DNKN (Post-Call) Espresso-Charged SameStore Sales in Q1
Earlier today, Dunkin’ Brands Group (DNKN; Neutral) reported first-quarter adjusted EPS of $0.67, five cents above our $0.62 forecast and consensus of $0.62.
Earlier today, Dunkin’ Brands Group (DNKN; Neutral) reported first-quarter adjusted EPS of $0.67, five cents above our $0.62 forecast and consensus of $0.62.
Earlier today, Dine Brands (DIN; Buy) reported Q1 adjusted EPS of $1.90, ahead of our $1.80 forecast and above sell-side consensus of $1.82.
Earlier today, McDonald’s (MCD; Buy) reported its Q1 EPS of $1.72, above our $1.71 forecast, but below the sell-side consensus of $1.75. But the real story is that U.S. same-store sales rose by an unexpectedly robust +4.5%, easily surpassing our above-consensus +3.2% projection. McDonald’s attributes the strong showing to “successful promotions, including the Bacon Event, the 2 for $5 Mix and Match deal, and Donut Sticks, as well as a net positive impact from our Experience of the Future deployment.” On this latter front, management noted on today’s conference call that this is the first time ever that it can make this statement. We look for this effect to continue in coming quarters.