Dutch Bros entered Wall Street with a boom back in September when it IPO’d on the NYSE. On Monday, Dutch Bros (BROS) was initiated by five restaurant-sell side securities firms, with price targets from $47 to $60. Their core geographic base now is Oregon, Southern WA, Northern CA, and spreading now slowly into the Mountain…
Read More »After launching its IPO, Dutch Bros had its first day of trading Wednesday and enjoyed strong investor interest, closing at $37, 70% above its $23/share listed price. The company, which has 471 units in 11 states with overwhelming concentration in its home state of Oregon along with northern California, is expanding. While more than half…
Read More »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…
Read More »Throughout the course of the coronavirus pandemic and its impact on the American economy, the restaurant sector has been hard hit. Same-store sales fell 11.6% at QSRs in March on a 16.3% traffic decrease according to MillerPulse. Drive-thrus and delivery cushioned the drop, but fast-food results also fell victim to steeper slides as the month…
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…
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Before the coronavirus worsened and jeopardized the 2020 baseball season, there was much discussion about the Houston Astros and the sign-stealing scandal that may have fueled their 2017 World Series Championship. Since the scandal broke, a number of people have lost their jobs, including the Astros manager and general manager, as well as the manager…
Read More »Dunkin’ Brands held its Q4 and year-end 2019 earnings call yesterday reporting that store level operating results were fine, but missing 2020 Wall Street projections by approximately ten cents per share. Consequently, the stock closed at $75.03, down $2.13 (2.84%). Dunkin’ pointed to its co-investment of $60 million (with franchisees) in coffee brewing equipment as…
Read More »It was announced this week that JAB Holdings, the owner of a number of QSR brands and coffee brands in particular, will be combining some of those coffee brands and taking them public. Specifically, it was reported earlier this week that JAB will merge Peets Coffee with Jacobs Douwe Egberts and issue an IPO for…
Read More »A number of DDIFO leaders and members attended the 2019 Restaurant Finance and Development Conference and later the Coalition of Franchisee Associations (CFA) Legal Symposium this week in Las Vegas. At the Restaurant Finance Conference, there was much talk about franchisor and franchisee relationships, and the need to creatively cover rising labor and rent expense. Generally…
Read More »Early bird pricing is available for Dunkin’ franchise owners to attend the 2019 DDIFO National Conference at Foxwoods Resort & Casino in Connecticut on October 28 & 29, 2019. One of the exceptional panels we will present this year is Dunkin’, Its Competitors and Wall Street – A Look at Today and Tomorrow. The panel,…
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