SBUX We’ll Hoist a Venti S’mores Frappuccino to This Improved Outlook

By Mark Kalinowski Published on April 25, 2019 at 12:00 AM

After Thursday’s market close, Starbucks (SBUX; Neutral) reported adjusted fiscal Q2 EPS of $0.60, surpassing our $0.57 forecast and the sell-side consensus (according to Consensus Metrix) of $0.56. The company also raises its target range for full-fiscal 2019 EPS to $2.75-$2.79 (from $2.68-$2.73 previously, an increase of $0.07 at the low end of the range and an increase of $0.06 at the high end of the range). Management attributes the improved outlook as follows: (1) two-thirds to an improved tax-rate outlook, and (2) one-third to a better outlook for Americas’ operating margins.

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By Mark Kalinowski Published on January 23, 2019 at 12:00 AM

Based on our data-driven checks, we upgrade the shares of Dunkin’ Brands Group (DNKN) from Neutral to Buy. Our checks regarding the fourth quarter lead us to raise our Q4E same-store sales forecast for the core Dunkin’ U.S. business by 60 basis points, to +2.1%, which according to Consensus Metrix data becomes the new sellside high. Sell-side consensus is at +1.4% as of this writing.

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Tidbits re MCD, DIN, DPZ and Luckin Coffee

By Mark Kalinowski Published on December 12, 2018 at 12:00 AM

We briefly note the following tidbits regarding McDonald’s (MCD; Buy), Dine Brands (DIN; Buy), Domino’s (DPZ; Buy), and privately-held Luckin Coffee:

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