SBUX (Post-Call) +6% U.S. Comps & No Spicy Chicken Sandwich Inconceivable

By Mark Kalinowski Published on October 30, 2019 at 12:00 AM

After today’s market close, Starbucks (SBUX; Buy) reported fiscal Q4 adjusted EPS of $0.70, matching our $0.70 forecast and sell-side consensus (according to Consensus Metrix) of $0.70.

SBUX Lowering Estimates as Starbucks Talks Tax Rate Share Repurchases China

By Mark Kalinowski Published on September 4, 2019 at 12:00 AM

Earlier today at a competitor conference, Starbucks (SBUX; Buy) made comments regarding the outlook for its tax rate, share-repurchase activity, and its China-related growth that cause us to update our model.

PZZA Every Long Journey Begins with the First Steps

By Mark Kalinowski Published on May 7, 2019 at 12:00 AM

After Tuesday’s market close, Papa John’s (PZZA; Buy) reported adjusted Q1 EPS of $0.31, surpassing our $0.24 estimate and sell-side consensus (according to Consensus Metrix) of $0.24. We attribute the earnings outperformance primarily to better-than-expected Domestic Company-Owned Restaurant Expenses/Domestic Company-Owned Restaurant Sales (33.4% actual vs. 35.5% projected).