All posts by Roger Lipton

THE WEEK THAT WAS, ENDING MAY 26 – ONLY TWO COMPANIES REPORTED – JUST A FEW RATINGS MAINTAINED – with relevant transcripts

articles

Regarding companies previously reporting:

Texas Roadhouse and Chuy’s maintained at Hold by Stifel

Chuy’s maintained at Outperform by Wedbush

Conference call transcripts are below for all companies reporting in prior weeks with ratings changes  (None) or initiations (None), or companies reporting in THE WEEK THAT WAS (Rocky  Mountain Chocolate Factory & Red Robin).

Rocky Mountain Chocolate Factory (RMCF)

https://seekingalpha.com/article/4607105-rocky-mountain-chocolate-factory-inc-rmcf-q1-2023-earnings-call-transcript

Red Robin Gourmet Burgers (RRGB)

https://seekingalpha.com/article/4607193-red-robin-gourmet-burgers-inc-rrgb-q1-2023-earnings-call-transcript

THE WEEK TO COME:

No companies are scheduled to report.

UPDATED “COMPANY DETAILED ANALYSES” (we cover over 60 restaurant/franchising companies, for subscribers) – DINE BRANDS, YUM BRANDS, PORTILLO’S, PLANET FITNESS, SHAKE SHACK – with relevant transcripts

articles

DINE BRANDS (DIN)

https://www.liptonfinancialservices.com/2023/05/dine-brands-global-din/

YUM BRANDS (YUM)

https://www.liptonfinancialservices.com/2023/05/yum-brands/

PORTILLO’S (PTLO)

https://www.liptonfinancialservices.com/2023/05/portillos-ptlo-in-process/

PLANET FITNESS (PLNT)

https://www.liptonfinancialservices.com/2023/05/planet-fitness-inc-plnt/

SHAKE SHACK (SHAK)

https://www.liptonfinancialservices.com/2023/05/shake-shack-inc-shak/

XPONENTIAL FITNESS, INC. (XPOF)

Corporate Research, corporate research, Non-Restaurant/Franchising,

ANNUAL – per Yahoo/Finance

QUARTERLY – per Yahoo/Finance

ENTERPRISE VALUE/TTM ADJUSTED EBITDA per Lipton Financial Services

TRANSCRIPT OF EARNINGS CALL

https://seekingalpha.com/article/4601239-xponential-fitness-inc-xpof-q1-2023-earnings-call-transcript

SLIDE SHOW PRESENTATION at ICR CONFERENCE IN JANUARY ’23

https://seekingalpha.com/article/4571014-xponential-fitness-xpof-investor-presentation-slideshow

 

 

FAT Brands, Inc. (FAT)

Corporate Research, corporate research, Restaurant/Food Service,

ANNUAL – per Yahoo/Finance

QUARTERLY – per Yahoo/Finance

ENTERPRISE VALUE/TTM ADJUSTED EBITDA per Lipton Financial Services

MOST RECENT CONFERENCE CALL TRANSCRIPT

https://seekingalpha.com/article/4601698-fat-brands-inc-fat-q1-2023-earnings-call-transcript

MOST RECENT CONFERENCE CALL PRESENTATION

https://seekingalpha.com/article/4601699-fat-brands-inc-2023-q1-results-earnings-call-presentation

TEXAS ROADHOUSE (TXRH)

Corporate Research, Restaurant/Food Service,

ANNUAL – Per Yahoo/Finance

QUARTERLY – per Yahoo/Finance

ENTERPRISE VALUE/TTM ADJUSTED EBITDA – per Lipton Financial Services

PER Company Update in MAY ’23, OUTLOOK FOR CALENDAR ’23

“Comparable restaurant sales at company restaurants for the first five weeks of our second quarter of fiscal 2023 increased 8.6% compared to 2022. In addition, the Company implemented a menu price increase of approximately 2.2% in late March.”

Management reiterated the following expectations for 2023:

  • Positive comparable restaurant sales growth including the benefit of menu pricing actions;
  • 25 to 30 Texas Roadhouse and Bubba’s 33 company restaurant openings;
  • Store week growth of at least 6% including the impact of the franchise locations acquired;
  • Commodity cost inflation of 5% to 6%;
  • Wage and other labor inflation of 5% to 6%;
  • An effective income tax rate of approximately 14% excluding the impact of any legislative changes enacted; and,
  • Total capital expenditures of approximately $265 million.

MOST RECENT CONFERENCE CALL TRANSCRIPT

https://seekingalpha.com/article/4600307-texas-roadhouse-inc-txrh-q1-2023-earnings-call-transcript

 

 

 

UPDATED “COMPANY DETAILED ANALYSES” (we cover over 60 restaurant/franchising companies, for subscribers) – STARBUCKS, DRIVEN BRANDS, BRINKER, REGIS, WINGSTOP – with relevant transcripts

articles, , , , , , , , ,

STARBUCKS (SBUX)

https://www.liptonfinancialservices.com/2023/05/starbucks-updated-write-up/

DRIVEN BRANDS (DRVN)

https://www.liptonfinancialservices.com/2023/05/driven-brands-holdings-inc-drvn/

BRINKER, INT’L (EAT)

https://www.liptonfinancialservices.com/2023/05/brinker-international/

REGIS CORP (RGIS)

https://www.liptonfinancialservices.com/2023/05/regis-corporation-rgs/

WINGSTOP (WING)

https://www.liptonfinancialservices.com/2023/05/wingstop/