By Mark Kalinowski
Published on August 13, 2020 at 12:00 AM
In this report we examine the bull and bear cases regarding Dine Brands (DIN; Buy, $53.56). While we maintain our Buy rating on DIN — in fact, we believe there is even more reason to be bullish on DIN following its Q2 earnings release and related conference call — it is good for investors interested in DIN to be aware of the bull and bear cases surrounding the stock, no matter what our rating on the shares is.
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By Mark Kalinowski
Published on July 30, 2020 at 12:00 AM
Earlier today, Dunkin’ Brands Group (DNKN; Neutral, $71.68) reported adjusted Q2 EPS of $0.49, beating our $0.46 estimate, and matching sell-side consensus (according to Consensus Metrix) of $0.49. Relative to our model, GA&/Revenues caused the upside (18.2% actual vs. 20.0% forecasted).
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By Mark Kalinowski
Published on July 28, 2020 at 12:00 AM
After today’s market close, Starbucks (SBUX; Buy, $74.64) reported fiscal Q3 (calendar Q2) adjusted EPS of -$0.46 — better than our -$0.63 forecast and sell-side consensus (according to Consensus Metrix) of -$0.62. In its June 10th business update, Starbucks indicated it was then targeting fiscal Q3 adjusted EPS of -$0.55 to -$0.70. Fiscal Q3 EPS coming in better than the high end of the target range relates to better-than-expected June same-store sales (for example, June U.S. same-store sales down by -19%).
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