THE HEDGEYE BREAKFAST MONITOR
The ICSC chain store sales index fell 0.8% last week; year-over-year growth tumbled to 2.4%, its weakest performance since June. The result was disappointing given favorably cool weather and a declining gas prices.
MCD: McDonald’s was reiterated “Buy” at Barclays Capital.
GMCR: Green Mountain Coffee Roasters was maintained “Buy” at Canaccord Genuity.
BKC: Burger King has a new burger and it looks like BK is trying to take on the "gourmet" burger chains. At participating restaurants, customers can try the 5.5oz offering (pictured below).
RT: Ruby Tuesday is entrusting Durham, N.C.-based McKinney with creative duties. The switch is the second change for the fast casual chain in the past six months.