Dunkin, Yum fourth quarter results coming in — Market outlook for Thursday

Seoul, Feb 7, 2019 (Issuewire.com) – Two of the biggest names in the food industry are set to release their financial results today before the bell. Dunkin Brands and Yum Brands are scheduled to release their fourth-quarter earnings within the next few hours.

Wall street analysts are running on Dunkin. With Wells Fargo predicting that the coffee chain will show its best quarterly same-store performance since the third quarter of 2016. Jon Tower Analyst for Wells Fargo stated that Dunkins new rebranding and the reintroduction of their espresso platform in combination with a better industry backline are some of the key drivers behind his prediction. However, Tower also pointed out that new and growing competition in the coffee sector will weigh in on Dunkin also.

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Eric Gonzalez analyst at KeyBanc said he believes that 2018 was a fundamental year of foundations for Dunkin, and he expects breakfast sales to have boosted the companies fourth-quarter sales. Given McDonald’s well-publicized/accelerating share losses at breakfast and the competitive overlap between the two brands, we wonder to what extent Dunkin’ has been a beneficiary of McDonald’s struggles, Gonzalez wrote in a note last week.

Analysts predict an expected earnings report of $0.61 cents per share with $329.88 million USD in revenue, with same-store sales expected to have grown over 3%.

Although analysts are not expecting terrible results for Yum Brands, predictions are not anywhere near as positive as they are for Dunkin. Tower has estimated that Yums global same-store sales will be above predicted for their fourth quarter. The average consensus estimates for global same-store sales are set for around the 2.5% growth. Taco Bell and KFC are as expected to have seen the largest sales growth during the fourth quarter, while tower has mentioned he believes Pizza hit will continue to trail behind

Analysts are predicting Yum to report earnings of $0.97 per share with an underwhelming $1.59 billion in revenue. Same-store sales are estimated to show a growth of 2.5% over the quarter.

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Francis Reynolds Tate Livingstone

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This article was originally published by IssueWire. Read the original article here.

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