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Log In / Register | Sep 21, 2017

Memo to McDonald's: Fix the Reporting!

It’s happened again: McDonald’s (MCD) weak same store sales results for October announced today threatened to take down the entire restaurant space stock platform.

Responsible Reporting for Burger King, DineEquity, Dunkin Brands

Over the next two weeks there will be several “pure play” restaurant franchisors that will report earnings: Dunkin Brands (DNKN), Burger King (BKW), and DineEquity (DIN). It should also be mentioned that Sonic Drive In (SONC) and Domino’s (DPZ), which are both 90% franchised, reported in last week.

Restaurant Momentum: Six Standouts

The business press and Wall Street are focusing on signals of quarter to quarter sales momentum. There is no doubt that restaurant sales momentum cooled off from late 2011 and 2012, but its far from a disaster. We have settled into a new normality that is actually closer to 2010-2011 levels.

News from Wall Street: CKE Restaurants IPO Pulled at Last Minute

Late Thursday, CKE Restaurants announced that their planned initial public offering (IPO), to return to the New York Stock Exchange, had been cancelled due to “market conditions.”

National Press Writes about Restaurant Franchising

On May 18th, the national press, both The New York Times and The Wall Street Journal, wrote about restaurant franchising. Some additional notes are warranted.

Taco Bell Sales Grow

Blue MauMau has asked me to look at Taco Bell’s U.S. sales trends, in light of its rollout of the new Doritos Locos Taco. Some have wondered on BMM if sales at Taco Bell were stagnant. After looking at the recent Taco Bell Q1 earning call, making unit visits and reviewing marketing/new product information, I observe the following about the chain's operating tempo (OPTEMPO): U.S. sales look to be up.

Sonic Drive Ins: 2010 Outlook

Sonic: Menu Mix Management Bedevils

 This week,, Sonic (SONC) reported both a profit miss, down 13% versus prior year and further decreased same

CIT Group: Non-Performing Franchisee Loan Data Needed

In looking at CITs last few earnings calls, its February 2009 investor presentation (, as well as todays (Friday, July 17) Wall Street Journal (http:on

Restaurants, Franchising and Discounting

In a June 23 New York Times Business article, Discounts Have Restaurants Eating Own Lunch, the woes of chain restaurants offering discounts—and the possible long term effect of doing so, was well outlined. The following passage caught my eye: