THE HBM: DNKN, MCD

THE HEDGEYE BREAKFAST MONITOR

 

MACRO NOTES

 

Retail sales less autos and gas for October came in better-than-expected at +0.7% month-over-month.  Consensus was expecting a +0.2% increase from September.

 

Soft employment trends among young males are causing QSR chains to rethink their marketing strategies (link).

 

 

SUBSECTOR PERFORMANCE

 

THE HBM: DNKN, MCD - subsector fbr

 

 

QUICK SERVICE

 

DNKN: Dunkin’ Donuts K-Cups did not fare well in a recent review on singleservecoffee.com. 

 

MCD: The McDonald’s PT was raised to $106 from $100 at Sterne Agee.  The firm also reiterates a Buy rating on the stock.

 

THE HBM: DNKN, MCD - stocks 1115

 

 

Howard Penney

Managing Director

 

Rory Green

Analyst