The Golden Arches showed its continuing global strength last week with the release of almost perfect Q3 earnings. Global same-store sales were up 9.5%, with US SSS up 6.1%. The average ticket was largely responsible for driving much of the gain, but customer traffic was positive as well. In the U.S., the power of targeted…
Read More »Speaking of the Golden Arches, McDonalds held its Q3 earnings call this week and reported strong Q3 sales and earnings, especially in the US. US same store sales were up 14.9% vs. 2019, and 9.4% against 2020. All dayparts–breakfast, lunch and dinner were positive in same store sales with breakfast and dinner up plus 10%.…
Read More »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.…
Read More »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 $3 or 4.2% at the close. The top news announced…
Read More »All would agree it has been a very long 3 months for small business owners across the country – certainly including Dunkin’ franchisees, but steadily, Dunkin US sales conditions are looking up. On June 3, Dunkin’ posted a SEC update that showed US Dunkin same store sales (SSS) improving from -25% for week ending April…
Read More »In the Dunkin’ Q1 earnings call held yesterday, company executives described the positive Dunkin US and Baskin sales momentum the brand had experienced leading into mid-March, only to be knocked down by the Covid 19 impact. By early April, Dunkin US same store sales had fallen to minus 35% but has since improved to almost…
Read More »Starbucks also held an earnings call this week during which the company reported that global comparable sales fell a full 10 percent during the second fiscal quarter that ended March 29, while their average ticket was up 4% and a total net of 255 new stores opened globally. Here in the US, the COVID-19 crisis…
Read More »McDonald’s also presented Q1 earnings yesterday with a similar pattern – positive January and February US sales followed by a dramatic fall-off beginning in mid-March. The US same store sales bottomed out at -35% and improved to -25% in mid-April. Virtually all US units are open, and the drive thru sales mix rose from 67%…
Read More »Just about one month ago, the 2018 Restaurant Industry Snapshot was released showing that restaurant sales were very strong throughout all of 2018. Same store sales grew by a full 2 percent in December, marking it the strongest monthly performance by the index in over three years. On an annual basis, 2018 same store sales…
Read More »Dunkin’ held its Q4 earnings call yesterday and reported earnings above expectations ($.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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