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THE HEDGEYE BREAKFAST MONITOR

MACRO NOTES

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.

SUBSECTOR PERFORMANCE

THE HBM: MCD, GMCR, BKC, RT - subsector fbr

QUICK SERVICE

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).

THE HBM: MCD, GMCR, BKC, RT - new bkc burger

CASUAL DINING

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.

THE HBM: MCD, GMCR, BKC, RT - stocks 1025

Howard Penney

Managing Director

Rory Green

Analyst