Dunkin’ Doings

We expect that most have by now seen the reports this week of Dunkin’ terminating the franchise agreement for some 12 stores in Pennsylvania and Delaware. According to the filings, it is alleged that the franchise owners violated federal laws relating I-9 reporting requirements as well as not utilizing the federal E-Verify system as required…

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Miscellaneous

“Compensation envy” hit fever pitch this week as the AFL-CIO released its 2018 Executive Paywatch report, which analyzes the pay ratio between CEOs and their median employee. The report claims that on average, CEOs of S&P 500 companies received $14.5 million in total compensation, 287 times that of their median worker. Notwithstanding, The Conference Board…

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The Impact of Minimum Wage Hikes

It has long been a subject for debate whether an increase in the minimum wage has a negative impact on local economies, but in response to 43 state and local minimum wage hikes over the past several years compiled by the Employment Policies Institute, business owners from across the country have reported that they have…

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Miscellaneous

According to a new Gallup poll just released last week, Americans’ economic confidence is currently the highest it has been in the past 18 years. Gallup reports that 54% of Americans believe the current economy is “excellent” or “good,” with 57 percent expecting the economy to continue improving. More than two-thirds of Americans believe now…

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Wages on the Rise

Pay levels for the average American worker have improved over the past year through June according to the Wall Street Journal.  The paper reported this week on the Employment-Cost Index, a regular report of the Department of Labor Bureau of Labor Statistics (BLS) that measures wages and salaries plus benefits. The Index for June 2018…

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Miscellaneous

For 15 years, the state of Delaware has been annually rated the undisputed champion as relates the legal climate for businesses, but its reign has apparently come to an abrupt halt. According to the Lawsuit Climate Survey by the US Chamber of Commerce Institute of Legal for Legal Reform, released earlier this week, South Dakota…

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The Soda Can Con Continues

There was more info coming out this past week on the Philadelphia soda tax and the havoc it is reaping on the local economy in the City of Brotherly Love. The Tax Foundation released a detailed report one week ago on the Impact of the soda tax and how the tax was failing to achieve…

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Miscellaneous

Elsewhere in this issue, we referenced a recent report by wallethub.com identifying the Best and Worst Run Cities across the nation. For those who didn’t read that far on Philadelphia, you may want to check out their results. Washington DC took 1st place as the worst of the lot, followed by Detroit, New York 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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Finance & Development Conference Takeaways

DDIFO Restaurant Analyst John Gordon had the opportunity to attend the recent conference and provides us with some of his observations, going beyond the headlines and the spin from earnings calls. Overall, restaurant market share has been stagnant for years, but: Restaurant sales are flat-to-up marginally but traffic is still down from the 2007 pre-recession…

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