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  • Today - Tuesday, October 21, 2014

  • 10:51 AM
    • McDonald's (MCD -0.4%) warns global same-store sales are likely to be negative in October as the same headwinds in Q3 remain lingering into Q4.
    • The restaurant chain faces an erosion of sales growth for different reasons in Asia (safety), the U.S. (quality), and Russia (government intervention).
    • If there's one common theme coming from restaurant analysts today, it's the concern over the difficulty the chain is having connecting with millennials.
    • The group, which includes teenagers and young adults, tends to dine out less and show a clear preference for what they see as the higher quality options at Chipotle or Starbucks.
    • Previous: MCD Q3 earnings, highlights.
    | 3 Comments
  • 10:21 AM
    • Canadian Pacific Railway (CP +3%) reports freight revenue increased 9% Y/Y to $1.629B during Q3.
    • Total carload volume up 2% to 687M.
    • Freight revenue per carload +7% to $2,372.
    • Operating expenses +4% to $1.049B.
    | Comment!
  • 10:14 AM
    • V.F. Corp (VFC +3%) trades higher a day after reporting Q3 results.
    • During the firm's earnings call yesterday, management issued positive comments over V.F.'s growth track.
    • A mid-single-digit comp is expected in brick-and-mortar stores which will add to e-commerce and the new stores that are set to be rolled out.
    • On global acquisitions: "We are always looking globally for strategic acquisition opportunities. So what’s not lost on us the fact that a strengthening dollar would help us..."
    • Earnings call transcript
    | Comment!
  • 9:55 AM
    • Ford (F +0.2%) cuts the price of its Focus Electric model by $6K to $29,995 in an effort to increase demand.
    • The automaker has only sold about 1,500 Focus Electric units this year through the end of September.
    • The model competes in the same price range as the Honda Fit, Chevrolet Spark, and Fiat 500e.
    | 1 Comment
  • 9:44 AM
    • Execs with Chipotle (CMG -4.2%) say they see adding 190 to 205 restaurants next year as a "sensible" growth rate, but decline to give store count guidance beyond 2015.
    • Comp sales growth of close to 20% was achieved mainly through traffic increases (not pricing). Chipotle's comp gain would have been slightly higher if not for a customer trade down from steak to chicken during the quarter.
    • No surprise, but the company warns the sizzling comp growth numbers are likely to fall back as the company laps quarters which included price hikes.
    • The company says it plans to open a small number of grocery restaurants in 2015.
    • Though checkout speed has been impressive for Chipotle compared to peers, management still sees room for improvement. The average restaurant turns over just a third of the high end mark of 350 transactions per hour.
    • There's no plans to roll out Apple Pay capabilities at stores.
    • Earnings call transcript
    | Comment!
  • 9:29 AM
    • Redbook Chain Store Sales: +4.1% Y/Y vs. +3.8% last week.
    • The report notes that Halloween this year falls on a Friday which should give a boost to last minute holiday shopping although so far, this month is tracking flat to September.
    • ETFs: PBJ, IYK, PEJ, IYC, SCC, UCC, UGE, SZK
    | Comment!
  • 9:23 AM
    • Shares of Harley-Davidson (NYSE:HOG) take off in early trading after the company tops earnings estimates with its Q3 report.
    • Shipping order activity looked strong for Harley, while it only saw a small slip in gross margin rate during the quarter.
    • HOG +8.0% premarket to $63.03.
    | Comment!
  • 9:18 AM
    • Kimberly-Clark (NYSE:KMB) announces it will restructure itself in order to improve efficiency following the spinoff of its health care operation.
    • The company's workforce will be reduced by 1,100 to 1,300 employees.
    • Total costs for the restructuring are pegged at $130M-$160M.
    • The action is expected to deliver pre-tax savings of $120M-$140M by the end of 2017.
    • Previous: Q3 results, highlights.
    • KMB +0.9% premarket.
    | Comment!
  • 9:11 AM
    • Kimberly-Clark (NYSE:KMB) reports organic sales 4% in Q3 with all segments showing a volume gain.
    • Segment revenue growth: Personal care +3.9% to $2.475B, Consumer Tissue +4.4% to $1.697B, K-C Professional +3.6% to $873M, Health Care -2.7% to $392M.
    • Guidance: The company sets its outlook for FY14 EPS at $5.93-$6.03 vs. $6.00-$6.15 prior and $6.06 consensus.
    • KMB +0.9% premarket
    | 1 Comment
  • 9:01 AM
    • Shares of Coca-Cola (NYSE:KO) decline in early trading after the company shows a year-over-year slide in profit during Q3.
    • Volume growth in key regions was underwhelming for the soda seller.
    • A warning from the company on missing a long-term profit growth forecast this year and next is also factoring in.
    • KO -4.8% premarket to $41.25.
    | 6 Comments
  • 8:34 AM
    • Apollo Group (NASDAQ:APOL) reports University of Phoenix degreed enrollment fell 13.2% to 233.5K in Q3.
    • New degreed enrollment was 5.9% lower than a year ago at 38,600.
    • Marketing expenses -8.9% to $148.65M.
    | Comment!
  • 8:27 AM
    • Raymond James downgrades Rent-A-Center (NASDAQ:RCII) to a Market Perform rating from Outperform.
    • RCII -1.8% premarket.
    | Comment!
  • 8:18 AM
    • McDonald's (NYSE:MCD) reports global comparable-store sales declined 3.3% in Q3.
    • Traffic dips were an issue across segments, while the meat supplier issue in China led to a 9.9% tailoff in comps in the APMEA region.
    • The company says "sustained competitive activity" contributed to the 3.3% drop in U.S. comps. Operating income during the quarter dropped 10% as McDonald's tried to pull different levers to get consumers in the doors.
    • MCD -1.9% premarket.
    | 2 Comments
  • 8:13 AM
    • ICSC Retail Store Sales: +2.1% Y/Y vs. +3.8% last week.
    • -0.3% W/W vs. -0.7% last week.
    • Last week's growth rates are the lowest since May. However, the reports cites strength in electronic and apparel stores based on low gasoline prices, a positive outlook for holiday spending.
    • ETFs: PBJ, IYK, PEJ, IYC, SCC, UCC, UGE, SZK
    | Comment!
  • 8:07 AM
    • Intercontinental Hotels Group (NYSE:IHG) discloses comparable REVPAR growth of 7.0%.
    • REVPAR by region: Americas +8.4%, Europe +6.1%, Asia/Middle East/Africa +4.4%, Greater China +0.8%.
    • The company says its hotel pipeline stands at 1,198 hotels with 45% under construction and 90% located in priority locations.
    | Comment!
  • 8:02 AM
    • McDonald's (NYSE:MCD): Q3 EPS of $1.51 beats by $0.13.
    • Revenue of $6.98B (-4.6% Y/Y) misses by $210M.
    • Shares -2.28% PM.
    • Press Release
    | 2 Comments
  • 8:00 AM
    • Brinker International (NYSE:EAT) reports system-wide comparable restaurant sales rose 1.9% in FQ1.
    • Comp growth by brand: Chili's company-owned +2.6% Maggiano's +0.6%, Chili's franchise +1.0%.
    • Restaurant labor costs +3.9% to $227.28M.
    • Store count +12 to 1,622.
    | Comment!
  • 7:55 AM
    • Sonic Automotive (NYSE:SAH) reports new retail revenue rose 7.6% to $93.1M in Q3.
    • Pre-owned revenue +4.2% to $23.7M.
    • Total new retail units +6.5% to 36,301.
    • Operating margin -20 bps to 2.4%.
    • SG&A expense ratio +180 bps to 79.1%.
    | Comment!
  • 7:54 AM
    | Comment!
  • 7:53 AM
    • Coca-Cola (NYSE:KO): Q3 EPS of $0.53 in-line.
    • Revenue of $11.98B (-1.2% Y/Y) misses by $140M.
    • Shares -3% PM.
    • Press Release
    | 5 Comments
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