THE HBM: DNKN, MCD, CBRL

10/24/11 09:19AM EDT

THE HEDGEYE BREAKFAST MONITOR

MACRO NOTES

China

China’s vast manufacturing sector expanded moderately in October to snap three months of contraction, assuaging fears that a hard landing is imminent in China.

Employment

U.S. companies’ hiring plans reflect the worst employment outlook since January 2010 as demand is slowing, according to Bloomberg news.

SUBSECTOR PERFORMANCE

THE HBM: DNKN, MCD, CBRL - subsector fbr

QUICK SERVICE

DNKN: Dunkin’ Brands has appointed Joe Uva to the Board of Directors.  Mr. Uva was most recently President and CEO of Univision Communications, Inc.

MCD: McDonald’s UK boss was interviewed in the Telegraph.  The article is positive, with the head of McDonald’s in the UK highlighting 22 consecutive quarters of UK sales growth as evidence of the company’s success.

CASUAL DINING

CBRL: Cracker Barrel’s biggest shareholder, Biglari Holdings, has boosted its stake to 9.9%

THE HBM: DNKN, MCD, CBRL - stocks 1024

Howard Penney

Managing Director

Rory Green

Analyst

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.