By Mark Kalinowski
Published on September 24, 2020 at 12:00 AM
In part given the strength of Dunkin’s promotion with TikTok star Charli D’Amelio, we raise our Q3E same-store sales forecast for the Dunkin’ U.S. business by +50 basis points, to -1.0%. According to Consensus Metrix, sell-side consensus is at -1.9% as of this writing.
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By Mark Kalinowski
Published on July 16, 2020 at 12:00 AM
Earlier today, Domino’s (DPZ; Buy, $408.48) reported Q2 EPS of $2.99, well ahead of our $2.15 forecast and sell-side consensus (according to Consensus Metrix) of $2.27. Even excluding a better-than-expected tax rate (4.7% actual vs. our 19.4% estimate and consensus of 17.8%), Q2 EPS would have been +37 cents better than our forecast and +30 cents better than consensus. Better-than-expected G&A/ Revenues (9.6% actual vs. our 11.5% estimate and consensus of 10.6%) accounted for +23 cents of the EPS beat relative to consensus.
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By Mark Kalinowski
Published on May 27, 2020 at 12:00 AM
After yesterday’s (Tuesday’s) market close, Domino’s (DPZ; Buy, $360.16) provided a business update. Following our May 12th report in which we raised our Q2E samestore sales forecast to a sell-side high of +8.6% (it is still the high sell-side forecast as of 4 PM Eastern time yesterday, according to Consensus Metrix), Domino’s comments that its April 20-May 17 U.S. same-store sales rose by +20.9%, placing Q2-to-date (through May 17th) at +14.0%.
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