Today, 3:41 AM
- New rules by the FAA go into effect today, clarifying what is acceptable commercial usage of small unmanned aerial vehicles.
- Drones must weigh less than 55 pounds, fly up to a maximum of 400 feet in altitude, at a speed of no more than 100 miles per hour and can only be operated during the day.
- According to industry estimates, the rules could generate more than $82B for the U.S. economy and create more than 100K new jobs over the next decade.
- Related stocks: AMBA, AMZN, AVAV, BA, DJI, OTCQX:DRNE, DPZ, HON, INVN, IXYS, GPRO, TRMB
Tue, Aug. 16, 4:08 PM
- A major announcement from Ford that it will develop a 100% autonomous vehicle in 2021 could have far-reaching implications in a variety of sectors.
- “The first application of the fully autonomous vehicle will be commercial applications, whether it’s ride-hailing or parcel delivery,” Ford CEO Mark Fields told Recode. Companies that could be eyeing the implication of purchasing self-driving car fleets include FedEx (NYSE:FDX), Amazon (NASDAQ:AMZN), UPS (NYSE:UPS), Domino's Pizza (NYSE:DPZ), and Papa John's International (NASDAQ:PZZA).
- There's also relevance on Ford's big bet on autonomy for Avis Budget Group (NASDAQ:CAR) and Hertz (NYSE:HTZ).
- The trucking and shipping sectors (ARCB, KNX, MRTN, CGI, YRCW, HTLD, UACL, SWFT) will also be monitoring how autonomous vehicle technology fits into the future.
- Previously: Ford to produce mass market autonomous vehicle (Aug. 16)
Thu, Jul. 28, 8:53 AM
- Donald Trump said he would like to raise the federal minimum wage to $10 per hour. The surprising disclosure came at a press conference yesterday in Florida, although he seemed to walk it back a bit later in the day.
- Hillary Clinton supports a $12 per hour national level, but is open to state and cities that go higher with the minimum wage.
- A higher federal minimum wage could pressure restaurant chains operating in states where the lowest pay scale in nearer to the $7.25/hour floor.
- Related stocks: CBRL, DNKN, DPZ, JACK, MCD, RT, WEN, BOBE, TACO, RAVE, BH, PLAY, IRG, DIN, PZZA, PLKI, SONC, LOCO, FRSH, BOJA, FRGI, WING, PBPB, NATH, FRS.
- Related ETF: BITE.
Tue, Jul. 26, 10:27 AM
- A harsh view on the restaurant sector from Stifel Nicolaus is based in part on its view that a U.S. recession could occur within nine months. The note from the firm also warns on a loss of pricing power by restaurant operators.
- Early Q2 reporters Starbucks, McDonald's (MCD -3.9%), and Chipotle (CMG -1.8%) already set a negative tone for the sector by missing estimates, but Stifel's downgrade on 11 different restaurant chains is taking the gloom to a new level.
- 50 of the 55 publicly-traded restaurant stocks with a market cap of over $50M are in negative territory today. Leading decliners are Noodles (NDLS -17.7%), Chuy's Holdings (CHUY -9.3%), BJ's Restaurants (BJRI -6.2%), Sonic (SONC -3.8%), Bojangles (BOJA -3%), Dave & Buster's Entertainment (PLAY -3.6%), and Red Robin Gourmet Burgers (RRGB -7%).
- Investors are betting that pizza delivery chains won't be impacted by the general trend of sluggish traffic. Both Domino's Pizza (DPZ -0.6%) and Papa John's International (PZZA -1.7%) are up over 10% over the last few weeks.
- Previously: Restaurant stocks on watch after McDonald's miss and Stifel cuts (July 26)
- Previously: U.S. restaurant traffic down 3.5% in June (July 15)
- Related ETF: BITE.
Sat, Jul. 23, 1:08 PM
- 7-Eleven and drone delivery service upstart Flirtey announce that they have completed the first fully autonomous drone delivery to a customer's residence. The pair says the development will help advance research toward integrating drones into the National Airspace System.
- The drone delivery in the Reno area, which marked the first time a U.S. customer has received a package to their home via drone, included Slurpee drinks, a chicken sandwich, donuts, hot coffee, and candy.
- Looking ahead, the two companies have plans to expand drone delivery tests and work closely together, according to a top 7-Eleven exec.
- Drone watch: While there's some speculation on the ways that companies such as Amazon (NASDAQ:AMZN), Wal-Mart (NYSE:WMT), Walgreens Boots Alliance (NASDAQ:WBA), and Domino's Pizza (NYSE:DPZ) could use drone delivery, many industry watchers think emergency conditions (flood/forest fire/earthquake/medical) or niche situations (oil rigs/barrier islands/inaccessible roads) are the most likely scenarios for widespread drone action. Earlier this year, an article in the MIT Technology Review speculated that an intermediary dropping off point out such as the local Starbucks (NASDAQ:SBUX) store could be utilized instead of working out all the problems of home delivery.
- Related (directly and tangentially) stocks: AMBA, AVAV, DJI, OTCQX:DRNE, HON, INVN, IXYS, GPRO, TRMB, FDX, UPS, TGT.
Thu, Jul. 21, 1:02 PM
- Domino's Pizza (NYSE:DPZ) is up 6% after comparable-store sales dazzle both in the U.S. (+10%) and internationally (+7%). Those marks look especially strong considering the sluggish comp growth across the restaurant sector.
- Domino's carved out a new all-time high of $146.73 in today's action.
- The pizza sector is hot across the board after a note from KeyBanc Capital Markets suggested that consumers are opting for at-home delivery over casual dining out due in part to civil unrest. Papa John's (NASDAQ:PZZA) is up 1.2% and nanocap Noble Roman's (OTCQB:NROM) is up 4.1%.
- Other pizza bets: Pizza Hut(NYSE:YUM), Pizza Inn (NASDAQ:RAVE), PizzaRev (NASDAQ:BWLD), Papa Murphy's (NASDAQ:FRSH), Pie Five (RAVE), Little Caesars (private)
Thu, Jul. 21, 9:30 AM
Thu, Jul. 21, 7:47 AM
- Domino's Pizza (NYSE:DPZ) reports domestic same-store sales rose 9.7% in Q2.
- International same-store sales increased 7.1%.
- Global retail sales expanded 11.7% (+14.3% excluding foreign currency impact).
- Revenue break-up: Domestic Company-owned stores: $97.83M (+10.2%); Domestic franchise: $69.68M (+14.5%); Supply chain: $339.26M (+12%); International franchise: $40.57M (+12.4%).
- Gross margin rate improved 20 bps to 31.4%.
- G&A expense rate dropped 10 bps to 12.4%.
- Operating margin rate grew 10 bps to 19%.
- Store count +1,011 Y/Y to 12,936.
- DPZ +3.7% premarket.
Thu, Jul. 21, 7:33 AM
Wed, Jul. 20, 5:30 PM| Wed, Jul. 20, 5:30 PM | 13 Comments
Fri, Jul. 15, 11:25 AM
- The restaurant sector continues to face pressure in generating traffic and with labor costs rising, but commodity prices are working in its favor as of late.
- The slide in prices in Q2 was 64% on eggs, 20% for dairy, 15% for beef, 12% for cheese, and 11% for chicken, according to analysis from Evercore.
- "Commodities continue to benefit margins with the breakfast (restaurant) day-part benefiting the most," noted Evercore analyst Matt McGinley earlier this week.
- While each company hedges commodity costs differently, the general trend of lower costs is favorable for a host of chains - including Denny's (NASDAQ:DENN), Starbucks (NASDAQ:SBUX), Dunkin' Donuts (NASDAQ:DNKN), Domino's Pizza (NYSE:DPZ), Cheesecake Factory (NASDAQ:CAKE), Panera Bread (NASDAQ:PNRA), IHOP (NYSE:DIN), Wingstop (NASDAQ:WING), Bojangles (NASDAQ:BOJA), Kripsy Kreme Doughnuts (NYSE:KKD), and Steak 'n Shake (NYSE:BH).
- Related ETF: BITE.
Mon, Jul. 11, 7:27 AM
Fri, Jul. 8, 8:52 AM
- Canaccord Genuity warns on a sluggish environment in the restaurant industry during June.
- Channel checks show a decline in sales and traffic which is believed to be due in part to a heightened sense caution from consumers and uptick in gas prices.
- Canaccord estimates that U.S. restaurant same-store sales fell 2.0% to 2.5% in June.
- Restaurant stocks: CAKE, CBRL, DNKN, DPZ, DRI, EAT, JACK, MCD, RRGB, RT, SONC, WEN, BWLD, BDL, QSR, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN, HABT, NDLS, BOJA, PBPB, PLKI, FRSH, RAVE, LOCO, TACO, PZZA, KONA, BGR, BJRI, CHUY, FRS, CBRL, GTIM, TAST,WING, BOJA, ZOES, PLAY, FOGO, ARCO.
- Related ETF: BITE.
Tue, Jun. 21, 12:47 PM
- The Department of Transportation and the Federal Aviation Administration have issued final rules covering the use of drones in the U.S. Key points are that drones must weigh less than 55 pounds and remain within a pilot's line of sight. A maximum groundspeed of 100 mph is allowed and pilots are instructed not to fly under a covered structure. Other snippets are listed below.
- "Under the final rule, the person actually flying a drone must be at least 16 years old and have a remote pilot certificate with a small UAS rating, or be directly supervised by someone with such a certificate."
- "The TSA will conduct a security background check of all remote pilot applications prior to issuance of a certificate."
- "The FAA also will educate all commercial drone pilots on privacy during their pilot certification process; and will issue new guidance to local and state governments on drone privacy issues."
- Related (directly and tangentially) stocks: AMBA, AVAV, DJI, OTCQX:DRNE, DPZ, HON, INVN, IXYS, GPRO, TRMB, FDX, UPS, AMZN.
Mon, Jun. 20, 3:25 AM
- The FAA could unveil its first rules permitting commercial drones as early as this week, but the move is likely to spark broader demands for loosening restrictions on unmanned aircraft.
- In recent days, agency officials have said the announcement - allowing drones weighing roughly 50 pounds to fly at low altitudes only in daylight and within sight of operators - is imminent.
- Related stocks: AMBA, AVAV, DJI, OTCQX:DRNE, DPZ, HON, INVN, IXYS, GPRO, TRMB
Thu, Jun. 9, 6:28 PM
- Same-store sales at chain restaurants fell 0.3% Y/Y in May to record the third consecutive month of negative growth, according to data from Black Box Intelligence.
- Restaurant traffic was down 2.7% during the month. YTD traffic is -2.6% Y/Y.
- A weak performance in areas impacted by the downturn in the energy industry is contributing to the decline in same-store sales.
- There's also been some analysis suggesting that consumers are pushing back against menu price hikes.
- Restaurant stocks: CAKE, CBRL, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SONC, WEN, BWLD, BDL, QSR, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN, HABT, NDLS, BOJA, PBPB, PLKI, FRSH, RAVE, LOCO, TACO, PZZA, KONA, BGR, BJRI, CHUY, FRS, CBRL, GTIM, TAST,WING, BOJA, ZOES, PLAY, FOGO, ARCO.
- Related ETF: BITE.
Domino's Pizza, Inc. is a pizza delivery company, which operates a network of company-owned and franchise-owned stores in the U.S. and international markets. The company operates its business though three segments: Domestic Stores, Domestic Supply Chain and International. The Domestic Stores... More
Country: United States