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

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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Dunkin’ Doings

Dunkin’ Brands unveiled disappointing Q1 earnings on its earnings call Thursday as same store sales in Dunkin’ were flat with ticket +3 and transactions -3. Still, they beat estimates by $.06 EPS, and exhibited a solid management tone on the call with the stock closing up 44 cents for the day. Several interesting takeaways include…

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Northeast Regional Meeting

DDIFO is looking forward to hosting its annual Northeast Regional Member Meeting on Wednesday, March 22, 2017 from 12 Noon to 3:30 PM at the Framingham Hotel and Conference Center in Framingham, Massachusetts.  The program, “A New Direction: The Outlook on Trump, the Market & Dunkin’ Brands”, will feature small business expert, author, columnist and…

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Dunkin’ Doings

Dunkin’ yesterday reported earnings ahead of expectations by $.01 per share at $.01 and revenues $1 million beyond expectations for the 4th quarter. Most restaurant stocks were up on Thursday, but Dunkin’ stock was up $2 or 4% and analyst sentiment was muted. DBI reported Dunkin’ US same store Q4 results of plus 1.9%, comprised…

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Miscellaneous

The franchise industry is expected to continue its record growth throughout 2017. According to the Franchise Business Economic Outlook for 2017 released this week by the International Franchise Association, the industry is projected to grow by $35 billion to top out at $710 billion by the year-end. Speaking of the IFA, we want to congratulate…

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Starbucks

Late yesterday, Starbucks announced that CEO Howard Schultz will step down as CEO next April to assume the role of Executive Chairman.  He will be replaced by current President & Chief Operating Officer Kevin Johnson.  Schultz has been the company’s CEO most recently since 2008, although he previously served as CEO from 1987 until 2000…

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Dunkin’ Doings

Yesterday, Dunkin’ had an orderly and well-spoken earnings call, but generally delivered disappointing news, lowering its revenue forecast for the 3rd time this year and toned down the US new store opens to the low end of the range (closer to 430 than 460).  US same store sales were +2%, due to higher ticket and…

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Dunkin’ Doings

Dunkin delivered a lukewarm Q2 earnings report yesterday. Both Dunkin’ Donuts U.S . and Baskin Robbins U.S. registered fairly flat same store sales, Dunkin’ at +.5% and Baskin at +.6%, both less than expectations. DNKN company earnings per share beat expectations by $.01 but revenues missed by $4 million. Dunkin SSS was a miss vs.…

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