THE WEEK THAT WAS, ENDING AUGUST 9th – NINETEEN COMPANIES REPORT - THREE RATINGS CHANGES - WORTH YOUR TIME are easily accessible relevant transcripts & presentations

PREVIOUSLY REPORTING: Only Downgrade was Cracker Barrel, Buy to Hold

Otherwise:

Cheesecake maintained at Underweight

Maintained in Neutral Positions: Starbucks, Wendy’s, Exponential Fitness

COMPANIES REPORTING DURING WEEK: Yum China, Yum Brands, Portillo’s, First Watch, Bloomin’ Brands, Jack in the Box, The One Group, Valvoline, Dine Brands, RCI Hospitality, Noodles, Dutch Bros, BRC Corp, Papa John’s Restaurant Brands, Krispy Kreme, Sweetgreen, Potbelly, The Joint

Only ratings changes: Dine Brands, Downgraded from Buy to Hold Yum China, Upgraded from Underperform to Over perform

Otherwise: All Maintained with….

Bloomin’ Brands – 3 firms Neutral, 1 firm Positive

BRC Corp – 2 firm Positive

Dutch Bros – 2 firms Neutral, 3 firms Positive

Dine Brands – 1 firm Neutral, 4 firms Positive

First Watch – 1 firm Neutral, 1 firm Positive

Jack in the Box – 4 firms Neutral, 4 firms Positive

Planet Fitness – 4 firms Positive

Papa John’s- 3 firms Neutral,4 firms Positive

Restaurant Brands – 3 firms Positive

Sweetgreen -1 firm Neutral,2 firms Positive

Valvoline – 2 firms Positive

Yum Brands – 1 firm Neutral, 2 firms Positive

All maintained with 1 firm Positive – Potbelly, The One Group Hospitality, Portillo’s

Transcripts are below for all companies reporting in prior weeks with ratings changes (Cracker Barrel), initiations (None), or companies reporting in THE WEEK THAT WAS (Yum China, Yum Brands, Portillo’s, First Watch, Bloomin’ Brands, Jack in the Box, The One Group, Valvoline, Dine Brands, RCI Hospitality, Noodles, Dutch Bros, BRC Corp, Papa John’s Restaurant Brands, Krispy Kreme, Sweetgreen, Potbelly, The Joint) ).

TRANSCRIPTS & PRESENTATIONS

Yum China

Yum China Holdings, Inc. (YUMC) Q2 2024 Earnings Call Transcript _ Seeking Alpha

Yum Brands

Yum! Brands, Inc. (YUM) Q2 2024 Earnings Call Transcript _ Seeking Alpha

Portillo’s

Portillo’s Inc. (PTLO) Q2 2024 Earnings Call Transcript _ Seeking Alpha

Portillo’s Inc. 2024 Q2 – Results – Earnings Call Presentation (NASDAQ _ PTLO) _ Seeking Alpha

First Watch

First Watch Restaurant Group, Inc. (FWRG) Q2 2024 Earnings Call Transcript _ Seeking Alpha

First Watch Restaurant Group, Inc. 2024 Q2 – Results – Earnings Call Presentation (NASDAQ _ FWRG) _ Seeking Alpha

Bloomin’ Brands