Rough start for restaurants stocks to earnings season


It's very early in the earnings season, but restaurant operators are 0 for 5 in meeting the Q3 estimates of analysts, observes Hedgeye.

Domino's Pizza which is considered one of the more resilient chains to consumer spending swings was the latest to swing and miss.

The sector has been tapped as one of the potential casualties from the government shutdown with family dining operators expected to take the hardest hit.

Earnings watch: CAKE, CBRL, CMG, DNKN, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SONC, WEN, BWLD, THI, BDL, BKW, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN

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Comments (1)
  • usaftv1
    , contributor
    Comments (7) | Send Message
     
    Football, Baseball, and the NHL are in full swing. The NBA is gearing up. The country is sick and tired of the ridiculousness of the politicians and chicken wing prices have moderated. BWLD should be a large benefactor of all of the above. Going to a BWLD to watch an event is great diversion, and it doesn't hurt that gas prices have come down either.
    15 Oct 2013, 01:21 PM Reply Like
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