Dec. 13, 2013, 7:51 AM| 10 Comments
Dec. 3, 2013, 12:46 PM
Dec. 3, 2013, 9:20 AM
- Shares of Krispy Kreme (KKD) are down 16.3% in pre-market trading after the company's FQ3 results and FY15 guidance failed to live up to sky-high expectations, but Janney Capital's Mark Kalinowski reiterates a Buy rating and $30 PT. He observes "As it turns out, seven domestic franchisees grew their same-store sales by 20% or more."
- Stephens joins Janney on the defense with an Overweight rating and a raised PT to $25. The firm cited across-the-board acceleration despite the quarter's company-owned same store sales miss.
Dec. 2, 2013, 5:44 PM
Dec. 2, 2013, 4:22 PM
- Krispy Kreme (KKD) shares fall 8.6% in AH trading on the back of a one cent EPS beat and miss on the top line in FQ3. The results and subsequent reaction appear thus far to be a deja vu of FQ2, when investors who had priced shares to perfection sent them plunging following a mixed quarter.
- Comparable same store sales rose 3.7% Y/Y, the 12th consecutive quarterly increase, driven "principally by retail price increases."
- Domestic franchise revenue grew 20% to $3M, driven by higher royalties; international franchise revenue was up 3% to $6.2M for the same reason.
- Management bumped its FY2014 EPS range to $0.60-$0.63 from $0.59-$0.63 (vs. analyst consensus of $0.63). FY2015 EPS is seen at $0.71-$0.76 (below consensus of $0.77). KKD expects to open 10-15 company stores, 20-25 domestic franchises, and ~85 international franchises in FY2015.
- Conference call at 4:30 pm ET, PR
Dec. 2, 2013, 4:07 PM
Dec. 2, 2013, 2:14 PM
- National Restaurant Association's Restaurant Performance Index increased 0.7% M/M in October to track at a four-month high.
- Customer traffic improved during the month with more restaurant operators reporting a rise than a drop.
- Pricing in the restaurant sector has held up better than some other discretionary areas where promotional activity has taken over.
- Related stocks: CAKE, CBRL, CMG, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SONC, WEN, BWLD, THI, BDL, NATH, CEC, LUB, BKW, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN.
Dec. 2, 2013, 12:10 AM
Dec. 1, 2013, 5:35 PM
Nov. 22, 2013, 2:27 PM
Nov. 15, 2013, 10:53 AM
- Futures prices on Robusta coffee showed their biggest gain in 15 months as supply issues cropped up.
- Among other factors, the remnants of Typhoon Haiyan hit key regions of Vietnam with torrential rainfall.
- Robusta coffee prices are still down 22% YTD despite the recent rally.
- In general, mass-market coffee use the Robusta bean variety, while premium sellers use Arabica.
- Related stocks: SBUX via Seattle's Best, GMCR, SJM, KRFT, CBOU, JVA, KKD, NSRGY.
- Related ETFs: JO
Nov. 7, 2013, 7:20 AM
- Arabica coffee prices fell to a five-year low as the harvests in Brazil and Colombia continue to come in bountiful.
- The price on a December Arabica contract fell to $1.031 to mark the lowest level for a most-traded contract since 2008.
- Related stocks: SBUX, GMCR, SJM, KRFT, CBOU, JVA, KKD.
- Related ETFS: JO
Oct. 18, 2013, 3:18 PM
- Restaurant analysts think fast-food chains might be going too far with limited time offerings as consumer interest shows signs of sagging.
- Though particular items such as the Starbucks Pumpkin Latte, Wendy's Pretzel Bacon Cheeseburger, and the timeless McRibs offering from McDonald's are profit drivers, the majority of offerings aren't working.
- Not even the high-profile chicken wing test by McDonald's is moving the meter as consumers find the high prices don't offset the novelty, reports Burger Business.
- Related stocks: DNKN, JACK, SONC, WEN, BKW, KKD, MCD.
Oct. 15, 2013, 8:09 AM
- 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
Oct. 8, 2013, 7:48 AM| 1 Comment
Oct. 4, 2013, 10:27 AM
- Shares of Krispy Kreme Doughnuts (KKD +4.3%) are now up a double-digit percentage over the last two days without any concrete news of note.
- Unless there is some strong correlation between government workers being idled and doughnut consumption, the best bet is that Krispy Kreme may be working its way back into a status as a momentum favorite with traders.
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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