Jobless Claims Jump Again Heading into Holidays

In a notice released yesterday morning, the Department of Labor Employment and Training Division reported that the number of Americans filing for unemployment benefits jumped again last week to 885,000, the highest weekly total since September. Claims were 23,000 higher than the previous week’s figures and come as COVID-19 cases continue to surge across the…

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Miscellaneous

Notwithstanding the spike in coronavirus infections that we’re seeing across the country over the past few weeks, optimism rose 12 points among small business owners for the fourth quarter of 2020 according to new polling from the Wells Fargo/Gallup Small Business Survey. The 4th quarter score of 72 is up 12 points from the prior…

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Dunkin’ Doings

This week Dunkin Brands CFO Kate Jaspon was present at the JP Morgan Consumer Conference and our DDIFO Restaurant Analyst John Gordon of Pacific Management Consulting Group reports she answered detailed questions and gave a good outline of current and future initiatives. While not detailing same-store sales numbers, she indicated consumers are out more and…

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Miscellaneous

It’s official, with October job growth numbers, US employers have added jobs to their payrolls for 109 months straight – the longest stretch of job creation the government began collecting those records in 1939! On average this year, employers have added 167,000 jobs per month! It should be no surprise then that small business optimism…

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Dunkin’ Doings

Having failed thus far to get the tax returns of President Trump released, New York Attorney General Letitia James has turned her sights on Dunkin’ Brands, filing a suit against Dunkin for not providing notices to 20,000 DD Perks members that a 2015 cyber-attack may have compromised their customer information. In addition, the NY AG…

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Competitor News

Tim Hortons sales growth missed investor expectations last week with the company reporting same store sales drop of 0.6%, down 0.3% from the prior year and blaming the drop on bad weather in Canada early in the quarter. Trying to put a shine on that sneaker, CEO Jose Cil pointed to enthusiastic guest reactions to…

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Miscellaneous

Earlier this month, the Trump administration submitted its fiscal 2020 budget to Congress and projected the US economy to continue the strong expansion it has experienced since the Tax Cuts & Jobs Act was enacted in 2017. Growth in fiscal year 2018 reached 2.9% for the year, but most economists do not see that kind…

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Dunkin’ Doings

Dunkin’ Brands released its Q2 results this week and held its first earnings call with new CEO Dave Hoffmann reporting that Dunkin’ acquired a multi-year license with CardFree, a technology “mobile wallet” platform for $100 million.  This may enable mobile and app flexibility and data capture, especially for “catering initiatives”. Brand sales and profits were largely as…

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Miscellaneous

November restaurant sales have just been reported.  The survey’s QSR segment, in which some US DD units report, posted a nationwide positive same store sales result of +.7, totally driven by average ticket gains. National traffic was -2.0%. Northeastern same store sales results improved finally, to +1.8%, Midwest was -.7%, Florida was +.2% and South…

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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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