Jun. 2, 2014, 5:37 PM
Jun. 2, 2014, 4:19 PM
- FQ1 operating income of $16.2M (+6.6% Y/Y)
- Store count of 855 (+3.3%)
- Domestic same store sales +2.3%; constant currency international same store sales -2.2%.
- Cash provided by operating activities of $13.7M ($14.4M a year ago).
- Management notes severe weather as same store sales in the Southeast fall 1.5%.
- Full year adjusted EPS guidance is cut to $0.69-$0.74 from $0.73-$0.79.
- CC at 4:30 ET
- Previously: Krispy Kreme Doughnuts EPS in-line, misses on revenue
- KKD -9% AH
Jun. 2, 2014, 4:07 PM| Comment!
Jun. 2, 2014, 11:34 AM
- Improved traffic at restaurants chains in April helped boost the Restaurant Performance Index monitored by the National Restaurant Association by 0.3% to 101.7.
- The Expectations Index, which measures the six-month outlook for operators, improved 0.2% to 102.2 to mark the highest level for the index in two years.
- Restaurant stocks: CAKE, CBRL, CMG, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SBUX, SONC, WEN, BWLD, THI, BDL, NATH, LUB, BKW, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN
Jun. 1, 2014, 5:35 PM
May. 30, 2014, 5:36 PM
May. 14, 2014, 10:48 AM
May. 6, 2014, 1:34 PM
- Restaurant chains saw sales increase at a slightly higher rate last year than sales at independent chains and concepts, according to data from GE Capital.
- The 100 largest chains saw sales grow at a rate of 3.5% vs. the industry average of 3.1%.
- Consumers spent more money per restaurant visit in 2013, but industry-wide same-store sales fell off 0.1% with traffic numbers down.
- For the 6th year in a row, sales at quick-service restaurants rose faster than sales at full-service establishments.
- Restaurant stocks: CAKE, CBRL, CMG, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SBUX, SONC, WEN, BWLD, THI, BDL, NATH, LUB, BKW, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN.
Apr. 28, 2014, 2:51 PM
- The restaurant industry is watching with interest a late push by waiters and bartenders in Seattle to drum up support against a proposed $15-per-hour minimum wage law in the state.
- The group fears a minimum wage law hike will significantly lower the level of tips servers receive from customers.
- The big picture: The potential for minimum wage increases - either on a federal level or state by state - has been a hot topic in dissecting restaurant stocks. Some analysts see a significant bottom line pinch as companies have a difficult time passing on the extra costs to consumers in the form of higher prices.
- Related stocks: CAKE, CBRL, CMG, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SBUX, SONC, WEN, BWLD, THI, BDL, NATH, LUB, BKW, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN.
Apr. 2, 2014, 1:17 PM
- The National Retail Federation wants Congress to pass the bipartisan Save American Workers Act to amend the Affordable Care Act’s definition of full-time employment from 30 hours per week to 40 hours a week.
- The measure could have important consequences for the restaurant industry.
- Restaurant stocks: CAKE, CBRL, CMG, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, SONC, WEN, THI, BKW, CHUY, BLMN, PZZA, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN
Mar. 31, 2014, 1:40 PM
- The National Restaurant Association's Restaurant Performance Index stood above 100 for the 12th straight month after ending February at 100.5.
- The index dropped 20 bps from the level seen in January. On a year-over-year comparison, the index was 0.6% higher.
- "Looking forward, operators are generally optimistic about sales gains in the months ahead, although they aren’t as bullish about the overall economy," notes the industry association.
- Related stocks: CAKE, CBRL, CMG, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SBUX, SONC, WEN, BWLD, THI, BDL, NATH, BKW, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN.
Mar. 13, 2014, 9:17 AM
Mar. 12, 2014, 5:40 PM
Mar. 12, 2014, 4:37 PM
- Though it missed FQ4 estimates, Krispy Kreme (KKD) is guiding for FY15 (ends Jan. '15) EPS of $0.73-$0.79 vs. a $0.76 consensus.
- The company also forecasts a 10% FY15 store count increase (driven heavily by international franchisee openings), says it aims to "achieve modest organic same store sales growth in its Company shops." A majority of new domestic shops will leverage the company's new free-standing factory shop format.
- Krispy Kreme is upping the size of its buyback authorization by $30M to $80M. $50M is remaining following $9.3M worth of buybacks in FQ4.
- Same-store sales rose 1.6% Y/Y in FQ4 at company stores, down from 3.7% in FQ3. Domestic franchise same-store sales +6.2% vs. +10.7%, international franchisees -3.4% vs. -3.1%. Krispy Kreme blames the international drop on "honeymoon effects" for new store openings, and "cannibalization as markets develop."
- Company stores revenue -9% Y/Y to $74.3M, external supply chain revenue +5% to $28.4M. Franchise revenue rose slightly to $10M.
- Krispy Kreme plans to change its same-store sales methodology. Stores will only be counted after 18 months of operation, up from a current 13.
- FQ4 results, PR
Mar. 12, 2014, 4:10 PM| 7 Comments
Mar. 12, 2014, 12:10 AM
KKD vs. ETF Alternatives
Krispy Kreme Doughnuts Inc is a branded retailer and wholesaler of doughnuts, complementary beverages and treats and packaged sweets. The Companys shops are operated under the trademark doughnuts such as Krispy Kreme and Original Glazed.
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