By Mark Kalinowski
Published on October 23, 2020 at 12:00 AM
McDonald’s plans to release its full-Q3 earnings before the market open on Monday, November 9th, to be followed that day by the related earnings release conference call and a Virtual Investor Update. McDonald’s has already released its Q3 samestore sales results, including a U.S. advance of +4.6%.
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By Mark Kalinowski
Published on October 21, 2020 at 12:00 AM
Starbucks plans to report its fiscal fourth-quarter earnings after the market close on Thursday, October 29th. Ahead of that release, we move up our fiscal Q4E U.S. samestore sales forecast by +2 percentage points, to -11%. This reflects the previouslyannounced -14% number from July and -11% figure from August. Implicitly, our updated full-Q4E projection presumes about a -8% to -9% estimate for September. FYI, according to Consensus Metrix, sell-side consensus for full-fiscal Q4E is at -11.8% (although keep in mind that Starbucks does not report out its same-store sales past the decimal point).
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By Mark Kalinowski
Published on October 15, 2020 at 12:00 AM
Based on our math, it looks like Wendy’s is in the process of decisively overtaking Burger King (owned by Restaurant Brands International [QSR; Not Rated]) as the 2nd-largest burger concept in the U.S., based on domestic systemwide sales.
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