DPZ (Post-Call) Q2 Serves Up Hot Results Will Q3 Take Flight with Wings

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.

DNKN (Post-Call) Not Spooked by a Favorable Q3 Tax Rate

By Mark Kalinowski Published on October 31, 2019 at 12:00 AM

Earlier today, Dunkin’ Brands Group (DNKN; Neutral) reported adjusted Q3 EPS of $0.90, surpassing our $0.81 forecast and sell-side consensus (according to Consensus Metrix) of $0.81. We attribute about $0.06-$0.07 of the EPS beat to a better-than-expected adjusted tax rate (21.9% actual vs. 27.7% forecasted and 27.8% consensus).

Q3 2018 Same-Store Sales Ranked for 49 Public Restaurant Chains

By Mark Kalinowski Published on December 19, 2018 at 12:00 AM

With Darden Restaurants (DRI; Not Rated) recently reporting its fiscal Q2 2019 (calendar September-November 2018) results, we now have same-store sales results publicly reported from all 49 restaurant concepts for calendar Q3 (July-September) 2018 that comprise our Kalinowski Restaurant Industry Index. This report ranks all 49 concepts’ calendar Q3 2018 domestic same-store sales from best to worst.