ANNUAL – per Yahoo/Finance
QUARTERLY – per Yahoo/Finance
ENTERPRISE VALUE/TTM ADJUSTED EBITDA per Lipton Financial Services
MOST RECENT TRANSCRIPT
https://seekingalpha.com/article/4625985-wendys-company-wen-q2-2023-earnings-call-transcript
ANNUAL – per Yahoo/Finance
QUARTERLY – per Yahoo/Finance
ENTERPRISE VALUE/TTM ADJUSTED EBITDA per Lipton Financial Services
MOST RECENT TRANSCRIPT
https://seekingalpha.com/article/4625985-wendys-company-wen-q2-2023-earnings-call-transcript
DUTCH BROS (BROS)
https://www.liptonfinancialservices.com/2023/03/dutch-bros-bros-in-process/
WENDY’S (WEN)
https://www.liptonfinancialservices.com/2023/03/wendys-updated-write-up/
EUROPEAN WAX CENTER (EWCZ)
https://www.liptonfinancialservices.com/2023/04/european-wax-center-inc-ewcz/
RCI HOSPITALITY (RICK)
https://www.liptonfinancialservices.com/2023/02/rci-hospitality-rick-in-process/
FRANCHISE GROUP (FRG)
https://www.liptonfinancialservices.com/2023/03/franchise-group-inc-frg/
SWEETGREEN (SG)
https://www.liptonfinancialservices.com/2022/08/sweetgreen-sg-in-process/
CARROL’S RESTAURANT GROUP (TAST)
https://www.liptonfinancialservices.com/2022/09/carrols-restaurant-group-tast/
RAVE RESTAURANT GROUP (RAVE)
https://www.liptonfinancialservices.com/2022/09/rave-restaurant-group-inc-rave/
WENDY’S (WEN)
https://www.liptonfinancialservices.com/2022/09/wendys-updated-write-up/
DUTCH BROS. (BROS)
https://www.liptonfinancialservices.com/2022/09/dutch-bros-bros-in-process/
UPDATED CORPORATE DESCRIPTIONS: WENDY’S, DUTCH BROS, RED ROBIN, CARROL’S, GOOD TIMES RESTAURANTS – with relevant transcripts
WENDY’S
https://www.liptonfinancialservices.com/2022/05/wendys-updated-write-up/
DUTCH BROS.
https://www.liptonfinancialservices.com/2022/05/dutch-bros-bros-in-process/
RED ROBIN GOURMET BURGERS
CARROL’S
https://www.liptonfinancialservices.com/2022/05/carrols-restaurant-group-tast/
GOOD TIMES RESTAURANTS
https://www.liptonfinancialservices.com/2022/05/good-times-restaurants-inc-gtim/
UPDATED CORPORATE DESCRIPTIONS: THE ONE GROUP (STKS), WENDY’S (WEN), DUTCH BROS (BROS), BLACK RIFLE COFFEE (BRCC), CARROL’S (TAST), FIESTA RESTAURANT (FRGI), BBQ HOLDINGS (BBQ) – with transcripts
THE ONE GROUP HIOSPITALITY
https://www.liptonfinancialservices.com/2022/04/the-one-group-hospitality-stks-in-process/
WENDY’S
https://www.liptonfinancialservices.com/2022/03/wendys-updated-write-up/
DUTCH BROS
https://www.liptonfinancialservices.com/2022/01/dutch-bros-bros-in-process/
BRC – BLACK RIFLE COMPANY
https://www.liptonfinancialservices.com/2022/04/black-rifle-coffee-company-brcc/
CARROL’S
https://www.liptonfinancialservices.com/2022/04/carrols-restaurant-group-tast/
BBQ HOLDINGS
https://www.liptonfinancialservices.com/2022/04/bbq-holdings-bbq-in-process/
THE WEEK THAT WAS, ENDING 3-25 – ANALYSTS ALREADY LIKED WINGSTOP, WENDY’S, FIRST WATCH, DARDEN, ONE COMPANY UPGRADED, WHICH WE WROTE UP A MONTH AGO
FIRST WATCH (FWRG) AND DARDEN (DRI) PROVIDE GOOD REPORTS, HARD NOT TO LIKE THEM. ARCO DORADOS (ARCO) GETS UPGRADED
RE: First Watch (FWRG), ANDY BARISH, JEFFREY BERNSTEIN, GOLDMAN SACHS, continue to like it. ANDREW CHARLES wants to see more (I guess).
RE: Darden (DRI), BRIAN VACCARO, LAUREN SILBERMAN, JAMES RUTHERFORD, JEFFREY BERNSTEIN, analysts at Morgan Stanley all continue to like it. NICK SETYAN wants to see more (I guess).
RE: Wingstop (WING), NICK SETYAN likes it, in spite of Charlie Morrison leaving.
RE: Wendy’s (WEN), IVAN FEINSETH likes it.
RE: Arcos Dorados (ARCO), ROBERT FORD upgrades to BUY.
RELEVANT TRANSCRIPTS FROM MOST RECENT CONFERENCE CALLS.
First Watch
Darden
Wingstop
Wendy’s
https://seekingalpha.com/article/4492114-wendys-company-2021-q4-results-earnings-call-presentation
Arcos Dorados
UPDATED CORPORATE DESCRIPTIONS: WENDY’S, DUTCH BROS, DINE BRANDS, POTBELLY, SWEETGREEN AND RED ROBIN with conference call transcripts
Wendy’s (WEN)
https://www.liptonfinancialservices.com/2021/11/wendys-updated-write-up/
Dutch Bros (BROS)
https://www.liptonfinancialservices.com/2022/01/dutch-bros-bros-in-process/
Dine Brands (DIN)
https://www.liptonfinancialservices.com/2022/01/dine-brands-global-din/
Potbelly (PBPB)
https://www.liptonfinancialservices.com/2022/01/potbelly-pbpb-in-process/
Sweetgreen (SG)
https://www.liptonfinancialservices.com/2022/01/sweetgreen-sg-in-process/
Red Robin (RRGB)
UPDATED CORPORATE DESCRIPTIONS – PAPA JOHN’S, RESTAURANT BRANDS, RUTH’S CHRIS, TEXAS ROADHOUSE, WENDY’S, YUM BRANDS
UPDATED CORPORATE DESCRIPTIONS – SHORTLY WILL INCLUDE VIRTUALLY EVERY PUBLICLY HELD RESTAURANT COMPANY – to be updated each quarter
The summaries we show, while not complete in detail and involve a number of approximations, provide a good starting point for our own investment banking activities and will hopefully do the same for our readers.
https://www.liptonfinancialservices.com/2021/11/papa-johns-pzza-corporate-description/
RESTAURANT BRANDS – https://www.liptonfinancialservices.com/2021/11/red-robin-gourmet-burgers-inc-rrgb-updated-writeup-inflection-point-could-be-at-hand/
https://www.liptonfinancialservices.com/2021/11/ruth/
https://www.liptonfinancialservices.com/2021/11/texas-roadhouse-updated-write-up/
https://www.liptonfinancialservices.com/2021/11/wendys-updated-write-up/
https://www.liptonfinancialservices.com/2021/11/yum-brands/
RESTAURANT COMPANIES TO REPORT THIS WEEK: FWRG, DNUT, TAST, RRGB, ARCO,WEN, BROS, FRGI, KRUS
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The following are transcripts from the conference calls following release of earnings:
DNUT PRESENTATION- SLIDES
https://seekingalpha.com/article/4468529-krispy-kreme-inc-2021-q3-results-earnings-call-presentation
DNUT CALL
ARCOS SLIDE PRESENTATION
ARCOS CALL
THE RESTAURANT INDUSTRY FROM 1971 TO 2019, IT’S A HORSERACE !!
You will enjoy this ! The race from 1971 to 2019 !! (The year is at bottom of graphic.)
McDonald’s remains dominant, Starbucks comes on strong, Subway large but stumbling !