Dunkin’ Doings

Dunkin Brands had both its Q4 earnings and 2018 Investor day events this week and what emerged is a company in deep repositioning mode. Dunkin opened eyes to reveal pretty meek 2018 DD same store sales estimates (plus 1 percent for the year, Q1 was said to be “choppy”) and decreased the DD 2018 open…

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Competitor News

Starbucks had a very difficult reception on Wall Street to its sales and earnings narrative released yesterday. Q1 US same store sales was plus 2, all average ticket, and zero traffic gains from last year. They repeated a now familiar story of weak afternoon and evening business, and declining foot traffic of units inside some…

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Independent Joe #47 December 2017/January 2018

There is always a certain amount of fear and trepidation about the unknown. Think back to 1999 as we approached the turn of the millennium and the catastrophes that were forecast to accompany Y2K, as it was then known. To hear some tell it back then, computers were going to think the year was 1900,…

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2017 National Conference: Franchisees Consider How to Measure Success

Sure, the franchise world is tough, but measuring success isn’t all that complicated, according to Don Fox, chief executive of Firehouse Subs. “Growth is not an option,” Fox told Dunkin’s franchise owners gathered at the DDIFO National Conference, held this year at Foxwoods Resort Casino on Oct. 30-31. “In business as in most things in…

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Miscellaneous

In the face of serious labor shortages affecting many industries, but especially fast food establishments, the economy added 261,000 jobs in October, a good number, but still less than the 310,000 projected for the month. There was much chatter last week about JAB Holdings again looking at buying Dunkin Brands, but that chatter died down…

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Miscellaneous

McDonalds reported strong sales worldwide but missed earnings by one cent this week. In their earning report call earlier this week, the Golden Arches reported US Same Store Sales were up 4.1%, a full half point above projections. They also announced they are rolling out a national $1/2/3 platform soon, a platform they hope will…

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DDIFO National Conference

We’re just 5 weeks away now from the DDIFO National Conference at the Foxwoods Resort & Casino in Mashantucket, Connecticut and you’re going to want to register soon. The DDIFO Room Block with rooms in the Pequot Tower available for $129 single or double occupancy is filling up fast and will close on October 9.…

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Dunkin’ Doings

Our restaurant analyst, John Gordon of Pacific Management Consulting Group advised us of the following this week: Dunkin store valuations surveyed declined just a bit in the first half of 2017 versus the 2015 peak recorded, but remain at very healthy levels historically, in the 5 to 6 times EBITDA range when stated on a…

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Franchisee Independence is No Bull

They say a picture is worth a thousand words, and that age-old adage has again been proven true by the “Fearless Girl” statue now perched in seeming defiance of Wall Street’s famous “Charging Bull” statue. For those of you who might not have seen the latest, allow us to catch you up. On March 8,…

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Independent Joe #43 April/May 2017

They say a picture is worth a thousand words, and that age-old adage has again been proven true by the “Fearless Girl” statue now perched in seeming defiance of Wall Street’s famous “Charging Bull” statue. For those of you who might not have seen the latest, allow us to catch you up.

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