RECENT NOTES
10/24/16 MCD | 3Q16 EARNINGS RELIEF RALLY
10/20/16 DNKN | 3Q16 EARNINGS QUICK TAKE | UNIT GROWTH CONCERNS
10/20/16 PNRA | 3Q16 SNEAK PEEK
10/18/16 DNKN | 3Q16 SNEAK PEAK
10/18/16 DPZ | QUICK TAKE | 3Q16 EARNINGS
10/17/16 MCD | 3Q16 QUARTERLY DASHBOARD
10/17/16 BWLD | DEAR SALLY: CHANGE IS REQUIRED, ARE YOU THE ONE THAN CAN GET IT DONE?
10/14/16 DFRG | QUICK TAKE | 3Q16 EARNINGS NOTE
SECTOR PERFORMANCE
Casual Dining and Quick Service stocks that we follow underperformed the XLY last week. The XLY was down -0.9%; top performers on a relative basis from casual dining were RRGB and BBRG, with performances of +7.3% and +4.8%, respectively, while DPZ and QSR led the quick service group this week up +9.2% and +6.0%, respectively.
CASUAL DINING RESTAURANTS
QUICK SERVICE RESTAURANTS
COMMODITIES
ARTICLES OF INTEREST
SBUX | STARBUCKS SELECTS CEO OF CHINA DIVISION
Starbucks has named Belinda Wong CEO of their China Division, promoting her from president. In addition to the appointment, SBUX has also announced a goal of reaching 5,000 united in China by 2021, more than doubling its store count in the region.
SHAK | SHAKE SHACK ON-THE-GO
The fast casual chain is testing a mobile ordering at its Manhattan location in New York City, in an effort to enter the mobile order and pay space. For now, only iPhone users are able to use the “Shack App”, and developers plan to launch the app in additional markets as soon as possible.
Please call or e-mail with any questions.
Howard Penney
Managing Director
Shayne Laidlaw
Analyst
