PREVIOUSLY REPORTING:
YUM BRANDS HAD TWO UPGRADES AND ONE DOWNGRADE
FIRST WATCH HAD ONE DOWNGRADE
McDONALD’S HAD ONE DOWNGRADE
PAPA JOHN’S HAD TWO DOWNGRADES
XPONENTIAL FITNESS HAD ONE DOWNGRADE
YUM CHINA HAD ONE DOWNGRADE
WENDY’S HAD ONE DOWNGRADE
OTHERWISE:
Brinker: maintained once neutral and once positively
Chipotle: maintained three times positively
First Watch: maintained once at overweight
McDonalds: maintained once at neutral
Darden: maintained twice positively
BJ’s: maintained once positively and once negatively
Bloomin’ Brands: maintained twice positively
Dutch Bros: maintained once neutral
Denny’s, Dine Brands, Sweetgreen, Shake Shake, Restaurant Brands, Jack in the Box: all maintained once positively
COMPANIES REPORTING DURING WEEK – NOBODY REPORTING IN SHORT WEEK BETWEEN CHRISTMAS AND NEW YEARS.
Conference call transcripts are below for all companies reporting in prior weeks with ratings changes (Yum Brands, First Watch, McDonald’s, Papa John’s, Xponential Fitness, Yum China, Wendy’s), initiations (none), or companies reporting in THE WEEK THAT WAS: (none).
TRANSCRIPTS BELOW:
Yum Brands (YUM)
https://seekingalpha.com/article/4645845-yum-brands-inc-yum-q3-2023-earnings-call-transcript
First Watch (FWRG)
McDonald’s (MCD)
https://seekingalpha.com/article/4656663-mcdonalds-corporation-mcd-2023-investor-update-transcript
Papa John’s (PZZA)
Xponential Fitness (XPOF)
Yum China (YUMC)
Wendy’s (WEN)
https://seekingalpha.com/article/4646468-wendys-company-wen-q3-2023-earnings-call-transcript
https://seekingalpha.com/article/4646731-wendys-company-2023-q3-results-earnings-call-presentation
THE WEEK TO COME: ICR Conference, in Orlando. Restaurants and Retailers are presenting to a crowd of thousands. We will be learning what we can for the benefit of our readers.
Y ROCKY MOUNTAIN CHOCOLATE FACTORY EXPECTED TO REPORT, AFTER MARKET CLOSE ON THURDAY 1/11.