DPZ Adjusting Our Q4E International SameStore Sales Forecast

By Mark Kalinowski Published on November 18, 2018 at 12:00 AM

For Domino’s (DPZ; Buy), we lower our Q4E same-store sales forecast by 100 basis points, to +3.5%. This places us 80 basis points below sell-side consensus, and also ties us for the low sell-side projection, according to Consensus Metrix data. (FYI, our below-consensus Q4E EPS estimate remains unchanged at $2.64.)

WEN (Pre-Call) Q3 Same-Store Sales a Little Frosty

By Mark Kalinowski Published on November 6, 2018 at 12:00 AM

After today’s market close, Wendy’s (WEN; Neutral) reported adjusted Q3 EPS of $0.17, above our $0.15 forecast and the sell-side consensus (as measured by Consensus Metrix) of $0.15. We attribute the EPS beat to a lower-than-expected adjusted tax rate (15.0% vs. our 24.0% forecast and consensus of 23.7%).