Dunkin’ Doings

Dunkin Brands delivered Q3 earnings Thursday that pleased Wall Street with earnings beating consensus analyst estimate by $.08 while revenues missed expectations by $2.0 million. The beat in earnings was primarily due to lower tax rates. Dunkin raised guidance for the year due to the tax savings and Wall Street approved. US same store sales…

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CFA Legal Symposium

The Coalition of Franchisee Association (CFA) Legal Symposium, which will be held in Las Vegas on November 12 & 13 is rapidly approaching, but you can still attend and meet with many of the premier franchisee attorneys around the country. The symposium will be held immediately after the Restaurant Finance and Development Conference at The…

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Competitor News

Away from earnings reports and the like, there were a number of other announcements recently that we thought we would pass along to you. Gloria Jeans, the California-based specialty coffee company continues its expansion with a new franchise agreement to open 5 new stores including a kiosk in the RDU Galleria North Carolina. The company…

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Starbucks

Starbucks reported exceedingly strong Q4 earnings this week with comparable sales up 6% in the US and Rewards Membership increasing 15% year over year to a current enrollment of 17.6 million! In other recent news, Starbucks announced last week that it was investing $10 million in four community lenders to drive economic opportunity in some…

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Senate Rejects Effort to Overturn SALT Deduction Cap

Earlier this week, the Senate rejected a bid by democratic members to overturn IRS regulations prohibiting states from creating charitable funds that taxpayers can contribute to in exchange for a state tax credit. The creation of the credits was an attempt by high-tax blue states such as New York, New Jersey and California to get…

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Florida Wage Question Clearing Signature Hurdle

The effort to put a minimum wage increase to $15 on the Florida ballot has moved that much closer to reality as advocates have submitted over 763,000 valid voter signatures already. Florida For a Fair Wage, the primary sponsor of the initiative, must to collect and submit at least 766,200 voter signatures by February to…

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Target Goes To $15, Cuts Hours

Retail giant Target is just one of a host of major retailers that, with much fanfare, announced they would raise the minimum wage for all of their employees to $15/hour. Target made the announcement back in 2017, followed by a number of other big-box stores, committing to bring all employee pay up to a minimum…

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Non-Compete Ban Introduced in Senate

Well, in the current environment, the good news is that it proves democrats and republicans in the US Senate can actually work together on an issue. A week or so ago, democratic Senator Chris Murphy (D-CT) joined republican colleague Senator Todd Young (R-IN) to jointly introduce legislation to limit the use of non-compete agreements. The…

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Utah Considering New Soda Tax

I would submit one probably wasn’t too surprised by Seattle, Philadelphia and a host of California cities adopting additional taxes on sugary beverages, so-called soda taxes, but Utah?? Well, it seems that the soda tax proposal is part of an array of Tax Reform Proposals being entertained by the Tax Restructuring and Equalization Task Force…

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CFA Legal Symposium

It’s not too late though to attend the Coalition of Franchisee Association (CFA) Legal Symposium November 12 & 13 in Las Vegas. The event, which will feature many of the premier franchisee attorneys around the country, will be held immediately after the Restaurant Finance and Development Conference at The Bellagio on the Las Vegas Strip,…

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