THE WEEK THAT WAS, ENDING FEBRUARY 9 – EARNINGS SEASON RAMPS UP WITH SEVERAL MARKET LEADERS AND OTHERS – ONE DOWNGRADE – with relevant transcripts

Restaurant Finance Monitor
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PREVIOUSLY REPORTING:  NO RATINGS CHANGES

MAINTAINED AT NEUTRAL: PLANET FITNESS AND WENDY’S

MAINTAINED WITH POSITIVE RATINGS: TX ROADHOUSE & REST. BRANDS

COMPANIES REPORTING DURING WEEK (MCD, CMG, YUM, YUMC & RICK): lots of coverage at first three, with one ratings change (at MCD), latter two (Yum China and RCI Hospitality) not widely covered 

CHIPOTLE: No changes but 4 firms maintained at Neutral and 7 firms maintained Positively

McDONALD’S: ONE DOWNGRADE TO NEUTRAL, one firm maintained at Neutral, 7 firms maintained Positively

YUM BRANDS: No ratings changes, 2 firms maintained at Neutral, 2 firms maintained Positively

Conference call transcripts are below for all companies reporting in prior weeks with ratings changes (none),  initiations (none), or companies reporting in THE WEEK THAT WAS: (Chipotle, McDonald’s, Yum Brands, RCI Holdings, Yum China).

TRANSCRIPTS:

Chipotle Mexican Grill (CMG)

https://seekingalpha.com/article/4668032-chipotle-mexican-grill-inc-cmg-q4-2023-earnings-call-transcript

McDonald’s (MCD)

https://seekingalpha.com/article/4667570-mcdonalds-corporation-mcd-q4-2023-earnings-call-transcript

Yum Brands (YUM)

https://seekingalpha.com/article/4668254-yum-brands-inc-yum-q4-2023-earnings-call-transcript

RCI Hospitality Holdings (RICK)

https://seekingalpha.com/article/4668932-rci-hospitality-holdings-inc-rick-q1-2024-earnings-call-transcript

Yum China (YUMC)

https://seekingalpha.com/article/4668110-yum-china-holdings-inc-yumc-q4-2023-earnings-call-transcript

https://seekingalpha.com/article/4668006-yum-china-holdings-inc-2023-q4-results-earnings-call-presentation

THE WEEK TO COME: