THE HBM: DNKN, YUM, PNRA, BWLD

THE HEDGEYE BREAKFAST MONITOR

MACRO NOTES

Consumer

Initial jobless claims came in at 358k versus expectations of 370k and 373k the week prior (revised from 367k).

THE HBM: DNKN, YUM, PNRA, BWLD - initial claim

 

SUBSECTOR PERFORMANCE

THE HBM: DNKN, YUM, PNRA, BWLD - subsec

 

QUICK SERVICE

DNKN: Dunkin’ Brands U.S. comparable store sales were up 7.4% and Baskin-Robbins U.S. comparable sales were up 5.8% as the company reported 4Q EPS of $0.30 versus consensus $0.28.

YUM: Yum Brands was upgraded to Neutral from Sell at Goldman.

NOTABLE PERFORMANCE ON ACCELERATING VOLUME:

PNRA: Panera Bread declined 7.2% on accelerating volume following disappointing earnings.

CASUAL DINING

BWLD: Buffalo Wild Wings was cut to Market Perform by Raymond James.

NOTABLE PERFORMANCE ON ACCELERATING VOLUME:

BWLD: Buffalo Wild Wings led the space, gaining 17%, following much stronger than expected earnings.

THE HBM: DNKN, YUM, PNRA, BWLD - stocks

Howard Penney

Managing Director

Rory Green

Analyst