THE WEEK THAT WAS: ENDING 8/19 – ONE UPGRADE AND TWO DOWNGRADES FROM PRIOR REPORTS, LOTS OF ACTION IN RESPONSE TO KRISPY KREME’S  (DISAPPOINTING) REPORT

Ratings Changes:

Regarding companies previously reporting, MARK KALINOWSKI upgrades McDONALD’S to BUY, RICHARD CATHCART downgrades YUM BRANDS to HOLD, ERIC GONZALEZ downgrades BRINKER to SECTOR WEIGHT.

Regarding companies that reported this week, in the wake of  disappointing KRISPY KREME earnings and guidance, DAVID PALMER downgrades to IN-LINE and SORABH DAGA downgrades to HOLD.

Conference call transcripts are below for all companies reporting in prior weeks with ratings changes (MCD, YUM, and EAT) and all companies that reported last week (ARKR and DNUT)

CONFERENCE CALL TRANSCRIPTS:

McDonald’s (MCD)

https://seekingalpha.com/article/4525838-mcdonalds-corporation-mcd-ceo-chris-kempczinski-on-q2-2022-results-earnings-call-transcript

Yum Brands (YUM)

https://seekingalpha.com/article/4529167-yum-brands-inc-yum-ceo-david-gibbs-on-q2-2022-results-earnings-call-transcript

Brinker International (EAT)

https://seekingalpha.com/article/4506943-brinker-international-inc-eat-ceo-wyman-roberts-on-q3-2022-results-earnings-call-transcript

Ark Restaurants (ARKR)

https://seekingalpha.com/article/4535054-ark-restaurants-corp-s-arkr-ceo-michael-weinstein-on-q3-2022-results-earnings-call-transcript

Krispy Kreme (DNUT)

https://seekingalpha.com/article/4535233-krispy-kreme-inc-dnut-ceo-mike-tattersfield-on-q2-2022-results-earnings-call-transcript?

THE WEEK TO COME: only BRINKER reports, before the market opens on 8/24

https://investors.brinker.com/events/event-details/q4-2022-brinker-international-earnings-conference-call