Competitor News

In contrast to the more upbeat Dunkin presentation, the Starbucks CFO. Pat Grismer, also appeared before the JP Morgan Consumer Conference. He noted their US same-store sales improved from minus 19% in June to minus 11% in August. They did not expect to get back to even in the US until sometime in early 2021.…

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Dunkin’ Earnings Report

Dunkin Brands reported Q2 earnings yesterday, beating consensus earnings by $.01, consensus revenue estimates by $12 million and was profitable at 44 cents per share. The earnings call overall was positive, but as with many restaurant stocks and the broader market, the stock was down $3 or 4.2% at the close. The top news announced…

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Dunkin’ Doings

All would agree it has been a very long 3 months for small business owners across the country – certainly including Dunkin’ franchisees, but steadily, Dunkin US sales conditions are looking up. On June 3, Dunkin’ posted a SEC update that showed US Dunkin same store sales (SSS) improving from -25% for week ending April…

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Dunkin’ Doings

In the Dunkin’ Q1 earnings call held yesterday, company executives described the positive Dunkin US and Baskin sales momentum the brand had experienced leading into mid-March, only to be knocked down by the Covid 19 impact. By early April, Dunkin US same store sales had fallen to minus 35% but has since improved to almost…

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Starbucks Earnings

Starbucks also held an earnings call this week during which the company reported that global comparable sales fell a full 10 percent during the second fiscal quarter that ended March 29, while their average ticket was up 4% and a total net of 255 new stores opened globally. Here in the US, the COVID-19 crisis…

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McDonald’s Earnings

McDonald’s also presented Q1 earnings yesterday with a similar pattern – positive January and February US sales followed by a dramatic fall-off beginning in mid-March. The US same store sales bottomed out at -35% and improved to -25% in mid-April.  Virtually all US units are open, and the drive thru sales mix rose from 67%…

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Miscellaneous

Just about one month ago, the 2018 Restaurant Industry Snapshot was released showing that restaurant sales were very strong throughout all of 2018. Same store sales grew by a full 2 percent in December, marking it the strongest monthly performance by the index in over three years. On an annual basis, 2018 same store sales…

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Dunkin’ Doings

Dunkin’ held its Q4 earnings call yesterday and reported earnings above expectations ($.06 GAAP basis) but revenue $10 million below. In addition, it delivered a much more muted expectation for 2019 in terms of both new unit growth and earnings. US net new opens stood at 106, while US same store sales were flat in…

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Miscellaneous

The ever useful QSR Magazine Drive Thru Study was published earlier this week and it bodes pretty well for Dunkin’ while identifying some areas for improvement. The one-of-a-kind study found Dunkin’ being the 2nd fastest overall of the 10 QSR Brands displayed and fastest when including presells while enjoying 90% accuracy in completing its drive-thru…

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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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