16.5 percentage points to -14.6%
Full-year 2021E: up by +6.5 percentage points to +8.0%

YUM Introducing EPS Estimates, Discussing GRUB, and Taco Bell Tidbits

By Mark Kalinowski Published on October 18, 2019 at 12:00 AM

We maintain our Buy rating on YUM and note the following:

WEN A Bold Vision from Wendy’s at its Analyst Meeting

By Mark Kalinowski Published on October 11, 2019 at 12:00 AM

Earlier today, Wendy’s (WEN; Buy) hosted an Analyst Meeting. Shares are reacting positively to the news intraday, although there’s a lot of unpack, so let’s get to it. We maintain our Buy rating on WEN, and note the following: