Monday Mashup: WEN, CMG, DNKN, YUM, BWLD

Recent Notes

01/26/15 Monday Mashup: EAT, SONC and More

01/27/15 Shorting the White Space Opportunity

01/28/15 Changes in Latitude, Changes in Attitude

01/29/15 MCD: A New Beginning

01/29/15 EAT: Tough Crowd

Events This Week

Tuesday, February 3^rd

• WEN earnings call 8:30am EST
• CMG earnings call 4:30pm EST

Wednesday, February 4^th

• GMCR earnings call 5:00pm EST

Thursday, February 5^th

• DNKN earnings call 8:00am EST
• YUM earnings call 9:15am EST
• BWLD earnings call 5:00pm EST

Chart of the Day

Recent News Flow

Monday, January 26^th

• WEN introduced its newest LTO, the new Bacon and Blue on Brioche, which features “a blue cheese herb aioli topped with spring mix and three strips of freshly cooked, thick-cut, Applewood Smoked Bacon, all served on a toasted brioche bun.”
• RRGB announced it is two weeks away from opening its newest restaurant in New Jersey.
• DNKN announced the completion of its refinancing efforts by replacing the company’s old $1.9 billion senior secured credit facility with a $2.6 billion securitized debt facility.

Tuesday, January 27^th

• BLMN announced the completion of its sale of Roy’s to United Ohana, LLC.

Wednesday, January 28^th

• QSR Tim Hortons confirmed it is laying off an unspecified number of employees, now rumored to be close to 350.
• PZZA declared a quarterly dividend of $0.14 per common share, payable February 20, 2015 to shareholders of record on February 9, 2015.
• BWLD announced the opening of its first restaurant in the Philippines.
• LOCO El Pollo Loco celebrated the opening of its newest restaurant in Katy, TX.  The restaurant is 2,900 square ft. and has seating for 70 guests.
• MCD President and CEO Don Thompson announced his retirement, effective March 1^st.  The board elected Senior Executive VP and Chief Brand Officer, Steve Easterbrook, to replace Thompson as President and CEO.

Thursday, January 29^th

• SONC declared a quarterly cash dividend of $0.09 per common share, payable February 20, 2015 to shareholders of record on February 11, 2015.
• PLKI appointed S. Kirk Kinsell to its Board of Directors.  Mr. Kinsell has devoted more than 35 years to the hospitality industry and was recently named Chief Executive Officer of Loews Hotels & Resorts.

Sector Performance

Quantitative Setup

From a quantitative perspective, the XLY remains bullish on an intermediate-term TREND duration.

Casual Dining Restaurants

Quick Service Restaurants