THE WEEK THAT WAS, ENDING August 1st – 9 companies report, SHAK and SBUX get hit, WING flies - 25 companies report next week – with relevant conference call transcripts

REPORTED IN PRIOR WEEKS (below): No ratings changes

Maintained with Neutral Ratings: TX Roadhouse, Wendy’s (twice).

Maintained with Positive ratings: Sweetgreen, Valvoline, First Watch.

Reporting companies in past week were: Starbucks, Cheesecake Factory, Luckin Coffee, Wingstop, Shake Shack, Bj’s, El Pollo Loco, FAT Brands, Twin Hospitality – no ratings changes, though Starbucks and BJ’s come down, Shake Shack comes down big and Wingstop goes up big.

Shake Shack maintained: 2 firms Neutral, 2 Positive.

Wingstop maintained: 1 firm Neutral, 7 Positive.

Starbucks maintained: 5 firms Neutral, 7 Positive.

Cheesecake Factory maintained: 1 firm Negative, 2 firms Neutral.

BJ’s Restaurants maintained: 1 firm Neutral

Conference call transcripts are below for all companies reporting in prior weeks with ratings change in THE WEEK THAT WAS: (none) Initiations (none), or companies reporting::(Starbucks, Cheesecake Factory, Luckin Coffee, Wingstop, Shake Shack, Bj’s, El Pollo Loco, FAT Brands & Twin Hospitality – transcripts not yet available)

Starbucks Corporation (SBUX)

Starbucks Corporation (SBUX) Q3 2025 Earnings Call Transcript _ Seeking Alpha

The Cheesecake Factory (CAKE)

The Cheesecake Factory Incorporated (CAKE) Q2 2025 Earnings Call Transcript _ Seeking Alpha

The Cheesecake Factory Incorporated 2025 Q2 – Results – Earnings Call Presentation (NASDAQ _ CAKE

Luckin Coffee Inc. (LKNCY)

Luckin Coffee Inc. (LKNCY) Q2 2025 Earnings Call Transcript _ Seeking Alpha

Luckin Coffee Inc. 2025 Q2 – Results – Earnings Call Presentation (OTCMKTS _ LKNCY) _ Seeking Alpha

Wingstop Inc. (WING)

Wingstop Inc. (WING) Q2 2025 Earnings Call Transcript _ Seeking Alpha

Shake Shack Inc. (SHAK)

Shake Shack Inc. (SHAK) Q2 2025 Earnings Call Transcript _ Seeking Alpha