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’ 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

DD is 49th most popular brand with generation Z – here Generation Z is comprised of people born after 1997, and Business Insider has identified the top 100 brands of this new generation. Generally speaking, they are loyal to companies that are healthy, socially-conscious and technologically connected. And on another note, to kick off the…

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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

Miller Pulse also released its quarterly report on restaurant sales this week, and generally speaking, it was pretty good news all around. Same store sales among quick service restaurants and casual-dining chains were both up 1.4 % over the 2017 Q2 results. Further, although traffic was down 1% overall, it was still an improvement over…

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Miscellaneous

Business confidence remains high through June according to the latest survey from the National Federation of Independent Business (NFIB) released earlier this month. For the 16th consecutive month, independent businesses have been optimistic in their outlook on the American economy. In fact, the June report shows the 2nd highest level of confidence since NFIB began…

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Miscellaneous

Another interesting survey was released this week, the annual survey by the Gallup Organization to measure how proud Americans are of their country. It seems the great political divide is definitely real as only 32% of Democrats were “extremely proud” of their country, and 42% of those identifying as independent, but 74% of Republicans placed…

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Competitor News

Starbucks, making more than its share news of late – Chairman Howard Schultz announced his departure from the company, and then opening their restrooms to the public in the wake of the Philadelphia debacle – this week announced that it expects comparable sales to rise just 1% globally for the current quarter and would therefore…

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Miscellaneous

Although I don’t think it will really surprise many people, recent data indicates that the states of New York and Illinois are losing the most population in the country, followed by California, New Jersey and Connecticut. At the other end of the spectrum, Florida is enjoying the greatest influx of new residents followed by Texas…

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